McCormick & Company, Incorporated (NYSE:MKC) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,060 shares of the company’s stock after purchasing an additional 220 shares during the period. EverSource Wealth Advisors LLC’s holdings in McCormick & Company, Incorporated were worth $157,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC increased its holdings in shares of McCormick & Company, Incorporated by 3.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,595 shares of the company’s stock worth $427,000 after buying an additional 169 shares during the last quarter. Moors & Cabot Inc. grew its position in McCormick & Company, Incorporated by 14.6% during the fourth quarter. Moors & Cabot Inc. now owns 3,844 shares of the company’s stock valued at $293,000 after acquiring an additional 490 shares during the period. Natural Investments LLC acquired a new stake in McCormick & Company, Incorporated during the fourth quarter worth about $2,392,000. Sage Mountain Advisors LLC raised its holdings in shares of McCormick & Company, Incorporated by 10.6% in the 4th quarter. Sage Mountain Advisors LLC now owns 2,774 shares of the company’s stock worth $211,000 after purchasing an additional 266 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its stake in shares of McCormick & Company, Incorporated by 1.7% in the 4th quarter. Johnson Investment Counsel Inc. now owns 28,159 shares of the company’s stock valued at $2,147,000 after purchasing an additional 478 shares in the last quarter. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

McCormick & Company, Incorporated stock opened at $81.90 on Tuesday. McCormick & Company, Incorporated has a 12-month low of $66.88 and a 12-month high of $86.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31. The company has a market capitalization of $21.96 billion, a price-to-earnings ratio of 27.95, a price-to-earnings-growth ratio of 3.76 and a beta of 0.71. The firm’s fifty day moving average price is $77.83 and its 200 day moving average price is $78.89.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on MKC. Barclays dropped their target price on shares of 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. JPMorgan Chase & Co. raised 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. TD Cowen upgraded shares of 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 report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their price target for the company from $85.00 to $91.00 in a report on Monday, December 9th. One research 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 stock. According to data from MarketBeat, the stock presently 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 news, Director Margaret M. V. Preston sold 28,092 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 6,177 shares of the company’s stock, valued at approximately $475,814.31. The trade was a 81.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 23.80% of the stock is currently owned by insiders.

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.