Trillium Asset Management LLC Has $35.59 Million Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Trillium Asset Management LLC cut its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 466,846 shares of the company’s stock after selling 27,531 shares during the quarter. Trillium Asset Management LLC owned about 0.17% of McCormick & Company, Incorporated worth $35,592,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MKC. Kensington Investment Counsel LLC boosted its stake in McCormick & Company, Incorporated by 5.6% during the fourth quarter. Kensington Investment Counsel LLC now owns 80,386 shares of the company’s stock worth $6,129,000 after acquiring an additional 4,281 shares in the last quarter. Axxcess Wealth Management LLC boosted its stake in McCormick & Company, Incorporated by 5.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 19,738 shares of the company’s stock worth $1,505,000 after acquiring an additional 1,047 shares in the last quarter. Curio Wealth LLC bought a new position in McCormick & Company, Incorporated during the fourth quarter worth $30,000. Cibc World Markets Corp boosted its stake in McCormick & Company, Incorporated by 15.1% during the fourth quarter. Cibc World Markets Corp now owns 98,925 shares of the company’s stock worth $7,542,000 after acquiring an additional 13,005 shares in the last quarter. Finally, Twin Tree Management LP bought a new position in McCormick & Company, Incorporated during the fourth quarter worth $33,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at McCormick & Company, Incorporated

In related news, Director Margaret M. V. Preston sold 28,092 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.03, for a total transaction of $2,163,926.76. Following the completion of the sale, the director now owns 6,177 shares in the company, valued at approximately $475,814.31. This trade represents a 81.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 23.80% of the stock is owned by insiders.

McCormick & Company, Incorporated Stock Down 0.9 %

MKC opened at $81.16 on Wednesday. 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’s 50-day moving average is $77.97 and its 200 day moving average is $78.89. McCormick & Company, Incorporated has a fifty-two week low of $66.88 and a fifty-two week high of $86.24. The firm has a market capitalization of $21.76 billion, a P/E ratio of 27.70, a PEG ratio of 3.76 and a beta of 0.71.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results 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 net margin of 11.73% and a return on equity of 14.89%. Research analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Barclays cut their target price on shares of 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. increased their target price on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a research note on Friday, January 24th. TD Cowen raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price objective for the company from $86.00 to $90.00 in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price objective for the company from $85.00 to $91.00 in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.75.

McCormick & Company, Incorporated Company 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.