McCormick & Company, Incorporated (NYSE:MKC) Director Maritza Gomez Montiel sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $96.26, for a total transaction of $240,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of McCormick & Company, Incorporated (NYSE MKC) opened at $96.96 on Tuesday. McCormick & Company, Incorporated has a twelve month low of $88.64 and a twelve month high of $106.50. The company has a current ratio of 0.95, a quick ratio of 0.47 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $12,696.23, a price-to-earnings ratio of 24.41, a PEG ratio of 2.45 and a beta of 0.53.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Friday, October 6th. McCormick & Company,’s dividend payout ratio (DPR) is presently 51.93%.

COPYRIGHT VIOLATION WARNING: This news story was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be accessed at https://theolympiareport.com/2017/11/14/mccormick-company-incorporated-mkc-director-maritza-gomez-montiel-sells-2500-shares-of-stock.html.

A number of hedge funds have recently bought and sold shares of MKC. Knights of Columbus Asset Advisors LLC raised its stake in McCormick & Company, by 136.6% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 1,500 shares of the company’s stock valued at $154,000 after purchasing an additional 866 shares in the last quarter. BlueMountain Capital Management LLC raised its stake in McCormick & Company, by 1,600.0% in the second quarter. BlueMountain Capital Management LLC now owns 1,717 shares of the company’s stock valued at $167,000 after purchasing an additional 1,616 shares in the last quarter. Dupont Capital Management Corp bought a new position in McCormick & Company, in the third quarter valued at about $173,000. IFP Advisors Inc grew its position in McCormick & Company, by 28.4% in the second quarter. IFP Advisors Inc now owns 1,784 shares of the company’s stock valued at $174,000 after acquiring an additional 395 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC bought a new position in McCormick & Company, in the third quarter valued at about $174,000. 69.38% of the stock is owned by institutional investors and hedge funds.

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

About McCormick & Company,

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.

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 Analyst Ratings Network's FREE daily email newsletter.