Nichols & Pratt Advisers LLP MA Buys 100 Shares of MCCORMICK & CO /SH NV (NYSE:MKC)

Nichols & Pratt Advisers LLP MA grew its stake in shares of MCCORMICK & CO /SH NV (NYSE:MKC) by 0.5% in the second quarter, Holdings Channel reports. The fund owned 22,204 shares of the company’s stock after acquiring an additional 100 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in MCCORMICK & CO /SH were worth $3,442,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Moseley Investment Management Inc. bought a new position in MCCORMICK & CO /SH in the 1st quarter worth approximately $1,165,000. First Trust Advisors LP boosted its holdings in MCCORMICK & CO /SH by 7.6% in the 1st quarter. First Trust Advisors LP now owns 227,046 shares of the company’s stock worth $34,200,000 after buying an additional 16,076 shares during the period. FDx Advisors Inc. boosted its holdings in MCCORMICK & CO /SH by 10.9% in the 2nd quarter. FDx Advisors Inc. now owns 2,949 shares of the company’s stock worth $457,000 after buying an additional 289 shares during the period. CIBC World Markets Inc. boosted its holdings in MCCORMICK & CO /SH by 11.9% in the 1st quarter. CIBC World Markets Inc. now owns 49,245 shares of the company’s stock worth $7,418,000 after buying an additional 5,256 shares during the period. Finally, Cognios Capital LLC boosted its holdings in MCCORMICK & CO /SH by 11.3% in the 1st quarter. Cognios Capital LLC now owns 17,683 shares of the company’s stock worth $2,663,000 after buying an additional 1,802 shares during the period. 79.90% of the stock is owned by hedge funds and other institutional investors.

NYSE MKC traded down $7.80 on Tuesday, hitting $160.76. The stock had a trading volume of 21,778 shares, compared to its average volume of 906,229. MCCORMICK & CO /SH NV has a 52-week low of $119.00 and a 52-week high of $171.10. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.35 and a current ratio of 0.79. The company has a market capitalization of $22.52 billion, a price-to-earnings ratio of 32.35, a price-to-earnings-growth ratio of 4.01 and a beta of 0.18. The firm has a 50-day moving average of $161.12 and a 200-day moving average of $150.26.

MCCORMICK & CO /SH (NYSE:MKC) last posted its earnings results on Thursday, June 27th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.07. MCCORMICK & CO /SH had a net margin of 12.73% and a return on equity of 21.42%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the company posted $1.02 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, research analysts anticipate that MCCORMICK & CO /SH NV will post 5.3 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Friday, July 5th. MCCORMICK & CO /SH’s dividend payout ratio (DPR) is currently 45.88%.

Several analysts have issued reports on MKC shares. Citigroup increased their target price on shares of MCCORMICK & CO /SH from $155.00 to $166.00 and gave the stock a “neutral” rating in a research note on Friday, June 28th. UBS Group set a $155.00 target price on shares of MCCORMICK & CO /SH and gave the stock a “hold” rating in a research note on Friday, June 28th. JPMorgan Chase & Co. cut shares of MCCORMICK & CO /SH from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $154.00 to $150.00 in a research note on Tuesday. Deutsche Bank set a $142.00 target price on shares of MCCORMICK & CO /SH and gave the stock a “hold” rating in a research note on Friday, June 28th. Finally, Zacks Investment Research upgraded shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating and set a $161.00 target price on the stock in a research note on Thursday, May 30th. One research 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. The company has an average rating of “Hold” and a consensus target price of $142.89.

In other news, VP Michael R. Smith sold 9,100 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $160.84, for a total transaction of $1,463,644.00. Following the sale, the vice president now owns 30,453 shares in the company, valued at approximately $4,898,060.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Nneka Louise Rimmer sold 2,070 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $154.02, for a total transaction of $318,821.40. Following the sale, the vice president now owns 6,209 shares in the company, valued at approximately $956,310.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,670 shares of company stock worth $2,205,490. Corporate insiders own 11.00% of the company’s stock.

MCCORMICK & CO /SH Company 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.

Featured Story: Municipal Bonds

Want to see what other hedge funds are holding MKC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MCCORMICK & CO /SH NV (NYSE:MKC).

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

Receive News & Ratings for MCCORMICK & CO /SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCCORMICK & CO /SH and related companies with MarketBeat.com's FREE daily email newsletter.