Haverford Trust Co Has $29.72 Million Stock Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Haverford Trust Co lifted its position in McCormick & Company, Incorporated (NYSE:MKC) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 361,146 shares of the company’s stock after acquiring an additional 1,316 shares during the period. Haverford Trust Co’s holdings in McCormick & Company, Incorporated were worth $29,722,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of McCormick & Company, Incorporated in the 3rd quarter valued at approximately $28,000. Capital Advisors Ltd. LLC increased its stake in McCormick & Company, Incorporated by 87.5% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 375 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares in the last quarter. OFI Invest Asset Management bought a new stake in McCormick & Company, Incorporated during the 2nd quarter worth approximately $29,000. Kennebec Savings Bank bought a new stake in McCormick & Company, Incorporated during the 3rd quarter worth approximately $40,000. Finally, 1620 Investment Advisors Inc. bought a new stake in McCormick & Company, Incorporated during the 2nd quarter worth approximately $35,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, Director Jacques Tapiero sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction on Monday, November 4th. The stock was sold at an average price of $78.33, for a total transaction of $391,650.00. Following the completion of the sale, the director now owns 28,217 shares of the company’s stock, valued at approximately $2,210,237.61. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 20,000 shares of company stock valued at $1,565,850 in the last quarter. 22.90% of the stock is currently owned by insiders.

McCormick & Company, Incorporated Trading Down 0.6 %

NYSE MKC opened at $76.59 on Wednesday. The company has a market cap of $20.55 billion, a PE ratio of 26.05, a PEG ratio of 3.52 and a beta of 0.77. The company has a current ratio of 0.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.61. McCormick & Company, Incorporated has a 12 month low of $63.67 and a 12 month high of $85.49. The stock has a 50 day moving average of $80.86 and a 200-day moving average of $76.23.

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

McCormick & Company, Incorporated Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, October 7th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.19%. The ex-dividend date was Monday, October 7th. McCormick & Company, Incorporated’s dividend payout ratio is 57.14%.

Analyst Ratings Changes

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

About McCormick & Company, Incorporated

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.