Mn Services Vermogensbeheer B.V. Has $7.48 Million Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Mn Services Vermogensbeheer B.V. grew its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 1.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 98,090 shares of the company’s stock after acquiring an additional 1,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in McCormick & Company, Incorporated were worth $7,478,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MKC. International Assets Investment Management LLC lifted its holdings in shares of McCormick & Company, Incorporated by 7,350.5% during the 3rd quarter. International Assets Investment Management LLC now owns 91,865 shares of the company’s stock valued at $7,560,000 after buying an additional 90,632 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of McCormick & Company, Incorporated by 2.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 50,897 shares of the company’s stock valued at $4,212,000 after buying an additional 1,150 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of McCormick & Company, Incorporated by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 29,252 shares of the company’s stock valued at $2,407,000 after buying an additional 1,985 shares during the last quarter. Integrated Advisors Network LLC lifted its holdings in shares of McCormick & Company, Incorporated by 22.1% during the 3rd quarter. Integrated Advisors Network LLC now owns 3,796 shares of the company’s stock valued at $312,000 after buying an additional 686 shares during the last quarter. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of McCormick & Company, Incorporated by 3.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,365 shares of the company’s stock valued at $771,000 after buying an additional 340 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. 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 note on Monday, December 9th. JPMorgan Chase & Co. raised their price objective on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an “underweight” rating in a research note on Friday, January 24th. 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 note on Wednesday, January 8th. Finally, Barclays cut their price objective on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.75.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE MKC opened at $82.67 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average is $76.57 and its two-hundred day moving average is $78.58. The company has a market cap of $22.17 billion, a P/E ratio of 28.22, a P/E/G ratio of 3.76 and a beta of 0.75. McCormick & Company, Incorporated has a 12 month low of $66.88 and a 12 month high of $85.49.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, topping 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%. On average, equities analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Insider Activity

In other news, Director Margaret M. V. Preston sold 28,092 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.03, for a total transaction of $2,163,926.76. Following the sale, the director now directly owns 6,177 shares in the company, valued at approximately $475,814.31. The trade was a 81.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 23.80% of the stock is currently owned by company insiders.

McCormick & Company, Incorporated Company 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.