Sound Financial Strategies Group LLC Grows Stock Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Sound Financial Strategies Group LLC raised its stake in McCormick & Company, Incorporated (NYSE:MKC) by 56.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,185 shares of the company’s stock after buying an additional 4,052 shares during the period. Sound Financial Strategies Group LLC’s holdings in McCormick & Company, Incorporated were worth $853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in McCormick & Company, Incorporated in the 3rd quarter valued at about $28,000. Albion Financial Group UT purchased a new stake in McCormick & Company, Incorporated in the 4th quarter valued at about $33,000. Kennebec Savings Bank purchased a new stake in McCormick & Company, Incorporated in the 3rd quarter valued at about $40,000. Rosenberg Matthew Hamilton purchased a new stake in McCormick & Company, Incorporated in the 4th quarter valued at about $38,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new stake in McCormick & Company, Incorporated in the 3rd quarter valued at about $50,000. 79.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 that occurred 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 23.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MKC has been the subject of several research reports. Barclays lowered their price target on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. TD Cowen raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their price target for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price target 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. Finally, Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their price target 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 issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $83.75.

McCormick & Company, Incorporated Trading Down 2.7 %

NYSE MKC opened at $82.40 on Wednesday. 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 firm has a market cap of $22.10 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.75. The company has a 50 day moving average price of $76.79 and a 200 day moving average price of $78.68. McCormick & Company, Incorporated has a 52 week low of $66.88 and a 52 week high of $85.78.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly 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, sell-side analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

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.