Sciencast Management LP Has $3.03 Million Position in McCormick & Company, Incorporated (NYSE:MKC)

Sciencast Management LP boosted its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 18.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,798 shares of the company’s stock after acquiring an additional 6,063 shares during the quarter. Sciencast Management LP’s holdings in McCormick & Company, Incorporated were worth $3,034,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Natixis Advisors LLC raised its holdings in shares of McCormick & Company, Incorporated by 12.1% in the 3rd quarter. Natixis Advisors LLC now owns 79,890 shares of the company’s stock worth $6,575,000 after buying an additional 8,636 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in McCormick & Company, Incorporated by 526.9% during the third quarter. Thrivent Financial for Lutherans now owns 83,714 shares of the company’s stock worth $6,890,000 after acquiring an additional 70,361 shares in the last quarter. Pathstone Holdings LLC raised its stake in McCormick & Company, Incorporated by 5.8% during the third quarter. Pathstone Holdings LLC now owns 57,484 shares of the company’s stock worth $4,731,000 after acquiring an additional 3,163 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of McCormick & Company, Incorporated by 3.2% during the third quarter. Caprock Group LLC now owns 12,402 shares of the company’s stock valued at $1,021,000 after acquiring an additional 381 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of McCormick & Company, Incorporated by 103.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 22,138 shares of the company’s stock valued at $1,822,000 after purchasing an additional 11,240 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Margaret M. V. Preston sold 28,092 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $475,814.31. This trade represents a 81.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.80% of the stock is owned by corporate insiders.

McCormick & Company, Incorporated Stock Performance

MKC stock opened at $80.01 on Friday. The company has a 50 day moving average price of $78.40 and a 200 day moving average price of $78.92. McCormick & Company, Incorporated has a fifty-two week low of $66.88 and a fifty-two week high of $86.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31. The stock has a market capitalization of $21.46 billion, a PE ratio of 27.31, 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. Analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Analyst Ratings Changes

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

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.