MCCORMICK & CO /SH NV (MKC) Shares Sold by Livingston Group Asset Management CO operating as Southport Capital Management

Share on StockTwits

Livingston Group Asset Management CO operating as Southport Capital Management lowered its position in shares of MCCORMICK & CO /SH NV (NYSE:MKC) by 4.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,712 shares of the company’s stock after selling 177 shares during the quarter. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in MCCORMICK & CO /SH were worth $559,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Kistler Tiffany Companies LLC raised its holdings in shares of MCCORMICK & CO /SH by 629.2% during the first quarter. Kistler Tiffany Companies LLC now owns 350 shares of the company’s stock valued at $53,000 after acquiring an additional 302 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of MCCORMICK & CO /SH in the first quarter valued at approximately $1,948,000. BTIM Corp. increased its holdings in shares of MCCORMICK & CO /SH by 1.2% in the first quarter. BTIM Corp. now owns 148,137 shares of the company’s stock valued at $22,314,000 after purchasing an additional 1,775 shares during the last quarter. Fruth Investment Management increased its holdings in shares of MCCORMICK & CO /SH by 1.8% in the first quarter. Fruth Investment Management now owns 21,465 shares of the company’s stock valued at $3,233,000 after purchasing an additional 375 shares during the last quarter. Finally, Armstrong Henry H Associates Inc. increased its holdings in shares of MCCORMICK & CO /SH by 7.3% in the first quarter. Armstrong Henry H Associates Inc. now owns 32,944 shares of the company’s stock valued at $4,962,000 after purchasing an additional 2,250 shares during the last quarter. 80.35% of the stock is owned by institutional investors and hedge funds.

MCCORMICK & CO /SH stock traded down $1.11 during mid-day trading on Wednesday, hitting $152.09. The company’s stock had a trading volume of 3,590 shares, compared to its average volume of 1,235,851. The firm has a market capitalization of $20.46 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 3.27 and a beta of 0.26. MCCORMICK & CO /SH NV has a 1 year low of $99.53 and a 1 year high of $156.00. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.34 and a current ratio of 0.78.

MCCORMICK & CO /SH (NYSE:MKC) last released its quarterly earnings results on Tuesday, March 26th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. MCCORMICK & CO /SH had a return on equity of 21.41% and a net margin of 12.19%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the business posted $1.00 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts forecast that MCCORMICK & CO /SH NV will post 5.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, April 5th. MCCORMICK & CO /SH’s dividend payout ratio is presently 45.88%.

In other news, VP Michael R. Smith sold 9,200 shares of MCCORMICK & CO /SH stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $154.49, for a total transaction of $1,421,308.00. Following the sale, the vice president now owns 30,553 shares in the company, valued at $4,720,132.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Alan D. Wilson sold 94,400 shares of MCCORMICK & CO /SH stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $151.47, for a total value of $14,298,768.00. Following the sale, the insider now owns 206,553 shares in the company, valued at approximately $31,286,582.91. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 193,600 shares of company stock worth $28,320,076. 11.00% of the stock is owned by insiders.

Several equities research analysts recently commented on the company. Zacks Investment Research raised MCCORMICK & CO /SH from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a report on Tuesday, April 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a $150.00 price objective on shares of MCCORMICK & CO /SH in a research report on Tuesday, March 26th. Credit Suisse Group set a $108.00 price objective on MCCORMICK & CO /SH and gave the stock a “buy” rating in a research report on Thursday, December 20th. Deutsche Bank upgraded MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a research report on Friday, January 25th. Finally, Consumer Edge upgraded MCCORMICK & CO /SH from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 25th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $132.57.

COPYRIGHT VIOLATION WARNING: “MCCORMICK & CO /SH NV (MKC) Shares Sold by Livingston Group Asset Management CO operating as Southport Capital Management” was originally posted by Fairfield Current and is owned by of Fairfield Current. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://www.fairfieldcurrent.com/news/2019/04/17/mccormick-co-sh-nv-mkc-shares-sold-by-livingston-group-asset-management-co-operating-as-southport-capital-management.html.

About MCCORMICK & CO /SH

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 Article: Range Trading

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.



Leave a Reply