Callan Family Office LLC Takes $354,000 Position in McCormick & Company, Incorporated (NYSE:MKC)

Callan Family Office LLC purchased a new position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,639 shares of the company's stock, valued at approximately $354,000.

Other large investors have also modified their holdings of the company. International Private Wealth Advisors LLC increased its holdings in shares of McCormick & Company, Incorporated by 3.9% in the fourth quarter. International Private Wealth Advisors LLC now owns 3,626 shares of the company's stock valued at $276,000 after purchasing an additional 136 shares during the period. Empower Advisory Group LLC increased its holdings in McCormick & Company, Incorporated by 1.7% in the 4th quarter. Empower Advisory Group LLC now owns 8,402 shares of the company's stock worth $641,000 after buying an additional 138 shares during the period. Hunter Associates Investment Management LLC raised its position in McCormick & Company, Incorporated by 1.2% during the 4th quarter. Hunter Associates Investment Management LLC now owns 12,536 shares of the company's stock worth $954,000 after buying an additional 153 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in McCormick & Company, Incorporated by 4.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 4,192 shares of the company's stock valued at $320,000 after acquiring an additional 170 shares during the period. Finally, Aurora Investment Counsel lifted its stake in McCormick & Company, Incorporated by 2.1% during the 3rd quarter. Aurora Investment Counsel now owns 8,443 shares of the company's stock valued at $695,000 after acquiring an additional 172 shares during the period. Hedge funds and other institutional investors own 79.74% of the company's stock.

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McCormick & Company, Incorporated Price Performance

Shares of McCormick & Company, Incorporated stock traded down $1.32 on Wednesday, hitting $81.86. The company's stock had a trading volume of 1,019,205 shares, compared to its average volume of 2,100,548. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. McCormick & Company, Incorporated has a 1 year low of $66.88 and a 1 year high of $86.24. The firm has a fifty day moving average price of $77.39 and a 200-day moving average price of $78.83. The company has a market capitalization of $21.95 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 3.76 and a beta of 0.71.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, beating 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, sell-side analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MKC shares. TD Cowen raised shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and raised their target price for the stock from $86.00 to $90.00 in a report on Wednesday, January 8th. 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. Jefferies Financial Group raised McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and boosted their price objective for the company from $85.00 to $91.00 in a report on Monday, December 9th. Finally, Barclays dropped their target price 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. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, McCormick & Company, Incorporated 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 business'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 sale, the director now directly owns 6,177 shares in the company, valued at approximately $475,814.31. The trade was a 81.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.