Proficio Capital Partners LLC Makes New $10.10 Million Investment in McCormick & Company, Incorporated (NYSE:MKC)

Proficio Capital Partners LLC bought a new stake in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 132,505 shares of the company's stock, valued at approximately $10,102,000.

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

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated 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 value of $2,163,926.76. Following the sale, the director now directly owns 6,177 shares in the company, valued at $475,814.31. The trade was a 81.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 23.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. TD Cowen upgraded McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and increased their target price for the stock from $86.00 to $90.00 in a report on Wednesday, January 8th. Barclays dropped their price objective on shares of 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. Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and boosted their target price for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. raised 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $83.75.

McCormick & Company, Incorporated Stock Up 2.6 %

NYSE:MKC traded up $2.12 on Monday, hitting $84.73. The stock had a trading volume of 2,234,798 shares, compared to its average volume of 2,013,505. McCormick & Company, Incorporated has a 1 year low of $66.88 and a 1 year high of $85.49. The firm's fifty day simple moving average is $76.57 and its two-hundred day simple moving average is $78.59. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. The stock has a market cap of $22.72 billion, a P/E ratio of 28.92, a price-to-earnings-growth ratio of 3.76 and a beta of 0.75.

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%. Analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Company 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.