McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by ICW Investment Advisors LLC

ICW Investment Advisors LLC cut its position in McCormick & Company, Incorporated (NYSE:MKC) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,693 shares of the company’s stock after selling 132 shares during the quarter. ICW Investment Advisors LLC’s holdings in McCormick & Company, Incorporated were worth $1,730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,737,310 shares of the company’s stock valued at $2,419,653,000 after purchasing an additional 303,973 shares during the last quarter. Fox Run Management L.L.C. increased its position in McCormick & Company, Incorporated by 175.6% in the 4th quarter. Fox Run Management L.L.C. now owns 9,512 shares of the company’s stock valued at $725,000 after acquiring an additional 6,060 shares during the period. KLP Kapitalforvaltning AS acquired a new position in McCormick & Company, Incorporated in the 4th quarter valued at about $6,778,000. Sei Investments Co. increased its position in McCormick & Company, Incorporated by 18.1% in the 4th quarter. Sei Investments Co. now owns 161,478 shares of the company’s stock valued at $12,311,000 after acquiring an additional 24,786 shares during the period. Finally, Mizuho Securities USA LLC increased its position in McCormick & Company, Incorporated by 46.3% in the 4th quarter. Mizuho Securities USA LLC now owns 23,902 shares of the company’s stock valued at $1,822,000 after acquiring an additional 7,560 shares during the period. 79.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MKC has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price target on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a report on Friday, January 24th. TD Cowen upgraded 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 report on Wednesday, January 8th. Barclays lowered their price target on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday, January 27th. Finally, Jefferies Financial Group raised 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, McCormick & Company, Incorporated currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.75.

McCormick & Company, Incorporated Trading Down 0.9 %

Shares of MKC opened at $80.01 on Monday. 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 firm has a market capitalization of $21.46 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 3.76 and a beta of 0.71. The stock’s fifty day simple moving average is $78.40 and its 200 day simple moving average is $78.88. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.80 earnings per share (EPS) for the quarter, beating 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, equities research analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Insider Activity

In other news, Director Margaret M. V. Preston sold 28,092 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.03, for a total transaction of $2,163,926.76. Following the transaction, the director now 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 document filed with the SEC, which is accessible through this hyperlink. 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.