Town & Country Bank & Trust CO dba First Bankers Trust CO Buys 595 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in McCormick & Company, Incorporated (NYSE:MKC) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,340 shares of the company’s stock after acquiring an additional 595 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in McCormick & Company, Incorporated were worth $1,627,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MKC. Capital Performance Advisors LLP bought a new stake in McCormick & Company, Incorporated during the third quarter valued at approximately $28,000. Albion Financial Group UT purchased a new stake in McCormick & Company, Incorporated in the fourth quarter worth about $33,000. Kennebec Savings Bank bought a new position in shares of McCormick & Company, Incorporated in the third quarter worth about $40,000. Rosenberg Matthew Hamilton purchased a new position in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $38,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of McCormick & Company, Incorporated during the 2nd quarter valued at approximately $39,000. 79.74% of the stock is owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Trading Up 2.8 %

Shares of NYSE MKC opened at $77.00 on Tuesday. The stock has a market capitalization of $20.66 billion, a P/E ratio of 26.19, a PEG ratio of 3.23 and a beta of 0.75. McCormick & Company, Incorporated has a 1-year low of $64.33 and a 1-year high of $85.49. The business’s 50 day moving average is $76.66 and its two-hundred day moving average is $78.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.32.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. McCormick & Company, Incorporated had a net margin of 11.87% and a return on equity of 15.30%. As a group, research analysts expect that McCormick & Company, Incorporated will post 2.92 EPS for the current year.

McCormick & Company, Incorporated Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were paid a $0.45 dividend. This is a positive change from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, December 30th. This represents a $1.80 dividend on an annualized basis and a yield of 2.34%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 61.22%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Bank of America lifted their price target on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Jefferies Financial Group upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their price target for the stock from $85.00 to $91.00 in a research note on Monday, December 9th. Stifel Nicolaus boosted their price target on McCormick & Company, Incorporated from $75.00 to $85.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their target price on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a report on Friday. Finally, TD Cowen raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their target price for the company from $86.00 to $90.00 in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, McCormick & Company, Incorporated presently has an average rating of “Moderate Buy” and an average price target of $83.75.

Insider Transactions at McCormick & Company, Incorporated

In related news, Director Jacques Tapiero sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.34, for a total value of $386,700.00. Following the completion of the sale, the director now owns 28,217 shares in the company, valued at approximately $2,182,302.78. The trade was a 15.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 20,000 shares of company stock worth $1,565,850. 22.90% of the stock is currently owned by insiders.

About McCormick & Company, Incorporated

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.