McCormick & Company, Incorporated (NYSE:MKC) Shares Purchased by Borer Denton & Associates Inc.

Borer Denton & Associates Inc. raised its stake in McCormick & Company, Incorporated (NYSE:MKC) by 1.1% during the 4th quarter, HoldingsChannel reports. The firm owned 53,998 shares of the company’s stock after acquiring an additional 569 shares during the period. McCormick & Company, Incorporated accounts for 1.4% of Borer Denton & Associates Inc.’s portfolio, making the stock its 22nd biggest position. Borer Denton & Associates Inc.’s holdings in McCormick & Company, Incorporated were worth $4,117,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of McCormick & Company, Incorporated by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,463,052 shares of the company’s stock valued at $120,409,000 after acquiring an additional 30,696 shares during the period. Raymond James Trust N.A. raised its holdings in McCormick & Company, Incorporated by 8.1% in the 3rd quarter. Raymond James Trust N.A. now owns 6,277 shares of the company’s stock valued at $517,000 after acquiring an additional 472 shares during the last quarter. Larson Financial Group LLC boosted its holdings in McCormick & Company, Incorporated by 90.5% in the third quarter. Larson Financial Group LLC now owns 2,879 shares of the company’s stock valued at $237,000 after acquiring an additional 1,368 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of McCormick & Company, Incorporated by 20.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 33,120 shares of the company’s stock worth $2,726,000 after purchasing an additional 5,609 shares during the period. Finally, Bank of Hawaii purchased a new stake in shares of McCormick & Company, Incorporated during the 3rd quarter valued at about $220,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Margaret M. V. Preston sold 28,092 shares of the business’s stock in a transaction on 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 sale, the director now owns 6,177 shares of the company’s stock, valued at $475,814.31. The trade was a 81.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 23.80% of the company’s stock.

McCormick & Company, Incorporated Stock Up 0.1 %

McCormick & Company, Incorporated stock opened at $80.39 on Wednesday. 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 firm has a market cap of $21.56 billion, a PE ratio of 27.44, a P/E/G ratio of 3.76 and a beta of 0.71. The firm’s 50 day moving average price is $78.75 and its two-hundred day moving average price is $78.85.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Tuesday, March 25th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the company posted $0.63 earnings per share. McCormick & Company, Incorporated’s quarterly revenue was up .2% on a year-over-year basis. On average, research analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.