Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,238 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in McCormick & Company, Incorporated (NYSE:MKC) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,623 shares of the company’s stock after selling 1,238 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in McCormick & Company, Incorporated were worth $4,088,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Curio Wealth LLC bought a new stake in shares of McCormick & Company, Incorporated in the 4th quarter valued at approximately $30,000. Twin Tree Management LP bought a new stake in shares of McCormick & Company, Incorporated in the 4th quarter valued at approximately $33,000. Albion Financial Group UT bought a new stake in shares of McCormick & Company, Incorporated in the 4th quarter valued at approximately $33,000. Rosenberg Matthew Hamilton bought a new stake in shares of McCormick & Company, Incorporated in the 4th quarter valued at approximately $38,000. Finally, Kentucky Trust Co bought a new stake in McCormick & Company, Incorporated during the 4th quarter worth approximately $56,000. 79.74% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Margaret M. V. Preston sold 28,092 shares of the firm’s stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 23.80% of the company’s stock.

McCormick & Company, Incorporated Stock Down 0.9 %

NYSE MKC opened at $80.01 on Monday. The stock has a fifty day moving average of $78.40 and a 200-day moving average of $78.88. The stock has a market capitalization of $21.46 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 3.76 and a beta of 0.71. McCormick & Company, Incorporated has a 52 week low of $66.88 and a 52 week high of $86.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, beating 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%. On average, equities research analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MKC shares. JPMorgan Chase & Co. raised 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 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 report on Monday, January 27th. Jefferies Financial Group raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price target for the company from $85.00 to $91.00 in a report on Monday, December 9th. Finally, TD Cowen raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price target for the company from $86.00 to $90.00 in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.75.

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.