NS Partners Ltd Sells 5,420 Shares of McCormick & Company, Incorporated (NYSE:MKC)

NS Partners Ltd lowered its position in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 254,702 shares of the company's stock after selling 5,420 shares during the period. NS Partners Ltd owned approximately 0.09% of McCormick & Company, Incorporated worth $19,418,000 as of its most recent SEC filing.

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

McCormick & Company, Incorporated Trading Down 1.3 %

Shares of NYSE:MKC traded down $1.07 during midday trading on Tuesday, reaching $83.12. The company had a trading volume of 970,770 shares, compared to its average volume of 1,822,936. The company has a fifty day simple moving average of $77.25 and a two-hundred day simple moving average of $78.81. The firm has a market cap of $22.29 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 3.76 and a beta of 0.71. McCormick & Company, Incorporated has a 1-year low of $66.88 and a 1-year high of $86.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74.

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McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released its quarterly earnings data 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%. Research analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Insiders Place Their Bets

In other McCormick & Company, Incorporated 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 sale, the director now 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 filing with the SEC, which is available through this link. Insiders own 23.80% of the company's stock.

Analyst Ratings Changes

MKC has been the subject of a number of recent analyst reports. TD Cowen upgraded McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and raised their price objective for the company from $86.00 to $90.00 in a research note on Wednesday, January 8th. Barclays dropped their price target on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating for the company in a research note 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 company from $85.00 to $91.00 in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. boosted 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 report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.