McCormick & Company, Incorporated (NYSE:MKC) Shares Purchased by HFR Wealth Management LLC

HFR Wealth Management LLC boosted its stake in McCormick & Company, Incorporated (NYSE:MKC) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,823 shares of the company’s stock after acquiring an additional 232 shares during the period. McCormick & Company, Incorporated accounts for about 2.5% of HFR Wealth Management LLC’s holdings, making the stock its 22nd biggest position. HFR Wealth Management LLC’s holdings in McCormick & Company, Incorporated were worth $10,050,000 as of its most recent filing with the Securities & Exchange Commission.

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

McCormick & Company, Incorporated Price Performance

Shares of NYSE:MKC opened at $84.73 on Tuesday. The business’s 50 day simple moving average is $76.70 and its 200-day simple moving average is $78.65. The firm has a market capitalization of $22.72 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 3.76 and a beta of 0.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31. McCormick & Company, Incorporated has a 12 month low of $66.88 and a 12 month high of $85.49.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.80 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%. As a group, equities analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Insider Transactions at McCormick & Company, Incorporated

In related news, Director Margaret M. V. Preston sold 28,092 shares of McCormick & Company, Incorporated stock in a transaction that occurred on 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 completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 23.80% of the company’s stock.

Analysts Set New Price Targets

MKC has been the topic of several recent 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 objective on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an “underweight” rating in a report on Friday, January 24th. TD Cowen raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their price objective 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 lifted their price objective for the company from $85.00 to $91.00 in a 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $83.75.

About McCormick & Company, Incorporated

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.