Xponance Inc. Lowers Stake in McCormick & Company, Incorporated (NYSE:MKC)

Xponance Inc. cut its stake in McCormick & Company, Incorporated (NYSE:MKC) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,368 shares of the company’s stock after selling 304 shares during the quarter. Xponance Inc.’s holdings in McCormick & Company, Incorporated were worth $2,620,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. International Private Wealth Advisors LLC grew its stake in McCormick & Company, Incorporated by 3.9% in the fourth quarter. International Private Wealth Advisors LLC now owns 3,626 shares of the company’s stock valued at $276,000 after purchasing an additional 136 shares during the last quarter. Empower Advisory Group LLC grew its position in shares of McCormick & Company, Incorporated by 1.7% in the 4th quarter. Empower Advisory Group LLC now owns 8,402 shares of the company’s stock worth $641,000 after buying an additional 138 shares during the last quarter. Hunter Associates Investment Management LLC raised its stake in shares of McCormick & Company, Incorporated by 1.2% during the 4th quarter. Hunter Associates Investment Management LLC now owns 12,536 shares of the company’s stock worth $954,000 after acquiring an additional 153 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in McCormick & Company, Incorporated by 3.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,595 shares of the company’s stock valued at $427,000 after acquiring an additional 169 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in McCormick & Company, Incorporated by 4.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 4,192 shares of the company’s stock valued at $320,000 after acquiring an additional 170 shares in the last quarter. 79.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MKC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective 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. Barclays dropped their price target on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, January 27th. Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their price objective for the company from $85.00 to $91.00 in a research report on Monday, December 9th. Finally, TD Cowen raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price target for the stock from $86.00 to $90.00 in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.75.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Margaret M. V. Preston sold 28,092 shares of McCormick & Company, Incorporated stock in a transaction on Thursday, February 13th. The shares were 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 owns 6,177 shares of the company’s stock, valued at approximately $475,814.31. The trade was a 81.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 23.80% of the company’s stock.

McCormick & Company, Incorporated Trading Down 0.9 %

Shares of McCormick & Company, Incorporated stock opened at $80.01 on Friday. The stock has a market cap of $21.46 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 3.76 and a beta of 0.71. The firm has a fifty day moving average price of $78.40 and a 200 day moving average price of $78.92. McCormick & Company, Incorporated has a 1 year low of $66.88 and a 1 year high of $86.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 earnings per share 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 research analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current 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.