McCormick & Company, Incorporated (NYSE:MKC) Shares Purchased by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 50.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,068 shares of the company’s stock after acquiring an additional 1,358 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in McCormick & Company, Incorporated were worth $310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC boosted its position in shares of McCormick & Company, Incorporated by 11.2% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 11,153 shares of the company’s stock worth $855,000 after buying an additional 1,120 shares during the period. Callan Family Office LLC purchased a new position in McCormick & Company, Incorporated in the fourth quarter valued at about $354,000. EagleClaw Capital Managment LLC boosted its holdings in McCormick & Company, Incorporated by 3.0% in the fourth quarter. EagleClaw Capital Managment LLC now owns 36,535 shares of the company’s stock valued at $2,785,000 after purchasing an additional 1,060 shares during the last quarter. Candriam S.C.A. lifted its holdings in McCormick & Company, Incorporated by 200.5% during the 4th quarter. Candriam S.C.A. now owns 167,554 shares of the company’s stock worth $12,774,000 after buying an additional 111,789 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in McCormick & Company, Incorporated by 1.5% during the 4th quarter. Arizona State Retirement System now owns 73,249 shares of the company’s stock worth $5,585,000 after buying an additional 1,047 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Performance

Shares of McCormick & Company, Incorporated stock opened at $82.66 on Friday. The stock 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. The business has a fifty day simple moving average of $77.07 and a 200-day simple 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. McCormick & Company, Incorporated has a 12 month low of $66.88 and a 12 month high of $85.78.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 earnings per share (EPS) for the quarter, topping 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, sell-side analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MKC has been the topic of a number of research reports. Barclays dropped their price target on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an “underweight” rating in a research report on Friday, January 24th. Jefferies Financial Group upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their price target for the company from $85.00 to $91.00 in a research report on Monday, December 9th. Finally, TD Cowen raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price objective for the stock from $86.00 to $90.00 in a research note on Wednesday, January 8th. 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 given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.75.

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 firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $77.03, for a total transaction of $2,163,926.76. Following the transaction, the director now directly owns 6,177 shares in the company, valued at $475,814.31. This trade represents a 81.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 23.80% of the company’s stock.

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.