BRYN MAWR TRUST Co Has $7.61 Million Holdings in McCormick & Company, Incorporated (NYSE:MKC)

BRYN MAWR TRUST Co increased its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,408 shares of the company’s stock after acquiring an additional 915 shares during the period. BRYN MAWR TRUST Co’s holdings in McCormick & Company, Incorporated were worth $7,606,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of McCormick & Company, Incorporated in the 1st quarter worth about $803,000. Penserra Capital Management LLC purchased a new stake in McCormick & Company, Incorporated in the 4th quarter valued at about $2,982,000. Nisa Investment Advisors LLC increased its stake in McCormick & Company, Incorporated by 21.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 66,446 shares of the company’s stock valued at $5,529,000 after buying an additional 11,690 shares during the last quarter. Ossiam increased its stake in McCormick & Company, Incorporated by 145.7% in the 1st quarter. Ossiam now owns 17,528 shares of the company’s stock valued at $1,459,000 after buying an additional 10,393 shares during the last quarter. Finally, Aviva PLC increased its stake in McCormick & Company, Incorporated by 63.7% in the 1st quarter. Aviva PLC now owns 614,208 shares of the company’s stock valued at $51,108,000 after buying an additional 238,947 shares during the last quarter. Institutional investors and hedge funds own 78.15% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

MKC traded up $0.54 on Monday, hitting $81.24. The company’s stock had a trading volume of 140,174 shares, compared to its average volume of 1,394,093. The company’s 50 day simple moving average is $85.39 and its 200-day simple moving average is $84.56. The firm has a market cap of $21.80 billion, a P/E ratio of 31.16, a price-to-earnings-growth ratio of 4.02 and a beta of 0.59. McCormick & Company, Incorporated has a 12 month low of $70.60 and a 12 month high of $94.39. The company has a quick ratio of 0.33, a current ratio of 0.85 and a debt-to-equity ratio of 0.83.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings data on Thursday, June 29th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.67 billion. McCormick & Company, Incorporated had a net margin of 10.74% and a return on equity of 14.76%. McCormick & Company, Incorporated’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $0.48 EPS. Analysts forecast that McCormick & Company, Incorporated will post 2.66 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 24th. Shareholders of record on Monday, July 10th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.92%. The ex-dividend date was Friday, July 7th. McCormick & Company, Incorporated’s payout ratio is 60.23%.

Insider Buying and Selling at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, VP Jeffery D. Schwartz sold 3,600 shares of the firm’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $87.48, for a total value of $314,928.00. Following the completion of the transaction, the vice president now directly owns 57,174 shares of the company’s stock, valued at approximately $5,001,581.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other McCormick & Company, Incorporated news, VP Jeffery D. Schwartz sold 3,600 shares of the firm’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $87.48, for a total value of $314,928.00. Following the completion of the transaction, the vice president now directly owns 57,174 shares of the company’s stock, valued at approximately $5,001,581.52. The sale 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 firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $83.63, for a total transaction of $418,150.00. Following the completion of the transaction, the director now directly owns 39,181 shares of the company’s stock, valued at $3,276,707.03. The disclosure for this sale can be found here. Insiders sold a total of 16,200 shares of company stock valued at $1,416,530 in the last three months. Company insiders own 19.00% of the company’s stock.

Wall Street Analyst Weigh In

MKC has been the subject of several analyst reports. TheStreet upgraded shares of McCormick & Company, Incorporated from a “c+” rating to a “b-” rating in a research note on Friday, June 23rd. Bank of America upgraded shares of McCormick & Company, Incorporated from an “underperform” rating to a “buy” rating and increased their price objective for the company from $75.00 to $100.00 in a research note on Tuesday, June 6th. StockNews.com initiated coverage on shares of McCormick & Company, Incorporated in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Barclays increased their price objective on shares of McCormick & Company, Incorporated from $77.00 to $85.00 in a research note on Sunday, July 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of McCormick & Company, Incorporated from $66.00 to $71.00 in a research report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $83.40.

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.