McCormick & Company, Incorporated (NYSE:MKC) Upgraded at TD Cowen

McCormick & Company, Incorporated (NYSE:MKC) was upgraded by stock analysts at TD Cowen from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage presently has a $90.00 price target on the stock, up from their previous price target of $86.00. TD Cowen’s target price points to a potential upside of 21.13% from the company’s previous close.

Several other brokerages have also recently commented on MKC. Stifel Nicolaus raised their target price on shares of McCormick & Company, Incorporated from $75.00 to $85.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price objective for the stock from $85.00 to $91.00 in a research note on Monday, December 9th. Bank of America boosted their target price on shares of McCormick & Company, Incorporated from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, BNP Paribas raised McCormick & Company, Incorporated to a “strong-buy” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.50.

McCormick & Company, Incorporated Trading Up 0.2 %

NYSE:MKC opened at $74.30 on Wednesday. The stock has a fifty day simple moving average of $77.62 and a 200 day simple moving average of $77.78. The firm has a market capitalization of $19.94 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 3.44 and a beta of 0.75. McCormick & Company, Incorporated has a 1-year low of $63.88 and a 1-year high of $85.49. The company has a quick ratio of 0.32, a current ratio of 0.71 and a debt-to-equity ratio of 0.61.

Insider Buying and Selling at McCormick & Company, Incorporated

In related news, Director Jacques Tapiero sold 5,000 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $78.33, for a total transaction of $391,650.00. Following the completion of the sale, the director now owns 28,217 shares in the company, valued at $2,210,237.61. This trade represents a 15.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders sold 20,000 shares of company stock valued at $1,565,850. 22.90% of the stock is currently owned by company insiders.

Institutional Trading of McCormick & Company, Incorporated

Large investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of McCormick & Company, Incorporated in the third quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL bought a new position in McCormick & Company, Incorporated in the 2nd quarter valued at $39,000. Kennebec Savings Bank acquired a new position in McCormick & Company, Incorporated in the third quarter worth $40,000. Friedenthal Financial bought a new stake in shares of McCormick & Company, Incorporated during the third quarter worth $49,000. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in shares of McCormick & Company, Incorporated during the third quarter worth $50,000. 79.74% of the stock is owned by institutional investors.

About McCormick & Company, Incorporated

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts.