Focus Financial Network Inc. Purchases 775 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Focus Financial Network Inc. lifted its position in McCormick & Company, Incorporated (NYSE:MKC) by 15.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,721 shares of the company’s stock after acquiring an additional 775 shares during the period. Focus Financial Network Inc.’s holdings in McCormick & Company, Incorporated were worth $439,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of McCormick & Company, Incorporated in the 3rd quarter worth approximately $28,000. Albion Financial Group UT bought a new position in shares of McCormick & Company, Incorporated in the 4th quarter worth approximately $33,000. Rosenberg Matthew Hamilton bought a new position in shares of McCormick & Company, Incorporated in the 4th quarter worth approximately $38,000. Kennebec Savings Bank bought a new position in shares of McCormick & Company, Incorporated in the 3rd quarter worth approximately $40,000. Finally, Friedenthal Financial bought a new position in shares of McCormick & Company, Incorporated in the 3rd quarter worth approximately $49,000. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

Shares of MKC opened at $77.56 on Friday. The business’s fifty day simple moving average is $76.63 and its two-hundred day simple moving average is $78.39. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68. McCormick & Company, Incorporated has a 12 month low of $64.43 and a 12 month high of $85.49. The company has a market cap of $20.80 billion, a price-to-earnings ratio of 26.47, a P/E/G ratio of 3.67 and a beta of 0.75.

McCormick & Company, Incorporated (NYSE:MKC) last issued its earnings results on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.77 by $0.03. McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. Research analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.32%. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, December 30th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is currently 61.43%.

Wall Street Analyst Weigh In

MKC has been the subject of several research reports. JPMorgan Chase & Co. increased their target price on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a research report on Friday, January 24th. Barclays reduced their price objective on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. Jefferies Financial Group raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price objective for the company from $85.00 to $91.00 in a research report on Monday, December 9th. Finally, TD Cowen raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price objective for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, McCormick & Company, Incorporated presently has an average rating of “Moderate Buy” and an average target price of $83.75.

McCormick & Company, Incorporated Profile

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.