Town & Country Bank & Trust CO dba First Bankers Trust CO Sells 159 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Town & Country Bank & Trust CO dba First Bankers Trust CO reduced its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 3.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,210 shares of the company’s stock after selling 159 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in McCormick & Company, Incorporated were worth $367,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of McCormick & Company, Incorporated in the first quarter worth about $803,000. Penserra Capital Management LLC bought a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth about $2,982,000. Ossiam raised its stake in shares of McCormick & Company, Incorporated by 145.7% in the first quarter. Ossiam now owns 17,528 shares of the company’s stock worth $1,459,000 after acquiring an additional 10,393 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of McCormick & Company, Incorporated by 21.3% in the first quarter. Nisa Investment Advisors LLC now owns 66,446 shares of the company’s stock worth $5,529,000 after acquiring an additional 11,690 shares during the last quarter. Finally, Aviva PLC raised its stake in shares of McCormick & Company, Incorporated by 63.7% in the first quarter. Aviva PLC now owns 614,208 shares of the company’s stock worth $51,108,000 after acquiring an additional 238,947 shares during the last quarter. 78.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on MKC shares. Bank of America raised shares of McCormick & Company, Incorporated from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $75.00 to $100.00 in a research note on Tuesday, June 6th. StockNews.com started coverage on shares of McCormick & Company, Incorporated in a research note on Thursday, August 17th. They set a “hold” rating for the company. JPMorgan Chase & Co. boosted their price target on shares of McCormick & Company, Incorporated from $66.00 to $71.00 in a research note on Thursday, July 6th. TheStreet raised shares of McCormick & Company, Incorporated from a “c+” rating to a “b-” rating in a research note on Friday, June 23rd. Finally, Barclays boosted their price target on shares of McCormick & Company, Incorporated from $77.00 to $85.00 in a research note on Sunday, July 2nd. 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 stock. Based on data from MarketBeat, McCormick & Company, Incorporated has a consensus rating of “Hold” and an average price target of $83.73.

McCormick & Company, Incorporated Stock Down 0.7 %

Shares of MKC stock traded down $0.59 during trading hours on Friday, hitting $79.79. 1,796,944 shares of the company were exchanged, compared to its average volume of 1,394,830. The business has a 50 day moving average of $84.72 and a two-hundred day moving average of $84.68. The company has a current ratio of 0.85, a quick ratio of 0.33 and a debt-to-equity ratio of 0.83. McCormick & Company, Incorporated has a 52 week low of $70.60 and a 52 week high of $94.39. The company has a market capitalization of $21.41 billion, a PE ratio of 30.81, a PEG ratio of 4.00 and a beta of 0.59.

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

McCormick & Company, Incorporated Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 24th. Investors of record on Monday, July 10th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Friday, July 7th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 60.23%.

Insider Activity at McCormick & Company, Incorporated

In related news, VP Jeffery D. Schwartz sold 2,600 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $90.02, for a total value of $234,052.00. Following the completion of the transaction, the vice president now owns 60,774 shares of the company’s stock, valued at $5,470,875.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Jeffery D. Schwartz sold 2,600 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $90.02, for a total value of $234,052.00. Following the completion of the transaction, the vice president now owns 60,774 shares of the company’s stock, valued at $5,470,875.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,200 shares of company stock valued at $1,416,530. Corporate insiders own 19.00% of the company’s stock.

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.