Sound Financial Strategies Group LLC Acquires 4,052 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Sound Financial Strategies Group LLC increased its stake in McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 56.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,185 shares of the company's stock after acquiring an additional 4,052 shares during the quarter. Sound Financial Strategies Group LLC's holdings in McCormick & Company, Incorporated were worth $853,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. International Private Wealth Advisors LLC lifted its position in shares of McCormick & Company, Incorporated by 3.9% during the 4th quarter. International Private Wealth Advisors LLC now owns 3,626 shares of the company's stock worth $276,000 after purchasing an additional 136 shares during the last quarter. Empower Advisory Group LLC lifted its position in shares of McCormick & Company, Incorporated by 1.7% during the 4th quarter. Empower Advisory Group LLC now owns 8,402 shares of the company's stock worth $641,000 after purchasing an additional 138 shares during the last quarter. Hunter Associates Investment Management LLC lifted its position in shares of McCormick & Company, Incorporated by 1.2% during the 4th quarter. Hunter Associates Investment Management LLC now owns 12,536 shares of the company's stock worth $954,000 after purchasing an additional 153 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in shares of McCormick & Company, Incorporated by 4.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 4,192 shares of the company's stock worth $320,000 after purchasing an additional 170 shares during the last quarter. Finally, Aurora Investment Counsel lifted its position in shares of McCormick & Company, Incorporated by 2.1% during the 3rd quarter. Aurora Investment Counsel now owns 8,443 shares of the company's stock worth $695,000 after purchasing an additional 172 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other news, Director Margaret M. V. Preston sold 28,092 shares of the company'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 directly owns 6,177 shares in the company, valued at approximately $475,814.31. This represents a 81.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 23.80% of the company's stock.

Analyst Upgrades and Downgrades

MKC has been the subject of several research analyst reports. TD Cowen raised McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price objective on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an "underweight" rating in a research report on Friday, January 24th. Jefferies Financial Group raised McCormick & Company, Incorporated from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. Finally, Barclays cut their price target on McCormick & Company, Incorporated from $85.00 to $82.00 and set an "equal weight" rating for the company in a report on Monday, January 27th. One equities 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $83.75.

McCormick & Company, Incorporated Stock Performance

McCormick & Company, Incorporated stock traded up $0.81 during trading hours on Friday, hitting $82.66. The stock had a trading volume of 3,602,932 shares, compared to its average volume of 2,053,480. The company has a 50-day moving average of $77.07 and a two-hundred day moving average of $78.77. The company has a quick ratio of 0.31, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. The company has a market cap of $22.17 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 3.76 and a beta of 0.71. McCormick & Company, Incorporated has a fifty-two week low of $66.88 and a fifty-two week high of $85.78.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

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.