MCCORMICK & CO /SH NV (NYSE:MKC) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its stake in shares of MCCORMICK & CO /SH NV (NYSE:MKC) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,984 shares of the company’s stock after selling 4,068 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in MCCORMICK & CO /SH were worth $6,124,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. grace capital increased its position in shares of MCCORMICK & CO /SH by 30.0% during the fourth quarter. grace capital now owns 3,900 shares of the company’s stock worth $543,000 after buying an additional 900 shares during the period. Cetera Advisors LLC increased its position in shares of MCCORMICK & CO /SH by 6.2% during the fourth quarter. Cetera Advisors LLC now owns 1,706 shares of the company’s stock worth $238,000 after buying an additional 100 shares during the period. First Allied Advisory Services Inc. increased its position in shares of MCCORMICK & CO /SH by 8.4% during the fourth quarter. First Allied Advisory Services Inc. now owns 2,862 shares of the company’s stock worth $404,000 after buying an additional 221 shares during the period. National Pension Service increased its position in shares of MCCORMICK & CO /SH by 4.7% during the fourth quarter. National Pension Service now owns 148,395 shares of the company’s stock worth $18,906,000 after buying an additional 6,653 shares during the period. Finally, Legal & General Group Plc increased its position in shares of MCCORMICK & CO /SH by 5.6% during the fourth quarter. Legal & General Group Plc now owns 654,132 shares of the company’s stock worth $91,081,000 after buying an additional 34,710 shares during the period. Institutional investors and hedge funds own 80.35% of the company’s stock.

In other MCCORMICK & CO /SH news, major shareholder Alan D. Wilson sold 94,400 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $151.47, for a total value of $14,298,768.00. Following the transaction, the insider now directly owns 206,553 shares of the company’s stock, valued at $31,286,582.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alan D. Wilson sold 90,000 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $140.00, for a total transaction of $12,600,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 195,600 shares of company stock worth $28,628,076. 11.00% of the stock is owned by insiders.

Several research firms have recently weighed in on MKC. Zacks Investment Research upgraded shares of MCCORMICK & CO /SH from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research report on Tuesday, April 2nd. Jefferies Financial Group reiterated a “buy” rating and set a $150.00 price objective on shares of MCCORMICK & CO /SH in a research report on Tuesday, March 26th. Deutsche Bank upgraded shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Finally, Consumer Edge upgraded shares of MCCORMICK & CO /SH from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 25th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $132.57.

NYSE MKC traded up $0.05 on Wednesday, hitting $151.33. 680,400 shares of the company were exchanged, compared to its average volume of 1,311,337. The firm has a market cap of $20.15 billion, a PE ratio of 30.45, a P/E/G ratio of 3.25 and a beta of 0.26. MCCORMICK & CO /SH NV has a 12 month low of $99.53 and a 12 month high of $156.00. The company has a quick ratio of 0.34, a current ratio of 0.78 and a debt-to-equity ratio of 1.21.

MCCORMICK & CO /SH (NYSE:MKC) last issued its earnings results on Tuesday, March 26th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.06. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. MCCORMICK & CO /SH had a net margin of 12.19% and a return on equity of 21.41%. MCCORMICK & CO /SH’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share. On average, equities analysts predict that MCCORMICK & CO /SH NV will post 5.27 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Friday, April 5th. MCCORMICK & CO /SH’s dividend payout ratio is presently 45.88%.

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MCCORMICK & CO /SH Company Profile

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

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Institutional Ownership by Quarter for MCCORMICK & CO /SH (NYSE:MKC)

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