McCollum Christoferson Group LLC Buys Shares of 34,263 McCormick & Company, Incorporated (MKC)

McCollum Christoferson Group LLC bought a new position in McCormick & Company, Incorporated (NYSE:MKC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 34,263 shares of the company’s stock, valued at approximately $3,492,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MKC. Amundi Pioneer Asset Management Inc. increased its stake in McCormick & Company, Incorporated by 81.9% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 1,629,070 shares of the company’s stock worth $167,208,000 after acquiring an additional 733,375 shares during the last quarter. Darrell & King LLC bought a new position in McCormick & Company, Incorporated in the 3rd quarter worth about $34,615,000. Koch Industries Inc. bought a new position in McCormick & Company, Incorporated in the 2nd quarter worth about $306,000. Vanguard Group Inc. increased its stake in McCormick & Company, Incorporated by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,264,131 shares of the company’s stock worth $1,195,875,000 after acquiring an additional 301,377 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in McCormick & Company, Incorporated by 153.3% in the 2nd quarter. Janus Henderson Group PLC now owns 478,259 shares of the company’s stock worth $46,638,000 after acquiring an additional 289,474 shares during the last quarter. Institutional investors and hedge funds own 76.19% of the company’s stock.

MKC has been the subject of a number of research reports. Zacks Investment Research cut McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. Jefferies Group set a $120.00 price objective on McCormick & Company, Incorporated and gave the stock a “buy” rating in a report on Monday, October 30th. Credit Suisse Group set a $115.00 price objective on McCormick & Company, Incorporated and gave the stock a “buy” rating in a report on Tuesday, December 12th. Citigroup upped their price objective on McCormick & Company, Incorporated from $100.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $103.00 price objective (up from $95.00) on shares of McCormick & Company, Incorporated in a report on Monday, October 2nd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. McCormick & Company, Incorporated presently has a consensus rating of “Hold” and a consensus price target of $106.67.

In related news, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $99.50, for a total transaction of $497,500.00. Following the completion of the sale, the director now directly owns 18,825 shares in the company, valued at approximately $1,873,087.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maritza Gomez Montiel sold 2,500 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $96.26, for a total value of $240,650.00. The disclosure for this sale can be found here. 15.30% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated (NYSE:MKC) traded up $0.26 on Thursday, hitting $102.91. The stock had a trading volume of 990,505 shares, compared to its average volume of 764,017. McCormick & Company, Incorporated has a 1 year low of $90.25 and a 1 year high of $106.50. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.47. The stock has a market cap of $13,268.69, a PE ratio of 28.43, a P/E/G ratio of 2.29 and a beta of 0.53.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a $0.52 dividend. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Thursday, December 28th. McCormick & Company, Incorporated’s dividend payout ratio is presently 57.46%.

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McCormick & Company, Incorporated Company Profile

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.

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

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