5,710 Shares in McCormick & Company, Incorporated (NYSE:MKC) Purchased by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. bought a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the third quarter, Holdings Channel reports. The fund bought 5,710 shares of the company’s stock, valued at approximately $475,000.

Other institutional investors also recently bought and sold shares of the company. Capital Advisors Ltd. LLC raised its stake in McCormick & Company, Incorporated by 87.5% during the second quarter. Capital Advisors Ltd. LLC now owns 375 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the period. OFI Invest Asset Management purchased a new position in McCormick & Company, Incorporated during the second quarter worth about $29,000. 1620 Investment Advisors Inc. purchased a new position in McCormick & Company, Incorporated during the second quarter worth about $35,000. Strategic Investment Solutions Inc. IL purchased a new position in McCormick & Company, Incorporated during the second quarter worth about $39,000. Finally, Friedenthal Financial purchased a new position in McCormick & Company, Incorporated during the third quarter worth about $49,000. 79.74% of the stock is owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Price Performance

McCormick & Company, Incorporated stock opened at $78.86 on Wednesday. The firm has a market cap of $21.18 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 3.66 and a beta of 0.77. McCormick & Company, Incorporated has a 52-week low of $59.45 and a 52-week high of $85.49. The company has a quick ratio of 0.32, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average is $81.08 and its two-hundred day moving average is $75.84.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Tuesday, October 1st. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.15. McCormick & Company, Incorporated had a net margin of 11.87% and a return on equity of 15.30%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the firm posted $0.65 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. On average, research analysts expect that McCormick & Company, Incorporated will post 2.92 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, October 7th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, October 7th. McCormick & Company, Incorporated’s dividend payout ratio is presently 61.31%.

Analyst Ratings Changes

A number of research firms have recently issued reports on MKC. BNP Paribas raised shares of McCormick & Company, Incorporated to a “strong-buy” rating in a research note on Wednesday, October 2nd. Bank of America upped their price objective on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. TD Cowen upped their price objective on shares of McCormick & Company, Incorporated from $84.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus upped their price objective on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and a consensus price target of $79.57.

McCormick & Company, Incorporated 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.