Bryn Mawr Capital Management LLC Acquires 17,734 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Bryn Mawr Capital Management LLC boosted its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 243.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,017 shares of the company’s stock after buying an additional 17,734 shares during the period. Bryn Mawr Capital Management LLC’s holdings in McCormick & Company, Incorporated were worth $1,907,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MKC. Alberta Investment Management Corp bought a new position in McCormick & Company, Incorporated during the fourth quarter worth $1,593,000. Northcape Wealth Management LLC grew its position in McCormick & Company, Incorporated by 110.2% in the 4th quarter. Northcape Wealth Management LLC now owns 5,403 shares of the company’s stock worth $412,000 after purchasing an additional 2,832 shares during the last quarter. Cardinal Capital Management increased its holdings in shares of McCormick & Company, Incorporated by 2.2% during the 4th quarter. Cardinal Capital Management now owns 93,907 shares of the company’s stock worth $7,201,000 after purchasing an additional 2,056 shares during the period. D.A. Davidson & CO. increased its holdings in shares of McCormick & Company, Incorporated by 54.2% during the 4th quarter. D.A. Davidson & CO. now owns 21,973 shares of the company’s stock worth $1,675,000 after purchasing an additional 7,720 shares during the period. Finally, Empower Advisory Group LLC raised its position in shares of McCormick & Company, Incorporated by 1.7% during 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 during the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Trading Up 0.8 %

Shares of MKC opened at $79.25 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 cap of $21.25 billion, a PE ratio of 27.05, a PEG ratio of 3.61 and a beta of 0.75. McCormick & Company, Incorporated has a 1 year low of $65.72 and a 1 year high of $85.49. The stock has a 50 day simple moving average of $76.38 and a 200-day simple moving average of $78.39.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 earnings per share (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, sell-side analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Insider Buying and Selling

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 value of $2,163,926.76. Following the transaction, the director now directly owns 6,177 shares of the company’s stock, valued at $475,814.31. The trade was a 81.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MKC has been the topic of a number of recent research reports. Jefferies Financial Group raised 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 report on Monday, December 9th. Barclays lowered 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 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 company an “underweight” rating in a research note on Friday, January 24th. Finally, TD Cowen upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their price target for the stock from $86.00 to $90.00 in a research note 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.