McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 4.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,904 shares of the company’s stock after selling 1,621 shares during the quarter. Atria Investments Inc’s holdings in McCormick & Company, Incorporated were worth $2,509,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

MKC has been the subject of a number of research analyst reports. Jefferies Financial Group raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their target price for the company from $85.00 to $91.00 in a report on Monday, December 9th. TD Cowen raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their target price for the company from $86.00 to $90.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. increased 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, Barclays dropped their price target on 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.75.

Insider Buying and Selling

In related news, Director Margaret M. V. Preston sold 28,092 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 6,177 shares in the company, valued at approximately $475,814.31. This represents a 81.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 23.80% of the stock is currently owned by company insiders.

McCormick & Company, Incorporated Price Performance

MKC stock opened at $82.66 on Monday. 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 business has a 50 day simple moving average of $77.07 and a 200-day simple moving average of $78.77. The firm has a market capitalization of $22.17 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 3.76 and a beta of 0.71. McCormick & Company, Incorporated has a 1 year low of $66.88 and a 1 year high of $85.78.

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, 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%. Equities research analysts anticipate that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

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.