Nicholson Wealth Management Group LLC purchased a new position in shares of McCormick & Company, Incorporated (NYSE:MKC – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,239 shares of the company’s stock, valued at approximately $596,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC increased its stake in McCormick & Company, Incorporated by 87.5% in the second quarter. Capital Advisors Ltd. LLC now owns 375 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the period. OFI Invest Asset Management acquired a new position in McCormick & Company, Incorporated during the second quarter worth $29,000. 1620 Investment Advisors Inc. bought a new position in shares of McCormick & Company, Incorporated during the second quarter valued at $35,000. Strategic Investment Solutions Inc. IL bought a new position in McCormick & Company, Incorporated during the 2nd quarter valued at about $39,000. Finally, Friedenthal Financial acquired a new position in shares of McCormick & Company, Incorporated in the 3rd quarter worth approximately $49,000. Institutional investors own 79.74% of the company’s stock.
McCormick & Company, Incorporated Stock Performance
McCormick & Company, Incorporated stock opened at $78.77 on Friday. The company has a market cap of $21.16 billion, a PE ratio of 28.75, a PEG ratio of 3.66 and a beta of 0.77. The company has a current ratio of 0.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.61. McCormick & Company, Incorporated has a 1 year low of $62.10 and a 1 year high of $85.49. The company’s 50-day moving average is $81.10 and its two-hundred day moving average is $75.86.
McCormick & Company, Incorporated Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, October 7th were given a $0.42 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a $1.68 annualized dividend and a dividend yield of 2.13%. McCormick & Company, Incorporated’s dividend payout ratio is currently 61.31%.
Wall Street Analyst Weigh In
Several analysts have recently commented on MKC shares. Bank of America increased their target price on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Stifel Nicolaus raised their price objective on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. TD Cowen boosted their target price on shares of McCormick & Company, Incorporated from $84.00 to $86.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. Finally, BNP Paribas raised shares of McCormick & Company, Incorporated to a “strong-buy” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $79.57.
Get Our Latest Analysis on McCormick & Company, Incorporated
About McCormick & Company, Incorporated
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.
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