Andra AP fonden Boosts Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Andra AP fonden increased its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 826.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,900 shares of the company's stock after purchasing an additional 68,600 shares during the quarter. Andra AP fonden's holdings in McCormick & Company, Incorporated were worth $5,863,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MKC. Capital Performance Advisors LLP purchased a new position in shares of McCormick & Company, Incorporated in the 3rd quarter worth approximately $28,000. Albion Financial Group UT bought a new position in McCormick & Company, Incorporated in the 4th quarter valued at $33,000. Rosenberg Matthew Hamilton purchased a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at $38,000. Kennebec Savings Bank bought a new stake in shares of McCormick & Company, Incorporated during the 3rd quarter worth $40,000. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in shares of McCormick & Company, Incorporated during the 3rd quarter worth $50,000. 79.74% of the stock is owned by institutional investors.

McCormick & Company, Incorporated Stock Performance

MKC stock traded down $1.58 during midday trading on Wednesday, reaching $81.60. 2,560,024 shares of the company's stock traded hands, compared to its average volume of 1,834,192. The firm has a market capitalization of $21.88 billion, a PE ratio of 27.85, a price-to-earnings-growth ratio of 3.76 and a beta of 0.71. The company has a 50-day moving average price of $77.39 and a two-hundred day moving average price of $78.83. McCormick & Company, Incorporated has a 52 week low of $66.88 and a 52 week high of $86.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74.

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McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 earnings per share (EPS) 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%. As a group, equities analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Margaret M. V. Preston sold 28,092 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.03, for a total transaction of $2,163,926.76. Following the completion of the transaction, the director now owns 6,177 shares of the company's stock, valued at $475,814.31. This represents a 81.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 23.80% of the stock is currently owned by company 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.