Y Intercept Hong Kong Ltd Purchases New Shares in McCormick & Company, Incorporated (NYSE:MKC)

Y Intercept Hong Kong Ltd acquired a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,902 shares of the company’s stock, valued at approximately $374,000.

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

Analyst Ratings Changes

MKC has been the subject of several recent research reports. TD Cowen raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their price target for the company from $86.00 to $90.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. upped their target price 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 reduced their price target on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday, January 27th. Finally, Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their price target for the company from $85.00 to $91.00 in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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 company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.03, for a total transaction of $2,163,926.76. Following the completion of the transaction, the director now 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.80% of the stock is owned by insiders.

McCormick & Company, Incorporated Stock Performance

Shares of McCormick & Company, Incorporated stock opened at $84.73 on Tuesday. The business has a 50-day simple moving average of $76.70 and a 200-day simple moving average of $78.65. 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 one year low of $66.88 and a one year high of $85.49. The company has a market cap of $22.72 billion, a PE ratio of 28.92, a P/E/G ratio of 3.76 and a beta of 0.75.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. On average, equities research analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

About McCormick & Company, Incorporated

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.