Nicholson Wealth Management Group LLC Buys 11,935 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Nicholson Wealth Management Group LLC increased its holdings in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 164.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,174 shares of the company's stock after purchasing an additional 11,935 shares during the period. Nicholson Wealth Management Group LLC's holdings in McCormick & Company, Incorporated were worth $1,462,000 as of its most recent SEC filing.

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

McCormick & Company, Incorporated Trading Up 2.0 %

Shares of NYSE MKC traded up $1.66 during trading hours on Tuesday, hitting $82.88. 1,194,853 shares of the company traded hands, compared to its average volume of 1,953,667. The company's 50 day moving average price is $76.35 and its 200 day moving average price is $78.46. McCormick & Company, Incorporated has a 12 month low of $66.88 and a 12 month high of $85.49. The stock has a market capitalization of $22.22 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 3.76 and a beta of 0.75. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. On average, equities research analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MKC has been the topic of several research reports. TD Cowen raised McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and lifted their target price for the stock from $86.00 to $90.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price objective on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an "underweight" rating in a research note on Friday, January 24th. Jefferies Financial Group raised McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and upped their price objective for the stock from $85.00 to $91.00 in a report on Monday, December 9th. Finally, Barclays cut their target price 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, McCormick & Company, Incorporated presently has an average rating of "Moderate Buy" and a consensus price target of $83.75.

Insider Buying and Selling

In other McCormick & Company, Incorporated news, Director Margaret M. V. Preston sold 28,092 shares of the company's stock in a transaction 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 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 23.80% of the stock is currently owned by corporate insiders.

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.