Roffman Miller Associates Inc. PA Increases Stock Position in McCormick & Company, Incorporated (NYSE:MKC)

Roffman Miller Associates Inc. PA lifted its stake in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 376,363 shares of the company's stock after purchasing an additional 4,731 shares during the quarter. McCormick & Company, Incorporated accounts for about 1.8% of Roffman Miller Associates Inc. PA's portfolio, making the stock its 23rd largest position. Roffman Miller Associates Inc. PA owned about 0.14% of McCormick & Company, Incorporated worth $28,694,000 as of its most recent filing with the Securities and Exchange Commission.

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

McCormick & Company, Incorporated Trading Up 2.1 %

Shares of NYSE:MKC traded up $1.65 during trading on Thursday, reaching $81.81. The stock had a trading volume of 2,370,493 shares, compared to its average volume of 2,005,713. The firm's fifty day moving average is $76.42 and its 200 day moving average is $78.51. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. McCormick & Company, Incorporated has a 52 week low of $66.88 and a 52 week high of $85.49. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 3.76 and a beta of 0.75.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last released its earnings results on Thursday, January 23rd. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. As a group, equities analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Margaret M. V. Preston sold 28,092 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.03, for a total transaction of $2,163,926.76. Following the transaction, the director now owns 6,177 shares in the company, valued at approximately $475,814.31. This represents a 81.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 23.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MKC has been the topic of a number of research reports. 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 report on Monday, December 9th. 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 report on Wednesday, January 8th. Barclays reduced 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 report on Monday, January 27th. 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 report on Friday, January 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently 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.