DJE Kapital AG Makes New Investment in McCormick & Company, Incorporated (NYSE:MKC)

DJE Kapital AG purchased a new position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 56,100 shares of the company's stock, valued at approximately $4,228,000.

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

Insider Activity

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 transaction, the director now owns 6,177 shares in the company, valued at $475,814.31. The trade was a 81.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 23.80% of the company's stock.

McCormick & Company, Incorporated Trading Up 2.6 %

NYSE MKC traded up $2.12 during trading hours on Monday, hitting $84.73. 2,234,798 shares of the company were exchanged, compared to its average volume of 2,013,505. McCormick & Company, Incorporated has a 52 week low of $66.88 and a 52 week high of $85.49. The company has a quick ratio of 0.31, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $76.57 and a 200 day moving average price of $78.59. The stock has a market cap of $22.72 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 3.76 and a beta of 0.75.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released its earnings results on Thursday, January 23rd. The company reported $0.80 earnings per share 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%. Analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

McCormick & Company, Incorporated 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.