Blue Trust Inc. Has $118,000 Stake in McCormick & Company, Incorporated (NYSE:MKC)

Blue Trust Inc. reduced its position in McCormick & Company, Incorporated (NYSE:MKC) by 25.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,548 shares of the company’s stock after selling 539 shares during the period. Blue Trust Inc.’s holdings in McCormick & Company, Incorporated were worth $118,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in MKC. Sequoia Financial Advisors LLC boosted its holdings in shares of McCormick & Company, Incorporated by 5.7% during the third quarter. Sequoia Financial Advisors LLC now owns 5,426 shares of the company’s stock worth $447,000 after acquiring an additional 293 shares during the period. Eastern Bank acquired a new position in McCormick & Company, Incorporated in the 3rd quarter valued at $70,000. Private Advisor Group LLC grew its holdings in McCormick & Company, Incorporated by 2.8% in the 3rd quarter. Private Advisor Group LLC now owns 58,926 shares of the company’s stock valued at $4,850,000 after buying an additional 1,603 shares in the last quarter. International Assets Investment Management LLC increased its position in McCormick & Company, Incorporated by 7,350.5% during the 3rd quarter. International Assets Investment Management LLC now owns 91,865 shares of the company’s stock worth $7,560,000 after buying an additional 90,632 shares during the period. Finally, IFM Investors Pty Ltd lifted its holdings in shares of McCormick & Company, Incorporated by 1.1% during the third quarter. IFM Investors Pty Ltd now owns 49,712 shares of the company’s stock worth $4,091,000 after buying an additional 551 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors.

Insider Activity at McCormick & Company, Incorporated

In related news, Director Margaret M. V. Preston sold 28,092 shares of the business’s stock in a transaction on 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 sale, the director now owns 6,177 shares in the company, valued at $475,814.31. The trade was a 81.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 23.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. TD Cowen upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $86.00 to $90.00 in a research note on Wednesday, January 8th. 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 increased their price target for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. Finally, 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 note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.75.

McCormick & Company, Incorporated Trading Up 1.2 %

Shares of MKC stock opened at $80.15 on Friday. McCormick & Company, Incorporated has a fifty-two week low of $65.72 and a fifty-two week high of $85.49. The stock’s fifty day moving average price is $76.34 and its two-hundred day moving average price is $78.40. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. The company has a market cap of $21.49 billion, a PE ratio of 27.36, a P/E/G ratio of 3.74 and a beta of 0.75.

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 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%. Equities analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Company 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.