YHB Investment Advisors Inc. Sells 702 Shares of McCormick & Company, Incorporated (NYSE:MKC)

YHB Investment Advisors Inc. cut its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,581 shares of the company’s stock after selling 702 shares during the quarter. YHB Investment Advisors Inc.’s holdings in McCormick & Company, Incorporated were worth $7,727,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its position in McCormick & Company, Incorporated by 0.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 186,784 shares of the company’s stock valued at $16,293,000 after purchasing an additional 1,067 shares in the last quarter. Ossiam raised its stake in 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 buying an additional 10,393 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in McCormick & Company, Incorporated by 21.3% during the first quarter. Nisa Investment Advisors LLC now owns 66,446 shares of the company’s stock worth $5,529,000 after buying an additional 11,690 shares during the period. Jennison Associates LLC bought a new stake in McCormick & Company, Incorporated during the 2nd quarter valued at $6,800,000. Finally, Aviva PLC increased its holdings in shares of 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 acquiring an additional 238,947 shares during the period. Institutional investors own 78.15% of the company’s stock.

Insider Activity

In related news, Director Michael D. Mangan sold 5,000 shares of the 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 sale, the director now directly owns 39,181 shares of the company’s stock, valued at $3,276,707.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $83.63, for a total transaction of $418,150.00. Following the sale, the director now directly owns 39,181 shares of the company’s stock, valued at approximately $3,276,707.03. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Jeffery D. Schwartz sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $64.37, for a total value of $128,740.00. Following the sale, the vice president now owns 55,174 shares in the company, valued at $3,551,550.38. The disclosure for this sale can be found here. Insiders own 19.00% of the company’s stock.

Analysts Set New Price Targets

MKC has been the subject of several recent research reports. TheStreet lowered McCormick & Company, Incorporated from a “b-” rating to a “c+” rating in a research report on Tuesday, October 3rd. HSBC started coverage on shares of McCormick & Company, Incorporated in a report on Friday, September 22nd. They issued a “hold” rating and a $86.00 price target on the stock. StockNews.com assumed coverage on shares of McCormick & Company, Incorporated in a research note on Thursday, October 5th. They set a “hold” rating for the company. Barclays lowered their target price on shares of McCormick & Company, Incorporated from $85.00 to $74.00 in a research note on Thursday, October 5th. Finally, TD Cowen assumed coverage on McCormick & Company, Incorporated in a research report on Wednesday, September 13th. They set a “market perform” rating and a $87.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, McCormick & Company, Incorporated presently has an average rating of “Hold” and an average price target of $80.83.

McCormick & Company, Incorporated Stock Performance

MKC traded up $0.28 on Wednesday, reaching $66.59. 116,337 shares of the stock were exchanged, compared to its average volume of 1,606,011. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.67 and a quick ratio of 0.28. McCormick & Company, Incorporated has a fifty-two week low of $59.13 and a fifty-two week high of $94.39. The firm has a market capitalization of $17.87 billion, a PE ratio of 27.63, a PEG ratio of 3.47 and a beta of 0.69. The company’s 50-day moving average price is $69.15 and its 200 day moving average price is $81.11.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results on Tuesday, October 3rd. The company reported $0.65 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.65. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. McCormick & Company, Incorporated had a net margin of 9.80% and a return on equity of 14.15%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 earnings per share. As a group, sell-side analysts forecast that McCormick & Company, Incorporated will post 2.65 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.34%. McCormick & Company, Incorporated’s payout ratio is 65.00%.

McCormick & Company, Incorporated Profile

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.