MCCORMICK & CO /SH NV (NYSE:MKC) Shares Sold by Regentatlantic Capital LLC

Regentatlantic Capital LLC lowered its position in MCCORMICK & CO /SH NV (NYSE:MKC) by 2.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,581 shares of the company’s stock after selling 101 shares during the quarter. Regentatlantic Capital LLC’s holdings in MCCORMICK & CO /SH were worth $555,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MKC. Fundsmith LLP lifted its holdings in MCCORMICK & CO /SH by 93.6% in the 1st quarter. Fundsmith LLP now owns 5,204,584 shares of the company’s stock worth $783,966,000 after buying an additional 2,515,590 shares in the last quarter. Thoroughbred Financial Services LLC lifted its holdings in MCCORMICK & CO /SH by 16,307.6% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 552,117 shares of the company’s stock worth $55,212,000 after buying an additional 548,752 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in MCCORMICK & CO /SH by 62.7% in the 1st quarter. Janus Henderson Group PLC now owns 1,352,114 shares of the company’s stock worth $203,669,000 after buying an additional 520,816 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in MCCORMICK & CO /SH by 83.2% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 612,649 shares of the company’s stock worth $92,284,000 after buying an additional 278,184 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in MCCORMICK & CO /SH by 2.6% in the 1st quarter. BlackRock Inc. now owns 10,738,844 shares of the company’s stock worth $1,617,593,000 after buying an additional 275,507 shares in the last quarter. Hedge funds and other institutional investors own 79.59% of the company’s stock.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating and set a $161.00 price objective on the stock in a report on Thursday, May 30th. Citigroup boosted their price objective on shares of MCCORMICK & CO /SH from $155.00 to $166.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Deutsche Bank set a $142.00 price objective on shares of MCCORMICK & CO /SH and gave the stock a “hold” rating in a report on Friday, June 28th. JPMorgan Chase & Co. boosted their price objective on shares of MCCORMICK & CO /SH from $143.00 to $148.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Finally, UBS Group set a $155.00 price objective on shares of MCCORMICK & CO /SH and gave the stock a “hold” rating in a report on Friday, June 28th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $142.67.

Shares of MCCORMICK & CO /SH stock traded up $1.73 during trading on Friday, reaching $159.18. The company had a trading volume of 763,670 shares, compared to its average volume of 627,615. The firm has a market capitalization of $20.87 billion, a P/E ratio of 32.03, a price-to-earnings-growth ratio of 3.71 and a beta of 0.18. The firm’s fifty day simple moving average is $158.02. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.35 and a current ratio of 0.79. MCCORMICK & CO /SH NV has a fifty-two week low of $119.00 and a fifty-two week high of $163.70.

MCCORMICK & CO /SH (NYSE:MKC) last issued its earnings results on Thursday, June 27th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. MCCORMICK & CO /SH had a net margin of 12.73% and a return on equity of 21.42%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.02 EPS. On average, equities analysts forecast that MCCORMICK & CO /SH NV will post 5.31 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were paid a $0.57 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.43%. MCCORMICK & CO /SH’s dividend payout ratio (DPR) is presently 45.88%.

In other news, VP Nneka Louise Rimmer sold 2,070 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $154.02, for a total value of $318,821.40. Following the sale, the vice president now owns 6,209 shares in the company, valued at approximately $956,310.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Margaret M. V. Preston sold 3,865 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $154.31, for a total transaction of $596,408.15. Following the completion of the sale, the director now owns 30,674 shares in the company, valued at approximately $4,733,304.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,035 shares of company stock worth $2,378,874. Company insiders own 11.00% of the company’s stock.

About MCCORMICK & CO /SH

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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