MCCORMICK & CO /SH NV (NYSE:MKC) Shares Sold by Security National Bank of Sioux City Iowa IA

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Security National Bank of Sioux City Iowa IA cut its position in shares of MCCORMICK & CO /SH NV (NYSE:MKC) by 29.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,847 shares of the company’s stock after selling 3,290 shares during the period. MCCORMICK & CO /SH accounts for 1.4% of Security National Bank of Sioux City Iowa IA’s holdings, making the stock its 22nd biggest position. Security National Bank of Sioux City Iowa IA’s holdings in MCCORMICK & CO /SH were worth $1,226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MKC. Peninsula Asset Management Inc. raised its position in MCCORMICK & CO /SH by 1.9% during the third quarter. Peninsula Asset Management Inc. now owns 13,396 shares of the company’s stock worth $2,093,000 after acquiring an additional 256 shares during the period. Sunbelt Securities Inc. acquired a new position in MCCORMICK & CO /SH during the third quarter worth $261,000. Parametric Portfolio Associates LLC raised its position in MCCORMICK & CO /SH by 2.6% during the third quarter. Parametric Portfolio Associates LLC now owns 464,623 shares of the company’s stock worth $72,620,000 after acquiring an additional 11,688 shares during the period. California State Teachers Retirement System raised its position in MCCORMICK & CO /SH by 0.8% during the third quarter. California State Teachers Retirement System now owns 207,897 shares of the company’s stock worth $32,494,000 after acquiring an additional 1,747 shares during the period. Finally, Pictet Asset Management Ltd. raised its position in MCCORMICK & CO /SH by 0.4% during the third quarter. Pictet Asset Management Ltd. now owns 284,248 shares of the company’s stock worth $44,428,000 after acquiring an additional 1,100 shares during the period. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE MKC traded up $0.53 during mid-day trading on Wednesday, reaching $171.37. The company’s stock had a trading volume of 481,800 shares, compared to its average volume of 949,738. The stock has a 50-day moving average of $163.17 and a two-hundred day moving average of $160.63. The stock has a market capitalization of $22.50 billion, a P/E ratio of 34.48, a P/E/G ratio of 3.93 and a beta of 0.13. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.37 and a current ratio of 0.78. MCCORMICK & CO /SH NV has a 1-year low of $119.00 and a 1-year high of $171.83.

MCCORMICK & CO /SH (NYSE:MKC) last issued its earnings results on Tuesday, October 1st. The company reported $1.46 EPS for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.17. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.34 billion. MCCORMICK & CO /SH had a net margin of 13.12% and a return on equity of 21.63%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.28 earnings per share. Analysts predict that MCCORMICK & CO /SH NV will post 5.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Tuesday, December 31st will be given a dividend of $0.62 per share. This is a boost from MCCORMICK & CO /SH’s previous quarterly dividend of $0.57. This represents a $2.48 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Monday, December 30th. MCCORMICK & CO /SH’s dividend payout ratio (DPR) is presently 45.88%.

A number of equities analysts have weighed in on MKC shares. ValuEngine cut shares of MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Credit Suisse Group upped their price objective on shares of MCCORMICK & CO /SH from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. cut shares of MCCORMICK & CO /SH from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $154.00 to $150.00 in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $154.86.

In related news, VP Lisa Manzone sold 2,800 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $167.05, for a total transaction of $467,740.00. Following the completion of the sale, the vice president now directly owns 11,260 shares in the company, valued at $1,880,983. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Aaron Conway sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $168.59, for a total transaction of $842,950.00. Following the sale, the director now owns 9,501 shares of the company’s stock, valued at $1,601,773.59. The disclosure for this sale can be found here. 11.00% of the stock is currently owned by company insiders.

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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