Candriam S.C.A. Has $12.77 Million Stock Position in McCormick & Company, Incorporated (NYSE:MKC)

Candriam S.C.A. increased its position in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 200.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 167,554 shares of the company's stock after purchasing an additional 111,789 shares during the quarter. Candriam S.C.A. owned approximately 0.06% of McCormick & Company, Incorporated worth $12,774,000 as of its most recent SEC filing.

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

Insider Transactions at McCormick & Company, Incorporated

In other news, Director Margaret M. V. Preston sold 28,092 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $475,814.31. The trade was a 81.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.80% of the stock is currently owned by insiders.

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McCormick & Company, Incorporated Price Performance

McCormick & Company, Incorporated stock traded down $0.91 during mid-day trading on Tuesday, reaching $83.29. 3,014,513 shares of the company were exchanged, compared to its average volume of 1,830,867. The firm has a market cap of $22.33 billion, a PE ratio of 28.43, a PEG ratio of 3.76 and a beta of 0.71. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31. The company has a fifty day simple moving average of $77.25 and a 200-day simple moving average of $78.81. McCormick & Company, Incorporated has a 12 month low of $66.88 and a 12 month high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, topping 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%. As a group, equities research analysts expect 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 subject of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an "underweight" rating in a research note on Friday, January 24th. TD Cowen raised McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and upped their target price for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. Jefferies Financial Group raised McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and lifted their price target for the stock from $85.00 to $91.00 in a report on Monday, December 9th. Finally, Barclays decreased their price objective 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.