McCormick & Company, Incorporated (NYSE:MKC) Stock Position Lessened by Schulhoff & Co. Inc.

Schulhoff & Co. Inc. trimmed its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,336 shares of the company’s stock after selling 1,356 shares during the period. Schulhoff & Co. Inc.’s holdings in McCormick & Company, Incorporated were worth $1,550,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MKC. QRG Capital Management Inc. lifted its position in shares of McCormick & Company, Incorporated by 9.1% during the 4th quarter. QRG Capital Management Inc. now owns 14,320 shares of the company’s stock valued at $1,092,000 after acquiring an additional 1,199 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of McCormick & Company, Incorporated during the fourth quarter valued at $10,102,000. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of McCormick & Company, Incorporated by 1.8% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 98,090 shares of the company’s stock valued at $7,478,000 after purchasing an additional 1,700 shares during the last quarter. New York Life Investment Management LLC boosted its position in shares of McCormick & Company, Incorporated by 0.5% in the 4th quarter. New York Life Investment Management LLC now owns 37,511 shares of the company’s stock valued at $2,860,000 after purchasing an additional 175 shares during the period. Finally, NewEdge Wealth LLC increased its stake in McCormick & Company, Incorporated by 13.5% in the 4th quarter. NewEdge Wealth LLC now owns 16,263 shares of the company’s stock worth $1,240,000 after purchasing an additional 1,935 shares in the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Price Performance

Shares of NYSE:MKC opened at $81.81 on Friday. The firm has a market cap of $21.94 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 3.76 and a beta of 0.75. McCormick & Company, Incorporated has a 1 year low of $66.88 and a 1 year high of $85.49. 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 $76.49 and a 200 day simple moving average of $78.53.

McCormick & Company, Incorporated (NYSE:MKC) last issued its earnings results 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%. As a group, sell-side analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

MKC has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective 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 upped their price target for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. Finally, Barclays reduced 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. One analyst has rated the stock with a sell rating, three have given 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.com, McCormick & Company, Incorporated has a consensus rating of “Moderate Buy” and a consensus target price of $83.75.

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Margaret M. V. Preston sold 28,092 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 6,177 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 23.80% of the company’s stock.

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.