Steward Partners Investment Advisory LLC Acquires 494 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Steward Partners Investment Advisory LLC lifted its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 23,244 shares of the company’s stock after purchasing an additional 494 shares during the period. Steward Partners Investment Advisory LLC’s holdings in McCormick & Company, Incorporated were worth $1,772,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of McCormick & Company, Incorporated in the third quarter worth $28,000. Albion Financial Group UT bought a new stake in shares of McCormick & Company, Incorporated in the fourth quarter worth $33,000. Rosenberg Matthew Hamilton bought a new stake in shares of McCormick & Company, Incorporated in the fourth quarter worth $38,000. Kennebec Savings Bank bought a new stake in shares of McCormick & Company, Incorporated in the third quarter worth $40,000. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in shares of McCormick & Company, Incorporated in the third quarter worth $50,000. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Price Performance

NYSE:MKC opened at $82.66 on Friday. McCormick & Company, Incorporated has a one year low of $66.88 and a one year high of $85.78. The company has a market cap of $22.17 billion, a P/E ratio of 28.21, a P/E/G ratio of 3.76 and a beta of 0.71. The firm’s fifty day moving average price is $77.07 and its two-hundred day moving average price is $78.77. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31.

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%. Equities analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Insider Buying and Selling at McCormick & Company, Incorporated

In related news, Director Margaret M. V. Preston sold 28,092 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were 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 in the company, valued at approximately $475,814.31. This represents a 81.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MKC shares. JPMorgan Chase & Co. boosted their price objective 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. TD Cowen raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their price target for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their price target for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. Finally, Barclays dropped their price target on shares of 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.