Bradley Foster & Sargent Inc. CT Sells 4,369 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Bradley Foster & Sargent Inc. CT lowered its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 1.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 334,028 shares of the company's stock after selling 4,369 shares during the quarter. Bradley Foster & Sargent Inc. CT owned about 0.12% of McCormick & Company, Incorporated worth $25,466,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Wallington Asset Management LLC increased its holdings in McCormick & Company, Incorporated by 3.4% in the third quarter. Wallington Asset Management LLC now owns 4,136 shares of the company's stock valued at $340,000 after purchasing an additional 136 shares during the period. International Private Wealth Advisors LLC grew its position in shares of McCormick & Company, Incorporated by 3.9% in the 4th quarter. International Private Wealth Advisors LLC now owns 3,626 shares of the company's stock valued at $276,000 after buying an additional 136 shares during the last quarter. Empower Advisory Group LLC increased its stake in shares of McCormick & Company, Incorporated by 1.7% in the fourth quarter. Empower Advisory Group LLC now owns 8,402 shares of the company's stock valued at $641,000 after buying an additional 138 shares during the period. Hunter Associates Investment Management LLC raised its position in shares of McCormick & Company, Incorporated by 1.2% during the fourth quarter. Hunter Associates Investment Management LLC now owns 12,536 shares of the company's stock worth $954,000 after acquiring an additional 153 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its position in shares of McCormick & Company, Incorporated by 4.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 4,192 shares of the company's stock worth $320,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 79.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MKC. Barclays reduced 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. Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and increased their price objective for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. TD Cowen raised shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and upped their price target for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. Finally, 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 report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, McCormick & Company, Incorporated currently has an average rating of "Moderate Buy" and an average target price of $83.75.

Insider Transactions at McCormick & Company, Incorporated

In related news, Director Margaret M. V. Preston sold 28,092 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.03, for a total value of $2,163,926.76. Following the sale, the director now owns 6,177 shares in the company, valued at $475,814.31. This represents a 81.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 23.80% of the stock is owned by insiders.

McCormick & Company, Incorporated Stock Up 1.9 %

NYSE:MKC traded up $1.54 during trading hours on Tuesday, reaching $82.76. The company had a trading volume of 2,496,844 shares, compared to its average volume of 1,991,822. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month 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 firm has a market cap of $22.19 billion, a price-to-earnings ratio of 28.25, a P/E/G ratio of 3.76 and a beta of 0.75. The business's 50-day simple moving average is $76.35 and its two-hundred day simple moving average is $78.46.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued its earnings results 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%. On average, equities analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

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.