Northwest & Ethical Investments L.P. Acquires 8,960 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Northwest & Ethical Investments L.P. lifted its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 90.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,910 shares of the company’s stock after acquiring an additional 8,960 shares during the period. Northwest & Ethical Investments L.P.’s holdings in McCormick & Company, Incorporated were worth $1,442,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Curio Wealth LLC bought a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth about $30,000. Twin Tree Management LP bought a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth about $33,000. Albion Financial Group UT bought a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth about $33,000. Rosenberg Matthew Hamilton bought a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth about $38,000. Finally, Kentucky Trust Co bought a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth about $56,000. 79.74% of the stock is owned by institutional investors.

Insider Buying and Selling at McCormick & Company, Incorporated

In other news, Director Margaret M. V. Preston sold 28,092 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.03, for a total transaction of $2,163,926.76. Following the completion of the sale, the director now owns 6,177 shares in the company, valued at $475,814.31. The trade was a 81.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 23.80% of the company’s stock.

McCormick & Company, Incorporated Trading Down 0.9 %

MKC opened at $80.01 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $21.46 billion, a PE ratio of 27.31, a PEG ratio of 3.76 and a beta of 0.71. McCormick & Company, Incorporated has a 1-year low of $66.88 and a 1-year high of $86.24. The firm has a 50-day moving average price of $78.40 and a two-hundred day moving average price of $78.92.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays dropped their target price on shares of 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 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 research report on Monday, December 9th. JPMorgan Chase & Co. increased their target price on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a research report on Friday, January 24th. Finally, TD Cowen upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $83.75.

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.