McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by NS Partners Ltd

NS Partners Ltd reduced its position in McCormick & Company, Incorporated (NYSE:MKC) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 254,702 shares of the company’s stock after selling 5,420 shares during the quarter. NS Partners Ltd’s holdings in McCormick & Company, Incorporated were worth $19,418,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Van ECK Associates Corp lifted its holdings in shares of McCormick & Company, Incorporated by 7.2% during the third quarter. Van ECK Associates Corp now owns 6,964 shares of the company’s stock worth $553,000 after purchasing an additional 465 shares during the period. Robeco Institutional Asset Management B.V. grew its position in McCormick & Company, Incorporated by 409.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 106,800 shares of the company’s stock valued at $8,790,000 after buying an additional 85,835 shares during the last quarter. Asset Management One Co. Ltd. grew its position in McCormick & Company, Incorporated by 0.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 117,400 shares of the company’s stock valued at $9,662,000 after buying an additional 839 shares during the last quarter. QRG Capital Management Inc. grew its position in McCormick & Company, Incorporated by 12.0% in the 3rd quarter. QRG Capital Management Inc. now owns 13,121 shares of the company’s stock valued at $1,080,000 after buying an additional 1,407 shares during the last quarter. Finally, Radnor Capital Management LLC purchased a new position in McCormick & Company, Incorporated in the 3rd quarter valued at $346,000. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Trading Up 1.0 %

Shares of MKC stock opened at $82.66 on Friday. The firm has a 50-day moving average price of $77.07 and a 200 day moving average price of $78.76. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $85.78. The company has a market capitalization of $22.17 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 3.76 and a beta of 0.71. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Thursday, January 23rd. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. Research analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on MKC shares. Barclays reduced their target price on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, January 27th. Jefferies Financial Group raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their target price for the company from $85.00 to $91.00 in a report on Monday, December 9th. JPMorgan Chase & Co. raised their target price on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an “underweight” rating in a report on Friday, January 24th. Finally, TD Cowen raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their target price for the company from $86.00 to $90.00 in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.75.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Margaret M. V. Preston sold 28,092 shares of McCormick & Company, Incorporated stock in a transaction dated 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 sale, the director now owns 6,177 shares in the company, valued at $475,814.31. The trade was a 81.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 23.80% of the stock is currently owned by corporate insiders.

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.