McCormick & Company (MKC) is Trillium Asset Management LLC’s 10th Largest Position

Trillium Asset Management LLC lifted its stake in McCormick & Company (NYSE:MKC) by 0.9% during the first quarter, Holdings Channel reports. The institutional investor owned 255,098 shares of the company’s stock after acquiring an additional 2,274 shares during the quarter. McCormick & Company makes up approximately 1.5% of Trillium Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Trillium Asset Management LLC’s holdings in McCormick & Company were worth $27,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Bradley Foster & Sargent Inc. CT boosted its stake in shares of McCormick & Company by 0.3% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 196,676 shares of the company’s stock worth $20,924,000 after buying an additional 510 shares during the last quarter. Courier Capital LLC boosted its stake in shares of McCormick & Company by 1.4% in the fourth quarter. Courier Capital LLC now owns 37,814 shares of the company’s stock worth $3,854,000 after buying an additional 526 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of McCormick & Company by 15.8% in the first quarter. Daiwa Securities Group Inc. now owns 3,960 shares of the company’s stock worth $421,000 after buying an additional 540 shares during the last quarter. Atria Investments LLC boosted its stake in shares of McCormick & Company by 11.9% in the fourth quarter. Atria Investments LLC now owns 5,628 shares of the company’s stock worth $574,000 after buying an additional 598 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its stake in shares of McCormick & Company by 20.0% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 3,605 shares of the company’s stock worth $367,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 78.65% of the company’s stock.

A number of brokerages have recently commented on MKC. Zacks Investment Research downgraded McCormick & Company from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Credit Suisse Group upped their target price on McCormick & Company from $120.00 to $122.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 28th. Citigroup upped their target price on McCormick & Company from $113.00 to $114.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 28th. UBS upped their target price on McCormick & Company from $106.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 28th. Finally, Sanford C. Bernstein upped their target price on McCormick & Company from $113.00 to $118.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $111.89.

NYSE MKC opened at $102.95 on Monday. The stock has a market capitalization of $13.50 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 2.09 and a beta of 0.57. McCormick & Company has a twelve month low of $90.25 and a twelve month high of $111.46. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

McCormick & Company (NYSE:MKC) last released its quarterly earnings results on Tuesday, March 27th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.09. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.24 billion. McCormick & Company had a return on equity of 23.39% and a net margin of 16.04%. McCormick & Company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. equities research analysts expect that McCormick & Company will post 4.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 23rd. Investors of record on Monday, April 9th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, April 6th. This represents a $2.08 dividend on an annualized basis and a yield of 2.02%. McCormick & Company’s payout ratio is 48.83%.

McCormick & Company Company Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates through two segments, Consumer and Industrial. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

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

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