McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc reduced its position in McCormick & Company, Incorporated (NYSE:MKC) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 682,968 shares of the company’s stock after selling 48,716 shares during the quarter. Impax Asset Management Group plc owned about 0.25% of McCormick & Company, Incorporated worth $52,069,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Crestwood Advisors Group LLC boosted its stake in shares of McCormick & Company, Incorporated by 0.3% during the 4th quarter. Crestwood Advisors Group LLC now owns 569,234 shares of the company’s stock valued at $43,398,000 after buying an additional 1,472 shares during the last quarter. Roffman Miller Associates Inc. PA lifted its position in McCormick & Company, Incorporated by 1.3% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 376,363 shares of the company’s stock valued at $28,694,000 after purchasing an additional 4,731 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of McCormick & Company, Incorporated during the fourth quarter worth approximately $374,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of McCormick & Company, Incorporated by 3.0% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 47,844 shares of the company’s stock valued at $3,648,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Sigma Planning Corp raised its holdings in McCormick & Company, Incorporated by 22.2% during the fourth quarter. Sigma Planning Corp now owns 5,562 shares of the company’s stock worth $424,000 after purchasing an additional 1,009 shares in the last quarter. 79.74% of the stock is currently owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Stock Performance

Shares of NYSE MKC opened at $80.15 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31. The firm has a market cap of $21.49 billion, a price-to-earnings ratio of 27.36, a P/E/G ratio of 3.76 and a beta of 0.75. McCormick & Company, Incorporated has a one year low of $65.72 and a one year high of $85.49. The stock’s fifty day moving average price is $76.33 and its two-hundred day moving average price is $78.44.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data 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 net margin of 11.73% and a return on equity of 14.89%. On average, equities analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

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 dated Thursday, February 13th. The shares were sold at an average price of $77.03, for a total value of $2,163,926.76. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MKC. Barclays decreased their price objective 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. JPMorgan Chase & Co. increased 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. TD Cowen upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their price target for the company from $86.00 to $90.00 in a report on Wednesday, January 8th. Finally, 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. One equities 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.75.

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.