Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in McCormick & Company, Incorporated (NYSE:MKC) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,844 shares of the company’s stock after purchasing an additional 1,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in McCormick & Company, Incorporated were worth $3,648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new position in shares of McCormick & Company, Incorporated in the third quarter worth approximately $28,000. Albion Financial Group UT purchased a new stake in McCormick & Company, Incorporated during the 4th quarter valued at $33,000. Rosenberg Matthew Hamilton bought a new stake in McCormick & Company, Incorporated in the 4th quarter worth $38,000. Kennebec Savings Bank purchased a new position in shares of McCormick & Company, Incorporated in the third quarter valued at about $40,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in shares of McCormick & Company, Incorporated in the third quarter valued at about $50,000. Institutional investors own 79.74% of the company’s stock.

Insider Transactions 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 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 owns 6,177 shares in the company, valued at approximately $475,814.31. The trade was a 81.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 23.80% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

Shares of McCormick & Company, Incorporated stock opened at $82.76 on Wednesday. McCormick & Company, Incorporated has a 12 month low of $66.88 and a 12 month high of $85.49. The firm has a market capitalization of $22.19 billion, a P/E ratio of 28.25, a P/E/G ratio of 3.76 and a beta of 0.75. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $76.40 and a two-hundred day simple moving average of $78.50.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data 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 net margin of 11.73% and a return on equity of 14.89%. On average, equities analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MKC. JPMorgan Chase & Co. boosted their price target on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an “underweight” rating in a report on Friday, January 24th. Barclays decreased 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 upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their price target for the company from $85.00 to $91.00 in a report on Monday, December 9th. Finally, TD Cowen raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. One investment 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 company’s stock. According to MarketBeat.com, McCormick & Company, Incorporated has an average rating of “Moderate Buy” and an average target price 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.