Twin Tree Management LP Makes New Investment in McCormick & Company, Incorporated (NYSE:MKC)

Twin Tree Management LP purchased a new position in McCormick & Company, Incorporated (NYSE:MKC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 429 shares of the company’s stock, valued at approximately $33,000.

Other large investors have also bought and sold shares of the company. Albion Financial Group UT purchased a new position in McCormick & Company, Incorporated in the 4th quarter worth approximately $33,000. Rosenberg Matthew Hamilton purchased a new position in shares of McCormick & Company, Incorporated during the fourth quarter valued at approximately $38,000. Kentucky Trust Co purchased a new position in shares of McCormick & Company, Incorporated during the fourth quarter valued at approximately $56,000. VisionPoint Advisory Group LLC purchased a new position in shares of McCormick & Company, Incorporated during the fourth quarter valued at approximately $60,000. Finally, Sunbelt Securities Inc. increased its stake in shares of McCormick & Company, Incorporated by 35.1% during the third quarter. Sunbelt Securities Inc. now owns 873 shares of the company’s stock valued at $72,000 after buying an additional 227 shares during the period. 79.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MKC shares. JPMorgan Chase & Co. boosted 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. Barclays reduced their target price on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, January 27th. Jefferies Financial Group raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their target price for the company from $85.00 to $91.00 in a research note on Monday, December 9th. Finally, TD Cowen upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.75.

McCormick & Company, Incorporated Trading Up 0.1 %

McCormick & Company, Incorporated stock opened at $81.40 on Thursday. 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 business’s fifty day simple moving average is $78.11 and its two-hundred day simple moving average is $78.91. McCormick & Company, Incorporated has a 12 month low of $66.88 and a 12 month high of $86.24. The company has a market capitalization of $21.83 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 3.76 and a beta of 0.71.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Thursday, January 23rd. The company reported $0.80 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%. As a group, equities analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Margaret M. V. Preston sold 28,092 shares of the business’s stock in a transaction 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 sale, the director now directly owns 6,177 shares of the company’s stock, valued at approximately $475,814.31. The trade was a 81.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 23.80% of the company’s stock.

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.