First Pacific Financial reduced its holdings in McCormick & Company, Incorporated (NYSE:MKC – Free Report) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,947 shares of the company’s stock after selling 324 shares during the quarter. First Pacific Financial’s holdings in McCormick & Company, Incorporated were worth $1,063,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Ritholtz Wealth Management raised its position in shares of McCormick & Company, Incorporated by 1.6% during the 4th quarter. Ritholtz Wealth Management now owns 19,785 shares of the company’s stock valued at $1,508,000 after buying an additional 303 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in McCormick & Company, Incorporated by 12.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 7,652 shares of the company’s stock valued at $583,000 after purchasing an additional 851 shares in the last quarter. Rockingstone Advisors LLC lifted its stake in McCormick & Company, Incorporated by 1.9% during the fourth quarter. Rockingstone Advisors LLC now owns 32,572 shares of the company’s stock worth $2,483,000 after purchasing an additional 597 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of McCormick & Company, Incorporated by 32.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 14,927 shares of the company’s stock worth $1,138,000 after purchasing an additional 3,671 shares in the last quarter. Finally, Kathmere Capital Management LLC increased its position in shares of McCormick & Company, Incorporated by 12.6% during the 4th quarter. Kathmere Capital Management LLC now owns 5,313 shares of the company’s stock valued at $405,000 after purchasing an additional 596 shares during the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.
McCormick & Company, Incorporated Price Performance
Shares of McCormick & Company, Incorporated stock opened at $73.65 on Friday. The company’s fifty day simple moving average is $76.96 and its two-hundred day simple moving average is $77.86. McCormick & Company, Incorporated has a 12-month low of $63.88 and a 12-month high of $85.49. The firm has a market cap of $19.76 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 3.07 and a beta of 0.75. The company has a quick ratio of 0.32, a current ratio of 0.71 and a debt-to-equity ratio of 0.61.
McCormick & Company, Incorporated Increases Dividend
Wall Street Analyst Weigh In
A number of analysts recently weighed in on MKC shares. Bank of America boosted their target price 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. Stifel Nicolaus upped their price objective on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the company a “hold” rating in a research note on Wednesday, October 2nd. TD Cowen upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. BNP Paribas upgraded shares of McCormick & Company, Incorporated to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, Jefferies Financial Group upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $85.00 to $91.00 in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, McCormick & Company, Incorporated has a consensus rating of “Moderate Buy” and a consensus target price of $82.63.
View Our Latest Analysis on McCormick & Company, Incorporated
Insider Buying and Selling
In related news, Director Jacques Tapiero sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $77.34, for a total transaction of $386,700.00. Following the completion of the transaction, the director now owns 28,217 shares in the company, valued at $2,182,302.78. This represents a 15.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 20,000 shares of company stock valued at $1,565,850 over the last ninety days. 22.90% of the stock is owned by insiders.
About McCormick & Company, Incorporated
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.
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