Osborn Williams & Donohoe LLC Sells 2,743 Shares of MCCORMICK & CO /SH NV (NYSE:MKC)

Osborn Williams & Donohoe LLC trimmed its holdings in MCCORMICK & CO /SH NV (NYSE:MKC) by 9.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 25,774 shares of the company’s stock after selling 2,743 shares during the quarter. Osborn Williams & Donohoe LLC’s holdings in MCCORMICK & CO /SH were worth $3,995,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Comerica Securities Inc. raised its holdings in MCCORMICK & CO /SH by 1.8% during the fourth quarter. Comerica Securities Inc. now owns 6,204 shares of the company’s stock worth $867,000 after purchasing an additional 108 shares in the last quarter. Geode Capital Management LLC raised its holdings in MCCORMICK & CO /SH by 15.9% during the fourth quarter. Geode Capital Management LLC now owns 1,800,426 shares of the company’s stock worth $250,306,000 after purchasing an additional 247,249 shares in the last quarter. Two Sigma Advisers LP purchased a new position in MCCORMICK & CO /SH in the fourth quarter valued at about $641,000. Thrivent Financial for Lutherans increased its holdings in MCCORMICK & CO /SH by 1.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,301 shares of the company’s stock valued at $738,000 after buying an additional 93 shares in the last quarter. Finally, Huntington National Bank increased its holdings in MCCORMICK & CO /SH by 4.6% in the first quarter. Huntington National Bank now owns 310,045 shares of the company’s stock valued at $46,702,000 after buying an additional 13,718 shares in the last quarter. Institutional investors and hedge funds own 79.61% of the company’s stock.

In other news, VP Michael R. Smith sold 9,100 shares of MCCORMICK & CO /SH stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $160.84, for a total value of $1,463,644.00. Following the completion of the transaction, the vice president now directly owns 30,453 shares of the company’s stock, valued at approximately $4,898,060.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Margaret M. V. Preston sold 3,865 shares of MCCORMICK & CO /SH 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 transaction, the director now directly owns 30,674 shares of the company’s stock, valued at $4,733,304.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,035 shares of company stock worth $2,378,874. 11.00% of the stock is owned by company insiders.

NYSE MKC traded up $2.69 during mid-day trading on Wednesday, reaching $158.20. 14,847 shares of the stock were exchanged, compared to its average volume of 627,938. MCCORMICK & CO /SH NV has a 1-year low of $119.00 and a 1-year high of $163.70. The firm’s fifty day simple moving average is $158.11. The firm has a market capitalization of $21.10 billion, a PE ratio of 31.85, a PEG ratio of 3.75 and a beta of 0.18. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.79 and a quick ratio of 0.35.

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

The company also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 8th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $2.28 dividend on an annualized basis and a yield of 1.44%. MCCORMICK & CO /SH’s dividend payout ratio (DPR) is currently 45.88%.

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

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.

Featured Article: Total Return

Want to see what other hedge funds are holding MKC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MCCORMICK & CO /SH NV (NYSE:MKC).

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

Receive News & Ratings for MCCORMICK & CO /SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCCORMICK & CO /SH and related companies with MarketBeat.com's FREE daily email newsletter.