Curio Wealth LLC Makes New Investment in McCormick & Company, Incorporated (NYSE:MKC)

Curio Wealth LLC bought a new position in McCormick & Company, Incorporated (NYSE:MKC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 400 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. grew its stake in shares of McCormick & Company, Incorporated by 165.5% during the 3rd quarter. Assetmark Inc. now owns 754 shares of the company’s stock valued at $62,000 after buying an additional 470 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of McCormick & Company, Incorporated by 24.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,888 shares of the company’s stock valued at $485,000 after buying an additional 1,144 shares during the period. KBC Group NV grew its stake in shares of McCormick & Company, Incorporated by 29.6% during the 3rd quarter. KBC Group NV now owns 37,852 shares of the company’s stock valued at $3,115,000 after buying an additional 8,638 shares during the period. CIBC Asset Management Inc grew its stake in shares of McCormick & Company, Incorporated by 8.2% during the 3rd quarter. CIBC Asset Management Inc now owns 36,738 shares of the company’s stock valued at $3,024,000 after buying an additional 2,794 shares during the period. Finally, Natixis Advisors LLC grew its stake in shares of McCormick & Company, Incorporated by 12.1% during the 3rd quarter. Natixis Advisors LLC now owns 79,890 shares of the company’s stock valued at $6,575,000 after buying an additional 8,636 shares during the period. 79.74% of the stock is owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Price Performance

Shares of NYSE:MKC opened at $81.90 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. McCormick & Company, Incorporated has a fifty-two week low of $66.88 and a fifty-two week high of $86.24. The firm has a 50-day simple moving average of $77.83 and a 200 day simple moving average of $78.89. The company has a market cap of $21.96 billion, a PE ratio of 27.95, a P/E/G ratio of 3.76 and a beta of 0.71.

McCormick & Company, Incorporated (NYSE:MKC) last posted 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 net margin of 11.73% and a return on equity of 14.89%. On average, sell-side analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Analyst Ratings Changes

MKC has been the subject of a number of research reports. 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. Barclays cut their target price on shares of 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 upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their target price for the company from $85.00 to $91.00 in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an “underweight” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, McCormick & Company, Incorporated currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.75.

Insiders Place Their Bets

In other McCormick & Company, Incorporated 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 completion of the transaction, the director now owns 6,177 shares in the company, valued at approximately $475,814.31. This represents a 81.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 23.80% of the stock is owned by insiders.

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.