McCormick & Company, Incorporated (NYSE:MKC) Stake Maintained by Foster Dykema Cabot & Co. Inc. MA

Foster Dykema Cabot & Co. Inc. MA held its position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,000 shares of the company’s stock at the end of the second quarter. Foster Dykema Cabot & Co. Inc. MA’s holdings in McCormick & Company, were worth $780,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MKC. Trust Co. of Vermont boosted its position in shares of McCormick & Company, by 1.6% in the first quarter. Trust Co. of Vermont now owns 45,767 shares of the company’s stock worth $4,464,000 after buying an additional 720 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of McCormick & Company, by 23.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,904 shares of the company’s stock worth $283,000 after buying an additional 560 shares in the last quarter. First Quadrant L P CA purchased a new position in shares of McCormick & Company, during the first quarter worth $3,922,000. Sawgrass Asset Management LLC boosted its position in shares of McCormick & Company, by 28.7% in the first quarter. Sawgrass Asset Management LLC now owns 550,888 shares of the company’s stock worth $53,739,000 after buying an additional 122,880 shares in the last quarter. Finally, Shell Asset Management Co. boosted its position in shares of McCormick & Company, by 6.0% in the first quarter. Shell Asset Management Co. now owns 155,210 shares of the company’s stock worth $15,141,000 after buying an additional 8,764 shares in the last quarter. 73.91% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated (NYSE:MKC) opened at 97.03 on Friday. The stock’s 50 day moving average price is $95.95 and its 200 day moving average price is $99.00. The stock has a market capitalization of $12.09 billion, a PE ratio of 25.77 and a beta of 0.52. McCormick & Company, Incorporated has a 1-year low of $88.64 and a 1-year high of $106.50.

McCormick & Company, (NYSE:MKC) last released its quarterly earnings data on Thursday, June 29th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. McCormick & Company, had a return on equity of 28.28% and a net margin of 10.69%. McCormick & Company,’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. On average, equities research analysts predict that McCormick & Company, Incorporated will post $4.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 10th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.88 annualized dividend and a yield of 1.94%. McCormick & Company,’s payout ratio is currently 49.87%.

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MKC has been the topic of a number of research reports. Zacks Investment Research raised McCormick & Company, from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a report on Thursday, June 1st. BidaskClub cut McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Goldman Sachs Group, Inc. (The) assumed coverage on McCormick & Company, in a research note on Friday, June 16th. They issued a “neutral” rating and a $101.00 price target on the stock. Jefferies Group LLC raised McCormick & Company, from a “hold” rating to a “buy” rating and lifted their price target for the stock from $95.00 to $110.00 in a research note on Friday, July 28th. Finally, Edward Jones raised McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $104.00.

McCormick & Company, Company Profile

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

Institutional Ownership by Quarter for McCormick & Company, (NYSE:MKC)

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