Robeco Institutional Asset Management B.V. Has $88.41 Million Position in MCCORMICK & CO /SH NV (NYSE:MKC)

Robeco Institutional Asset Management B.V. lessened its position in MCCORMICK & CO /SH NV (NYSE:MKC) by 0.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 570,361 shares of the company’s stock after selling 141 shares during the period. Robeco Institutional Asset Management B.V. owned 0.43% of MCCORMICK & CO /SH worth $88,411,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Private Ocean LLC acquired a new stake in shares of MCCORMICK & CO /SH in the first quarter valued at about $27,000. Winslow Evans & Crocker Inc. acquired a new stake in shares of MCCORMICK & CO /SH in the first quarter valued at about $36,000. Glassman Wealth Services increased its stake in shares of MCCORMICK & CO /SH by 43.7% in the first quarter. Glassman Wealth Services now owns 240 shares of the company’s stock valued at $36,000 after buying an additional 73 shares during the period. Ascent Wealth Partners LLC acquired a new stake in shares of MCCORMICK & CO /SH in the first quarter valued at about $41,000. Finally, Farmers National Bank acquired a new stake in shares of MCCORMICK & CO /SH in the first quarter valued at about $45,000. 79.59% of the stock is owned by institutional investors and hedge funds.

Shares of MKC stock traded down $2.74 during trading hours on Wednesday, reaching $158.61. The company had a trading volume of 15,028 shares, compared to its average volume of 645,194. MCCORMICK & CO /SH NV has a 12 month low of $116.36 and a 12 month high of $163.70. The company has a current ratio of 0.79, a quick ratio of 0.35 and a debt-to-equity ratio of 1.18. The firm has a fifty day moving average of $157.88. The company has a market capitalization of $21.54 billion, a P/E ratio of 31.65, a price-to-earnings-growth ratio of 3.83 and a beta of 0.21.

MCCORMICK & CO /SH (NYSE:MKC) last posted its earnings results on Thursday, June 27th. The company reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.07. MCCORMICK & CO /SH had a return on equity of 21.42% and a net margin of 12.73%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company earned $1.02 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. As a group, equities research analysts predict that MCCORMICK & CO /SH NV will post 5.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were given a $0.57 dividend. The ex-dividend date was Friday, July 5th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.44%. MCCORMICK & CO /SH’s dividend payout ratio is currently 45.88%.

In other news, Director Margaret M. V. Preston sold 3,865 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $154.31, for a total value of $596,408.15. Following the sale, the director now directly owns 30,674 shares of the company’s stock, valued at approximately $4,733,304.94. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Michael R. Smith sold 9,100 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $160.84, for a total value of $1,463,644.00. Following the completion of the sale, the vice president now directly owns 30,453 shares in the company, valued at $4,898,060.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,035 shares of company stock worth $2,378,874. Insiders own 11.00% of the company’s stock.

MKC has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on MCCORMICK & CO /SH from $143.00 to $148.00 and gave the company a “neutral” rating in a research note on Friday, June 28th. Deutsche Bank set a $142.00 price target on MCCORMICK & CO /SH and gave the stock a “hold” rating in a report on Friday, June 28th. Citigroup increased their price target on MCCORMICK & CO /SH from $155.00 to $166.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. UBS Group set a $155.00 price target on MCCORMICK & CO /SH and gave the stock a “hold” rating in a report on Friday, June 28th. Finally, Zacks Investment Research upgraded MCCORMICK & CO /SH from a “sell” rating to a “hold” rating and set a $161.00 price target on the stock in a report on Thursday, May 30th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $142.67.

MCCORMICK & CO /SH Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. 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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