McCormick & Company, Incorporated (NYSE:MKC) Stock Holdings Reduced by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in McCormick & Company, Incorporated (NYSE:MKC) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,623 shares of the company’s stock after selling 1,238 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in McCormick & Company, Incorporated were worth $4,088,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MKC. Pathstone Holdings LLC grew its stake in McCormick & Company, Incorporated by 5.8% in the third quarter. Pathstone Holdings LLC now owns 57,484 shares of the company’s stock valued at $4,731,000 after purchasing an additional 3,163 shares in the last quarter. Advisors Asset Management Inc. grew its stake in McCormick & Company, Incorporated by 103.1% in the third quarter. Advisors Asset Management Inc. now owns 22,138 shares of the company’s stock valued at $1,822,000 after purchasing an additional 11,240 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in McCormick & Company, Incorporated by 33.7% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 78,171 shares of the company’s stock valued at $6,433,000 after purchasing an additional 19,692 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in McCormick & Company, Incorporated by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,463,052 shares of the company’s stock valued at $120,409,000 after purchasing an additional 30,696 shares in the last quarter. Finally, Raymond James Trust N.A. grew its stake in McCormick & Company, Incorporated by 8.1% in the third quarter. Raymond James Trust N.A. now owns 6,277 shares of the company’s stock valued at $517,000 after purchasing an additional 472 shares in the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Price Performance

NYSE MKC opened at $80.01 on Monday. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. The stock has a market capitalization of $21.46 billion, a PE ratio of 27.31, a P/E/G ratio of 3.76 and a beta of 0.71. The stock has a 50-day simple moving average of $78.40 and a 200 day simple moving average of $78.88.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 earnings per share 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%. Research analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MKC. JPMorgan Chase & Co. boosted their price target 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. TD Cowen raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their price target for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. Barclays reduced their price target on 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. Finally, Jefferies Financial Group raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their price target for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, McCormick & Company, Incorporated presently has a consensus rating of “Moderate Buy” and an average 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 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 completion of the transaction, the director now owns 6,177 shares of the company’s stock, valued at $475,814.31. This represents a 81.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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.