McCormick & Company, Incorporated (NYSE:MKC) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 9,283.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 367,253 shares of the company's stock after acquiring an additional 363,339 shares during the period. Teacher Retirement System of Texas owned about 0.14% of McCormick & Company, Incorporated worth $27,999,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MKC. Curio Wealth LLC acquired a new stake in shares of McCormick & Company, Incorporated during the fourth quarter worth $30,000. Twin Tree Management LP acquired a new stake in McCormick & Company, Incorporated in the 4th quarter worth about $33,000. Albion Financial Group UT acquired a new stake in McCormick & Company, Incorporated in the 4th quarter worth about $33,000. Rosenberg Matthew Hamilton purchased a new stake in McCormick & Company, Incorporated in the 4th quarter valued at about $38,000. Finally, Kentucky Trust Co acquired a new position in shares of McCormick & Company, Incorporated during the 4th quarter valued at about $56,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at McCormick & Company, Incorporated

In related news, Director Margaret M. V. Preston sold 28,092 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $475,814.31. The trade was a 81.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.80% of the stock is owned by corporate insiders.

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McCormick & Company, Incorporated Trading Up 0.1 %

Shares of McCormick & Company, Incorporated stock traded up $0.05 during trading hours on Tuesday, hitting $80.39. The company's stock had a trading volume of 6,272,302 shares, compared to its average volume of 1,831,128. The business has a fifty day moving average of $78.58 and a 200 day moving average of $78.87. McCormick & Company, Incorporated has a 1-year low of $66.88 and a 1-year high of $86.24. 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 company has a market capitalization of $21.56 billion, a PE ratio of 27.44, a P/E/G ratio of 3.76 and a beta of 0.71.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its quarterly earnings results on Tuesday, March 25th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.61 billion. McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 earnings per share. As a group, equities analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Wall Street Analysts Forecast Growth

MKC has been the topic of several research analyst reports. Barclays decreased their target price on shares of 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. lifted their price target on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an "underweight" rating in a report on Friday, January 24th. TD Cowen upgraded McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and upped their price objective for the stock from $86.00 to $90.00 in a report on Wednesday, January 8th. Finally, Jefferies Financial Group raised McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and increased their target price 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 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $83.75.

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.