Signal Advisors Wealth LLC Acquires 410 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Signal Advisors Wealth LLC boosted its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 9.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,639 shares of the company’s stock after acquiring an additional 410 shares during the quarter. Signal Advisors Wealth LLC’s holdings in McCormick & Company, Incorporated were worth $356,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of McCormick & Company, Incorporated during the third quarter worth $28,000. Strategic Investment Solutions Inc. IL bought a new stake in McCormick & Company, Incorporated during the 2nd quarter valued at about $39,000. Kennebec Savings Bank purchased a new stake in McCormick & Company, Incorporated in the 3rd quarter valued at about $40,000. Friedenthal Financial bought a new position in McCormick & Company, Incorporated in the 3rd quarter worth about $49,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in shares of McCormick & Company, Incorporated during the third quarter worth approximately $50,000. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

Shares of MKC opened at $71.73 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.32 and a debt-to-equity ratio of 0.61. The firm has a market cap of $19.25 billion, a PE ratio of 24.40, a P/E/G ratio of 3.44 and a beta of 0.75. McCormick & Company, Incorporated has a 12 month low of $63.88 and a 12 month high of $85.49. The stock has a fifty day moving average price of $77.05 and a 200-day moving average price of $77.90.

McCormick & Company, Incorporated Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 30th were paid a $0.45 dividend. The ex-dividend date was Monday, December 30th. This is a boost from McCormick & Company, Incorporated’s previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a yield of 2.51%. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 61.22%.

Insiders Place Their Bets

In related news, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $78.33, for a total value of $391,650.00. Following the completion of the transaction, the director now directly owns 28,217 shares of the company’s stock, valued at $2,210,237.61. This trade represents a 15.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 20,000 shares of company stock valued at $1,565,850. 22.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on McCormick & Company, Incorporated from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. Bank of America increased their price target on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. TD Cowen upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their price objective for the company from $86.00 to $90.00 in a report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their target price for the stock from $85.00 to $91.00 in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. cut their target price on shares of McCormick & Company, Incorporated from $68.00 to $66.00 and set an “underweight” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.63.

McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts.