Whittier Trust Co. of Nevada Inc. Has $755,000 Stock Position in McCormick & Company, Incorporated (NYSE:MKC)

Whittier Trust Co. of Nevada Inc. grew its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,906 shares of the company’s stock after acquiring an additional 154 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in McCormick & Company, Incorporated were worth $755,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Curio Wealth LLC acquired a new position in McCormick & Company, Incorporated during the 4th quarter worth approximately $30,000. Albion Financial Group UT acquired a new position in McCormick & Company, Incorporated during the 4th quarter worth approximately $33,000. Twin Tree Management LP acquired a new position in McCormick & Company, Incorporated during the 4th quarter worth approximately $33,000. Rosenberg Matthew Hamilton acquired a new position in McCormick & Company, Incorporated during the 4th quarter worth approximately $38,000. Finally, Kentucky Trust Co acquired a new position in McCormick & Company, Incorporated during the 4th quarter worth approximately $56,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Down 0.9 %

MKC opened at $80.01 on Friday. McCormick & Company, Incorporated has a 1-year low of $66.88 and a 1-year high of $86.24. The stock’s fifty day simple moving average is $78.40 and its 200 day simple moving average is $78.91. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68. 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.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results 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%. As a group, research analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Insider Buying and Selling 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 stock was sold at an average price of $77.03, for a total value of $2,163,926.76. Following the transaction, the director now directly owns 6,177 shares of the company’s stock, valued at $475,814.31. This represents a 81.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MKC. JPMorgan Chase & Co. upped 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. Jefferies Financial Group upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their price objective for the stock from $85.00 to $91.00 in a research note on Monday, December 9th. Barclays dropped their price objective 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. Finally, TD Cowen upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their price objective for the stock from $86.00 to $90.00 in a research note 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 assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.75.

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.