KFG Wealth Management LLC Has $358,000 Holdings in McCormick & Company, Incorporated (NYSE:MKC)

KFG Wealth Management LLC boosted its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 3.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,229 shares of the company’s stock after purchasing an additional 158 shares during the quarter. KFG Wealth Management LLC’s holdings in McCormick & Company, Incorporated were worth $358,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of McCormick & Company, Incorporated by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 28,955,774 shares of the company’s stock valued at $2,889,787,000 after purchasing an additional 462,997 shares during the period. Moneta Group Investment Advisors LLC increased its holdings in shares of McCormick & Company, Incorporated by 92,736.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,770,708 shares of the company’s stock valued at $478,334,000 after purchasing an additional 5,764,492 shares during the period. Geode Capital Management LLC increased its holdings in shares of McCormick & Company, Incorporated by 1.9% in the 1st quarter. Geode Capital Management LLC now owns 5,404,603 shares of the company’s stock valued at $448,737,000 after purchasing an additional 101,633 shares during the period. Northern Trust Corp increased its holdings in shares of McCormick & Company, Incorporated by 2.8% in the 3rd quarter. Northern Trust Corp now owns 3,438,766 shares of the company’s stock valued at $260,108,000 after purchasing an additional 93,034 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of McCormick & Company, Incorporated by 6.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,563,547 shares of the company’s stock valued at $223,618,000 after purchasing an additional 152,184 shares during the period. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

McCormick & Company, Incorporated stock traded up $1.22 during trading hours on Friday, reaching $73.92. 1,726,873 shares of the company were exchanged, compared to its average volume of 2,080,260. The firm has a market cap of $19.84 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 3.71 and a beta of 0.74. The company has a current ratio of 0.68, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average of $70.45 and a 200 day moving average of $67.51. McCormick & Company, Incorporated has a 12 month low of $59.13 and a 12 month high of $94.39.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Tuesday, March 26th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.55 billion. McCormick & Company, Incorporated had a return on equity of 14.45% and a net margin of 10.56%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 earnings per share. As a group, research analysts anticipate that McCormick & Company, Incorporated will post 2.85 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 8th will be given a $0.42 dividend. The ex-dividend date is Friday, April 5th. This represents a $1.68 annualized dividend and a dividend yield of 2.27%. McCormick & Company, Incorporated’s dividend payout ratio is 64.12%.

Insider Activity

In other news, Director Patricia A. Little sold 20,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $75.57, for a total value of $1,511,400.00. Following the completion of the sale, the director now directly owns 24,732 shares of the company’s stock, valued at $1,868,997.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $65.20, for a total transaction of $326,000.00. Following the completion of the transaction, the director now directly owns 39,181 shares in the company, valued at $2,554,601.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patricia A. Little sold 20,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $75.57, for a total value of $1,511,400.00. Following the transaction, the director now owns 24,732 shares of the company’s stock, valued at $1,868,997.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,000 shares of company stock valued at $2,376,400. 22.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MKC has been the topic of a number of research reports. Barclays increased their price objective on McCormick & Company, Incorporated from $71.00 to $76.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. Citigroup increased their price objective on McCormick & Company, Incorporated from $60.00 to $68.00 and gave the stock a “sell” rating in a report on Wednesday, March 27th. JPMorgan Chase & Co. dropped their price objective on McCormick & Company, Incorporated from $59.00 to $57.00 and set an “underweight” rating on the stock in a report on Friday, January 26th. Argus upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Tuesday, April 2nd. Finally, Consumer Edge downgraded McCormick & Company, Incorporated from an “overweight” rating to an “equal weight” rating in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $77.88.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts.