Nippon Life Insurance Co. lowered its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 14.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 15,507 shares of the company’s stock after selling 2,674 shares during the period. Nippon Life Insurance Co.’s holdings in McCormick & Company, were worth $1,513,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. State Street Corp boosted its stake in McCormick & Company, by 3.5% in the fourth quarter. State Street Corp now owns 6,887,482 shares of the company’s stock worth $642,806,000 after buying an additional 230,872 shares in the last quarter. Parnassus Investments CA boosted its stake in shares of McCormick & Company, by 13.4% in the third quarter. Parnassus Investments CA now owns 2,127,234 shares of the company’s stock valued at $212,553,000 after buying an additional 251,455 shares during the period. Norges Bank purchased a new stake in shares of McCormick & Company, during the fourth quarter valued at about $112,107,000. Analytic Investors LLC boosted its stake in shares of McCormick & Company, by 6.7% in the third quarter. Analytic Investors LLC now owns 1,194,164 shares of the company’s stock valued at $119,320,000 after buying an additional 74,974 shares during the period. Finally, Westwood Holdings Group Inc. boosted its stake in shares of McCormick & Company, by 18.8% in the fourth quarter. Westwood Holdings Group Inc. now owns 982,122 shares of the company’s stock valued at $91,662,000 after buying an additional 155,398 shares during the period. 72.99% of the stock is currently owned by institutional investors and hedge funds.

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

McCormick & Company, Incorporated (NYSE:MKC) traded down 0.04% on Friday, reaching $100.40. The company had a trading volume of 472,504 shares. The firm has a market capitalization of $12.52 billion, a P/E ratio of 27.12 and a beta of 0.48. McCormick & Company, Incorporated has a 1-year low of $88.64 and a 1-year high of $107.84. The company’s 50-day moving average price is $100.00 and its 200 day moving average price is $95.50.

McCormick & Company, (NYSE:MKC) last posted its quarterly earnings data on Tuesday, March 28th. The company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. The firm earned $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. McCormick & Company, had a net margin of 10.71% and a return on equity of 27.97%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company posted $0.74 EPS. On average, equities analysts forecast that McCormick & Company, Incorporated will post $4.08 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 24th. Investors of record on Monday, April 10th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, April 6th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.87%. McCormick & Company,’s payout ratio is currently 50.81%.

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Several equities research analysts have recently issued reports on MKC shares. Barclays PLC reaffirmed a “hold” rating and issued a $101.00 target price on shares of McCormick & Company, in a report on Friday, January 27th. Zacks Investment Research raised McCormick & Company, from a “sell” rating to a “hold” rating in a report on Monday, March 6th. Deutsche Bank AG started coverage on McCormick & Company, in a report on Wednesday, February 15th. They issued a “hold” rating and a $102.00 target price on the stock. Edward Jones raised McCormick & Company, from a “hold” rating to a “buy” rating in a report on Thursday, April 6th. Finally, JPMorgan Chase & Co. raised McCormick & Company, from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $91.00 to $96.00 in a report on Wednesday, April 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. McCormick & Company, currently has an average rating of “Hold” and an average price target of $100.89.

In related news, Director Alan D. Wilson sold 207,531 shares of the stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of $99.83, for a total transaction of $20,717,819.73. Following the completion of the transaction, the director now owns 194,552 shares of the company’s stock, valued at approximately $19,422,126.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $95.09, for a total transaction of $475,450.00. Following the transaction, the director now directly owns 16,555 shares of the company’s stock, valued at approximately $1,574,214.95. The disclosure for this sale can be found here. Company insiders own 13.70% of the company’s stock.

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.

5 Day Chart for NYSE:MKC

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