Visionary Asset Management Inc. Has $431,000 Stake in MCCORMICK & CO /SH NV (MKC)

Visionary Asset Management Inc. trimmed its position in MCCORMICK & CO /SH NV (NYSE:MKC) by 23.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,081 shares of the company’s stock after selling 956 shares during the quarter. Visionary Asset Management Inc.’s holdings in MCCORMICK & CO /SH were worth $431,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Callahan Advisors LLC acquired a new stake in shares of MCCORMICK & CO /SH in the 3rd quarter valued at $550,000. Vanguard Group Inc. grew its position in shares of MCCORMICK & CO /SH by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,463,310 shares of the company’s stock valued at $1,773,790,000 after buying an additional 79,040 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of MCCORMICK & CO /SH by 14.2% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 13,950 shares of the company’s stock valued at $1,838,000 after buying an additional 1,734 shares during the last quarter. Korea Investment CORP grew its position in shares of MCCORMICK & CO /SH by 74.7% in the 3rd quarter. Korea Investment CORP now owns 1,859 shares of the company’s stock valued at $245,000 after buying an additional 795 shares during the last quarter. Finally, Three Peaks Capital Management LLC purchased a new position in shares of MCCORMICK & CO /SH in the 3rd quarter valued at $3,240,000. Institutional investors and hedge funds own 77.79% of the company’s stock.

In other MCCORMICK & CO /SH news, Chairman Lawrence Erik Kurzius sold 51,300 shares of the firm’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $142.01, for a total transaction of $7,285,113.00. Following the transaction, the chairman now directly owns 114,459 shares of the company’s stock, valued at approximately $16,254,322.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alan D. Wilson sold 111,000 shares of the firm’s stock in a transaction on Friday, October 19th. The stock was sold at an average price of $140.59, for a total transaction of $15,605,490.00. Following the transaction, the insider now directly owns 218,644 shares in the company, valued at $30,739,159.96. The disclosure for this sale can be found here. Insiders have sold a total of 217,200 shares of company stock worth $30,747,866 over the last three months. 19.20% of the stock is currently owned by insiders.

MCCORMICK & CO /SH stock traded down $1.64 during midday trading on Friday, hitting $139.24. 32,234 shares of the company’s stock were exchanged, compared to its average volume of 1,245,695. MCCORMICK & CO /SH NV has a 12-month low of $98.34 and a 12-month high of $156.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.36 and a current ratio of 0.79. The company has a market capitalization of $18.47 billion, a P/E ratio of 32.68, a PEG ratio of 2.90 and a beta of 0.44.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 14th. Shareholders of record on Monday, December 31st will be given a dividend of $0.57 per share. This is an increase from MCCORMICK & CO /SH’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a yield of 1.64%. The ex-dividend date is Friday, December 28th. MCCORMICK & CO /SH’s dividend payout ratio (DPR) is presently 53.52%.

A number of research analysts recently commented on MKC shares. Credit Suisse Group set a $108.00 target price on shares of MCCORMICK & CO /SH and gave the company a “buy” rating in a research report on Thursday, December 20th. Barclays reaffirmed a “hold” rating and issued a $129.00 target price on shares of MCCORMICK & CO /SH in a research report on Sunday, September 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $150.00 target price on shares of MCCORMICK & CO /SH in a research report on Wednesday, October 3rd. Zacks Investment Research raised shares of MCCORMICK & CO /SH from a “hold” rating to a “buy” rating and set a $168.00 target price on the stock in a research report on Monday, December 3rd. Finally, UBS Group set a $130.00 target price on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a research report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $127.00.

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About MCCORMICK & CO /SH

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates through two segments, Consumer and Industrial. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

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Institutional Ownership by Quarter for MCCORMICK & CO /SH (NYSE:MKC)

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