Roffman Miller Associates Inc. PA Has $28.69 Million Position in McCormick & Company, Incorporated (NYSE:MKC)

Roffman Miller Associates Inc. PA boosted its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 376,363 shares of the company’s stock after purchasing an additional 4,731 shares during the quarter. McCormick & Company, Incorporated comprises approximately 1.8% of Roffman Miller Associates Inc. PA’s investment portfolio, making the stock its 23rd largest holding. Roffman Miller Associates Inc. PA owned about 0.14% of McCormick & Company, Incorporated worth $28,694,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MKC. Capital Performance Advisors LLP acquired a new stake in McCormick & Company, Incorporated in the 3rd quarter valued at $28,000. Albion Financial Group UT purchased a new position in McCormick & Company, Incorporated during the 4th quarter worth $33,000. Rosenberg Matthew Hamilton purchased a new position in McCormick & Company, Incorporated during the 4th quarter worth $38,000. Kennebec Savings Bank purchased a new position in McCormick & Company, Incorporated during the 3rd quarter worth $40,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in McCormick & Company, Incorporated during the 3rd quarter worth $50,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

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 dated 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 sale, the director now directly owns 6,177 shares in the company, valued at approximately $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 accessible through this hyperlink. 23.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MKC. JPMorgan Chase & Co. lifted their price objective on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a report on Friday, January 24th. TD Cowen raised 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 report on Wednesday, January 8th. Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $85.00 to $91.00 in a report on Monday, December 9th. Finally, Barclays cut their price objective on shares of 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, McCormick & Company, Incorporated has an average rating of “Moderate Buy” and a consensus target price of $83.75.

McCormick & Company, Incorporated Trading Up 1.2 %

NYSE MKC opened at $80.15 on Monday. The stock has a market capitalization of $21.49 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 3.76 and a beta of 0.75. McCormick & Company, Incorporated has a one year low of $65.72 and a one year high of $85.49. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31. 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 announced its quarterly earnings data 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 research analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current 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.