New York State Teachers Retirement System Has $15.28 Million Position in McCormick & Company, Incorporated (NYSE:MKC)

New York State Teachers Retirement System lessened its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 200,436 shares of the company's stock after selling 7,396 shares during the quarter. New York State Teachers Retirement System owned approximately 0.07% of McCormick & Company, Incorporated worth $15,281,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. lifted its position in shares of McCormick & Company, Incorporated by 16.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 136,891 shares of the company's stock worth $10,547,000 after buying an additional 19,491 shares during the last quarter. Raab & Moskowitz Asset Management LLC raised its stake in shares of McCormick & Company, Incorporated by 7.2% in the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 3,339 shares of the company's stock valued at $255,000 after acquiring an additional 225 shares in the last quarter. Jmac Enterprises LLC lifted its holdings in McCormick & Company, Incorporated by 32.4% in the 4th quarter. Jmac Enterprises LLC now owns 9,406 shares of the company's stock worth $717,000 after purchasing an additional 2,300 shares during the last quarter. Kentucky Trust Co bought a new stake in McCormick & Company, Incorporated during the fourth quarter worth approximately $56,000. Finally, Focus Financial Network Inc. boosted its position in McCormick & Company, Incorporated by 15.7% during the fourth quarter. Focus Financial Network Inc. now owns 5,721 shares of the company's stock worth $439,000 after purchasing an additional 775 shares during the period. Institutional investors own 79.74% of the company's stock.

McCormick & Company, Incorporated Stock Performance

MKC stock traded up $0.59 during trading on Thursday, reaching $79.25. 1,402,111 shares of the stock were exchanged, compared to its average volume of 1,937,561. McCormick & Company, Incorporated has a twelve month low of $65.72 and a twelve month high of $85.49. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $21.25 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 3.61 and a beta of 0.75. The stock has a 50 day simple moving average of $76.38 and a 200-day simple moving average of $78.39.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 earnings per share 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%. As a group, sell-side analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. 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 research report on Friday, January 24th. TD Cowen raised shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and boosted their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and upped their price target for the company from $85.00 to $91.00 in a report on Monday, December 9th. Finally, Barclays dropped their price objective on McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating on the stock in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, McCormick & Company, Incorporated currently has an average rating of "Moderate Buy" and an average price target of $83.75.

Insider Buying and Selling at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Margaret M. V. Preston sold 28,092 shares of McCormick & Company, Incorporated stock in a transaction that occurred 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 sale, the director now directly owns 6,177 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 23.80% of the company's stock.

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.