Crestwood Advisors Group LLC Has $43.40 Million Position in McCormick & Company, Incorporated (NYSE:MKC)

Crestwood Advisors Group LLC raised its position in McCormick & Company, Incorporated (NYSE:MKC) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 569,234 shares of the company’s stock after purchasing an additional 1,472 shares during the period. Crestwood Advisors Group LLC’s holdings in McCormick & Company, Incorporated were worth $43,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of McCormick & Company, Incorporated in the third quarter valued at about $28,000. Albion Financial Group UT acquired a new stake in McCormick & Company, Incorporated in the 4th quarter worth about $33,000. Rosenberg Matthew Hamilton bought a new stake in McCormick & Company, Incorporated in the 4th quarter valued at about $38,000. Kennebec Savings Bank acquired a new position in shares of McCormick & Company, Incorporated during the 3rd quarter worth approximately $40,000. Finally, Sanctuary Wealth Management L.L.C. bought a new position in shares of McCormick & Company, Incorporated during the third quarter worth approximately $50,000. 79.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on MKC. Barclays dropped their price target on shares of 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. Jefferies Financial Group raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their price objective 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 stock from $86.00 to $90.00 in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised their price target on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.75.

Insider Activity at McCormick & Company, Incorporated

In other news, Director Margaret M. V. Preston sold 28,092 shares of the 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.80% of the stock is currently owned by insiders.

McCormick & Company, Incorporated Trading Up 1.2 %

Shares of MKC opened at $80.15 on Monday. 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 has a 52-week low of $65.72 and a 52-week high of $85.49. The firm has a market cap of $21.49 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 3.76 and a beta of 0.75. The business’s fifty day moving average is $76.33 and its 200-day moving average is $78.44.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Thursday, January 23rd. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

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.