Maryland State Retirement & Pension System Sells 435 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Maryland State Retirement & Pension System trimmed its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 3.0% in the fourth quarter, Holdings Channel reports. The fund owned 13,942 shares of the company’s stock after selling 435 shares during the period. Maryland State Retirement & Pension System’s holdings in McCormick & Company, Incorporated were worth $1,063,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MKC. International Private Wealth Advisors LLC grew its position in shares of McCormick & Company, Incorporated by 3.9% in the 4th quarter. International Private Wealth Advisors LLC now owns 3,626 shares of the company’s stock valued at $276,000 after purchasing an additional 136 shares during the period. Empower Advisory Group LLC lifted its stake in McCormick & Company, Incorporated by 1.7% in the fourth quarter. Empower Advisory Group LLC now owns 8,402 shares of the company’s stock valued at $641,000 after buying an additional 138 shares in the last quarter. Hunter Associates Investment Management LLC increased its position in shares of McCormick & Company, Incorporated by 1.2% during the fourth quarter. Hunter Associates Investment Management LLC now owns 12,536 shares of the company’s stock worth $954,000 after acquiring an additional 153 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in McCormick & Company, Incorporated by 3.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,595 shares of the company’s stock worth $427,000 after purchasing an additional 169 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its stake in McCormick & Company, Incorporated by 4.2% in the 4th quarter. Kingsview Wealth Management LLC now owns 4,192 shares of the company’s stock valued at $320,000 after acquiring an additional 170 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated Stock Down 0.9 %

MKC stock opened at $80.01 on Monday. McCormick & Company, Incorporated has a 1-year low of $66.88 and a 1-year high of $86.24. The business’s 50 day simple moving average is $78.40 and its 200 day simple moving average is $78.88. 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 firm 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 (NYSE:MKC) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 EPS 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, research analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on MKC. Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their target price for the company from $85.00 to $91.00 in a research report on Monday, December 9th. Barclays decreased their price objective on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, January 27th. JPMorgan Chase & Co. upped their target price on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a report on Friday, January 24th. Finally, TD Cowen raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their price target for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $83.75.

Insider Activity at McCormick & Company, Incorporated

In related 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 stock was 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 directly owns 6,177 shares of the company’s stock, valued at approximately $475,814.31. This trade represents a 81.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 23.80% of the stock is owned by company insiders.

McCormick & Company, Incorporated 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.