Bryn Mawr Capital Management LLC Grows Position in McCormick & Company, Incorporated (NYSE:MKC)

Bryn Mawr Capital Management LLC boosted its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 243.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,017 shares of the company's stock after acquiring an additional 17,734 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in McCormick & Company, Incorporated were worth $1,907,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Alberta Investment Management Corp purchased a new stake in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $1,593,000. Northcape Wealth Management LLC increased its holdings in McCormick & Company, Incorporated by 110.2% during the fourth quarter. Northcape Wealth Management LLC now owns 5,403 shares of the company's stock valued at $412,000 after buying an additional 2,832 shares during the last quarter. Cardinal Capital Management raised its position in McCormick & Company, Incorporated by 2.2% in the fourth quarter. Cardinal Capital Management now owns 93,907 shares of the company's stock worth $7,201,000 after acquiring an additional 2,056 shares during the period. D.A. Davidson & CO. boosted its stake in shares of McCormick & Company, Incorporated by 54.2% during the 4th quarter. D.A. Davidson & CO. now owns 21,973 shares of the company's stock worth $1,675,000 after acquiring an additional 7,720 shares during the last quarter. Finally, Empower Advisory Group LLC grew its position in shares of McCormick & Company, Incorporated by 1.7% during the 4th quarter. Empower Advisory Group LLC now owns 8,402 shares of the company's stock valued at $641,000 after acquiring an additional 138 shares during the period. Institutional investors own 79.74% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MKC shares. Barclays lowered their target price on McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating on the stock in a research report on Monday, January 27th. JPMorgan Chase & Co. increased their target price 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. TD Cowen raised shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and lifted their price target for the company from $86.00 to $90.00 in a report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and upped their price target for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. One equities 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $83.75.

Insider Activity at McCormick & Company, Incorporated

In other news, Director Margaret M. V. Preston sold 28,092 shares of the firm'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 value of $2,163,926.76. Following the completion of the sale, the director now directly owns 6,177 shares of the company's stock, valued at $475,814.31. This trade represents a 81.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 23.80% of the stock is owned by insiders.

McCormick & Company, Incorporated Price Performance

Shares of MKC stock traded up $1.34 during trading hours on Monday, hitting $81.48. The stock had a trading volume of 1,505,165 shares, compared to its average volume of 1,927,558. The stock's 50-day moving average price is $76.33 and its two-hundred day moving average price is $78.44. McCormick & Company, Incorporated has a one year low of $66.88 and a one year high of $85.49. The stock has a market capitalization of $21.85 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 3.76 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31.

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 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%. Equities analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

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.