Compton Financial Group LLC Makes New $203,000 Investment in McCormick & Company, Incorporated (NYSE:MKC)

Compton Financial Group LLC bought a new stake in McCormick & Company, Incorporated (NYSE:MKC) during the 1st quarter, Holdings Channel reports. The firm bought 2,648 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds have also made changes to their positions in the company. Anchor Investment Management LLC acquired a new position in shares of McCormick & Company, Incorporated in the fourth quarter valued at approximately $36,000. VisionPoint Advisory Group LLC purchased a new stake in McCormick & Company, Incorporated during the 4th quarter worth about $44,000. Valley National Advisers Inc. raised its position in McCormick & Company, Incorporated by 283.9% in the 4th quarter. Valley National Advisers Inc. now owns 787 shares of the company’s stock valued at $53,000 after purchasing an additional 582 shares in the last quarter. Private Trust Co. NA raised its position in McCormick & Company, Incorporated by 59.1% in the 4th quarter. Private Trust Co. NA now owns 781 shares of the company’s stock valued at $53,000 after purchasing an additional 290 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of McCormick & Company, Incorporated by 72.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,093 shares of the company’s stock valued at $75,000 after buying an additional 461 shares during the period. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Insider Activity

In other news, Director Lawrence Erik Kurzius sold 80,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $73.75, for a total transaction of $5,900,000.00. Following the transaction, the director now directly owns 199,258 shares of the company’s stock, valued at $14,695,277.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Katherine Jenkins sold 2,732 shares of McCormick & Company, Incorporated stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $75.91, for a total transaction of $207,386.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lawrence Erik Kurzius sold 80,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $73.75, for a total value of $5,900,000.00. Following the completion of the sale, the director now directly owns 199,258 shares in the company, valued at approximately $14,695,277.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,458 shares of company stock valued at $6,235,714. Insiders own 22.90% of the company’s stock.

McCormick & Company, Incorporated Stock Up 0.4 %

MKC traded up $0.27 during trading on Tuesday, hitting $70.22. The company had a trading volume of 1,784,712 shares, compared to its average volume of 2,007,247. McCormick & Company, Incorporated has a 1-year low of $59.13 and a 1-year high of $90.45. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.69 and a quick ratio of 0.31. The company has a market cap of $18.85 billion, a PE ratio of 25.63, a P/E/G ratio of 3.71 and a beta of 0.75. The business has a 50-day moving average of $72.10 and a 200-day moving average of $70.18.

McCormick & Company, Incorporated (NYSE:MKC) last issued its earnings results on Thursday, June 27th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.10. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. McCormick & Company, Incorporated had a net margin of 11.07% and a return on equity of 14.63%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 EPS. As a group, analysts forecast that McCormick & Company, Incorporated will post 2.84 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be issued a $0.42 dividend. The ex-dividend date is Monday, July 8th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.39%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 61.31%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MKC shares. Argus upgraded shares of 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. TD Cowen cut their price target on McCormick & Company, Incorporated from $75.00 to $73.00 and set a “hold” rating on the stock in a research note on Monday, June 24th. Stifel Nicolaus increased their price objective on McCormick & Company, Incorporated from $70.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, March 27th. Citigroup upgraded McCormick & Company, Incorporated from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $68.00 to $69.00 in a research note on Wednesday, June 12th. Finally, Barclays raised their price objective on shares of McCormick & Company, Incorporated from $71.00 to $76.00 and gave the stock an “equal weight” rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, McCormick & Company, Incorporated currently has an average rating of “Hold” and an average target price of $76.25.

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.