Kathmere Capital Management LLC grew its position in McCormick & Company, Incorporated (NYSE:MKC – Free Report) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,313 shares of the company’s stock after purchasing an additional 596 shares during the quarter. Kathmere Capital Management LLC’s holdings in McCormick & Company, Incorporated were worth $405,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. boosted its position in shares of McCormick & Company, Incorporated by 98.0% in the 2nd quarter. American Century Companies Inc. now owns 46,543 shares of the company’s stock worth $3,302,000 after purchasing an additional 23,033 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in McCormick & Company, Incorporated in the second quarter valued at about $238,000. Axxcess Wealth Management LLC boosted its holdings in McCormick & Company, Incorporated by 30.6% in the second quarter. Axxcess Wealth Management LLC now owns 19,954 shares of the company’s stock worth $1,416,000 after acquiring an additional 4,677 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of McCormick & Company, Incorporated by 6.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 21,338 shares of the company’s stock worth $1,514,000 after acquiring an additional 1,350 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of McCormick & Company, Incorporated by 13.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,863 shares of the company’s stock valued at $1,480,000 after acquiring an additional 2,469 shares in the last quarter. 79.74% of the stock is owned by hedge funds and other institutional investors.
McCormick & Company, Incorporated Stock Performance
Shares of MKC stock opened at $73.65 on Friday. McCormick & Company, Incorporated has a 52-week low of $63.88 and a 52-week high of $85.49. The company has a quick ratio of 0.32, a current ratio of 0.71 and a debt-to-equity ratio of 0.61. The stock 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 business has a 50-day simple moving average of $76.96 and a 200-day simple moving average of $77.86.
McCormick & Company, Incorporated Increases Dividend
Insider Transactions at McCormick & Company, Incorporated
In related news, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $78.33, for a total transaction of $391,650.00. Following the sale, the director now directly owns 28,217 shares of the company’s stock, valued at approximately $2,210,237.61. This represents a 15.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 20,000 shares of company stock valued at $1,565,850 in the last 90 days. 22.90% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their target price for the stock from $85.00 to $91.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. dropped their price objective on shares of McCormick & Company, Incorporated from $68.00 to $66.00 and set an “underweight” rating on the stock in a report on Wednesday. TD Cowen upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their target price for the stock from $86.00 to $90.00 in a research note on Wednesday, January 8th. Bank of America boosted their price target on McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, BNP Paribas upgraded McCormick & Company, Incorporated to a “strong-buy” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.63.
Check Out Our Latest Report on MKC
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.
Recommended Stories
- Five stocks we like better than McCormick & Company, Incorporated
- What Are Growth Stocks and Investing in Them
- Cerence AI: One-Hit Wonder or Long-Term Winner After NVIDIA Pact?
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- UnitedHealth Group Pulls Back Into Another Healthy Opportunity
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Micron Technology: Riding the AI Wave to Long-Term Growth
Want to see what other hedge funds are holding MKC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McCormick & Company, Incorporated (NYSE:MKC – Free Report).
Receive News & Ratings for McCormick & Company Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McCormick & Company Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.