ASR Vermogensbeheer N.V. raised its stake in McCormick & Company, Incorporated (NYSE:MKC – Free Report) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,076 shares of the company’s stock after acquiring an additional 2,912 shares during the period. ASR Vermogensbeheer N.V.’s holdings in McCormick & Company, Incorporated were worth $3,645,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of MKC. Alyeska Investment Group L.P. grew its position in McCormick & Company, Incorporated by 1,360.5% during the 1st quarter. Alyeska Investment Group L.P. now owns 1,575,104 shares of the company’s stock valued at $129,647,000 after purchasing an additional 1,467,254 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in McCormick & Company, Incorporated by 28.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,135,648 shares of the company’s stock valued at $340,406,000 after purchasing an additional 920,618 shares during the last quarter. Alecta Tjanstepension Omsesidigt grew its holdings in shares of McCormick & Company, Incorporated by 94.7% during the second quarter. Alecta Tjanstepension Omsesidigt now owns 1,779,000 shares of the company’s stock valued at $134,795,000 after buying an additional 865,500 shares during the last quarter. Nuveen LLC purchased a new stake in shares of McCormick & Company, Incorporated during the first quarter valued at approximately $55,643,000. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of McCormick & Company, Incorporated during the first quarter valued at approximately $47,056,000. 79.74% of the stock is owned by hedge funds and other institutional investors.
McCormick & Company, Incorporated Stock Performance
MKC stock opened at $68.92 on Friday. The company has a market cap of $18.50 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 3.38 and a beta of 0.63. McCormick & Company, Incorporated has a 1 year low of $63.66 and a 1 year high of $86.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.68 and a quick ratio of 0.27. The stock’s fifty day moving average price is $69.02 and its 200-day moving average price is $72.94.
McCormick & Company, Incorporated Announces Dividend
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on MKC. Jefferies Financial Group cut their price target on shares of McCormick & Company, Incorporated from $90.00 to $84.00 and set a “buy” rating on the stock in a report on Monday, September 22nd. Stifel Nicolaus cut their target price on McCormick & Company, Incorporated from $82.00 to $76.00 and set a “hold” rating on the stock in a research note on Tuesday, July 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of McCormick & Company, Incorporated in a research report on Saturday, September 27th. UBS Group dropped their price objective on McCormick & Company, Incorporated from $79.00 to $71.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Citigroup dropped their price target on shares of McCormick & Company, Incorporated from $80.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, June 17th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $80.29.
Check Out Our Latest Report on MKC
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.
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