McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its stake in McCormick & Company, Incorporated (NYSE:MKC) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,818 shares of the company’s stock after selling 2,214 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in McCormick & Company, were worth $4,370,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of McCormick & Company, by 2.5% in the second quarter. Vanguard Group Inc. now owns 12,264,131 shares of the company’s stock worth $1,195,875,000 after purchasing an additional 301,377 shares during the period. Goldman Sachs Group Inc. increased its position in shares of McCormick & Company, by 19.9% in the second quarter. Goldman Sachs Group Inc. now owns 1,067,062 shares of the company’s stock worth $104,049,000 after purchasing an additional 177,210 shares during the period. Renaissance Technologies LLC increased its position in shares of McCormick & Company, by 26.6% in the second quarter. Renaissance Technologies LLC now owns 987,100 shares of the company’s stock worth $96,252,000 after purchasing an additional 207,600 shares during the period. Swiss National Bank increased its position in shares of McCormick & Company, by 1.2% in the second quarter. Swiss National Bank now owns 913,348 shares of the company’s stock worth $89,061,000 after purchasing an additional 10,800 shares during the period. Finally, Pioneer Investment Management Inc. increased its position in shares of McCormick & Company, by 3.5% in the second quarter. Pioneer Investment Management Inc. now owns 895,695 shares of the company’s stock worth $87,339,000 after purchasing an additional 29,910 shares during the period. Hedge funds and other institutional investors own 70.14% of the company’s stock.

In other McCormick & Company, news, VP Michael R. Smith sold 5,500 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $102.60, for a total value of $564,300.00. Following the transaction, the vice president now owns 19,248 shares of the company’s stock, valued at $1,974,844.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $99.50, for a total value of $497,500.00. Following the transaction, the director now directly owns 18,825 shares in the company, valued at approximately $1,873,087.50. The disclosure for this sale can be found here. In the last three months, insiders sold 13,500 shares of company stock worth $1,357,840. Insiders own 15.30% of the company’s stock.

Several analysts recently weighed in on the company. Jefferies Group LLC set a $120.00 price objective on McCormick & Company, and gave the company a “buy” rating in a research note on Monday, October 30th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $103.00 price objective (up from $95.00) on shares of McCormick & Company, in a research note on Monday, October 2nd. Zacks Investment Research raised McCormick & Company, from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research note on Monday, October 2nd. Citigroup Inc. lifted their price target on McCormick & Company, from $100.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Finally, Credit Suisse Group reissued a “buy” rating and set a $115.00 price target (up from $112.00) on shares of McCormick & Company, in a research note on Friday, September 29th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. McCormick & Company, has an average rating of “Buy” and a consensus target price of $106.00.

ILLEGAL ACTIVITY WARNING: “McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by Public Employees Retirement System of Ohio” was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.dispatchtribunal.com/2017/11/11/public-employees-retirement-system-of-ohio-sells-2214-shares-of-mccormick-company-incorporated-mkc.html.

McCormick & Company, Incorporated (MKC) traded up $1.41 during midday trading on Friday, hitting $96.92. The stock had a trading volume of 839,700 shares, compared to its average volume of 880,200. McCormick & Company, Incorporated has a 52-week low of $88.64 and a 52-week high of $106.50. The company has a market capitalization of $12,511.52, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 2.42 and a beta of 0.53. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.47 and a current ratio of 0.95.

McCormick & Company, (NYSE:MKC) last announced its quarterly earnings results on Thursday, September 28th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.07. McCormick & Company, had a return on equity of 26.09% and a net margin of 10.05%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. McCormick & Company,’s revenue was up 8.6% compared to the same quarter last year. equities analysts expect that McCormick & Company, Incorporated will post 4.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th were given a $0.47 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.88 annualized dividend and a yield of 1.94%. McCormick & Company,’s dividend payout ratio is currently 51.93%.

McCormick & 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)

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

Leave a Reply