McCormick & Company, Incorporated (NYSE:MKC) Stock Position Increased by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its position in McCormick & Company, Incorporated (NYSE:MKC) by 46.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,902 shares of the company’s stock after purchasing an additional 7,560 shares during the period. Mizuho Securities USA LLC’s holdings in McCormick & Company, Incorporated were worth $1,822,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP grew its position in McCormick & Company, Incorporated by 21.7% in the 3rd quarter. Wellington Management Group LLP now owns 139,728 shares of the company’s stock valued at $11,500,000 after buying an additional 24,881 shares in the last quarter. DJE Kapital AG acquired a new stake in shares of McCormick & Company, Incorporated in the 4th quarter worth approximately $4,228,000. SBI Securities Co. Ltd. bought a new position in shares of McCormick & Company, Incorporated in the fourth quarter valued at approximately $234,000. Qsemble Capital Management LP acquired a new position in shares of McCormick & Company, Incorporated during the third quarter valued at approximately $1,104,000. Finally, Asset Management One Co. Ltd. increased its stake in shares of McCormick & Company, Incorporated by 16.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 136,891 shares of the company’s stock valued at $10,547,000 after acquiring an additional 19,491 shares during the period. Institutional investors and hedge funds own 79.74% of the company’s stock.

Insider Transactions at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Margaret M. V. Preston sold 28,092 shares of the stock in a transaction dated 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 sale, the director now 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.80% of the stock is owned by insiders.

McCormick & Company, Incorporated Stock Up 0.2 %

Shares of MKC opened at $80.35 on Tuesday. 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 50-day simple moving average of $78.58 and a 200-day simple moving average of $78.87. McCormick & Company, Incorporated has a 52 week low of $66.88 and a 52 week high of $86.24. The firm has a market capitalization of $21.54 billion, a P/E ratio of 27.42, a P/E/G ratio of 3.76 and a beta of 0.71.

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 net margin of 11.73% and a return on equity of 14.89%. On average, equities research analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MKC shares. Jefferies Financial Group raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their target price for the company from $85.00 to $91.00 in a research note on Monday, December 9th. TD Cowen upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price objective for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their target price 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. Finally, Barclays cut their target price on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.