Concurrent Investment Advisors LLC Purchases 1,015 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Concurrent Investment Advisors LLC raised its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 20.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,911 shares of the company’s stock after acquiring an additional 1,015 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in McCormick & Company, Incorporated were worth $451,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. International Private Wealth Advisors LLC lifted its holdings in shares of McCormick & Company, Incorporated by 3.9% during the fourth quarter. International Private Wealth Advisors LLC now owns 3,626 shares of the company’s stock valued at $276,000 after purchasing an additional 136 shares during the last quarter. Empower Advisory Group LLC lifted its holdings in shares of McCormick & Company, Incorporated by 1.7% during the fourth quarter. Empower Advisory Group LLC now owns 8,402 shares of the company’s stock valued at $641,000 after purchasing an additional 138 shares during the last quarter. Hunter Associates Investment Management LLC lifted its holdings in shares of McCormick & Company, Incorporated by 1.2% during the fourth quarter. Hunter Associates Investment Management LLC now owns 12,536 shares of the company’s stock valued at $954,000 after purchasing an additional 153 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of McCormick & Company, Incorporated by 4.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 4,192 shares of the company’s stock valued at $320,000 after purchasing an additional 170 shares during the last quarter. Finally, Aurora Investment Counsel lifted its holdings in shares of McCormick & Company, Incorporated by 2.1% during the third quarter. Aurora Investment Counsel now owns 8,443 shares of the company’s stock valued at $695,000 after purchasing an additional 172 shares during the last quarter. 79.74% of the stock is owned by institutional investors.

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 business’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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 23.80% of the company’s stock.

McCormick & Company, Incorporated Price Performance

Shares of MKC opened at $81.27 on Tuesday. The firm has a market cap of $21.79 billion, a PE ratio of 27.74, a P/E/G ratio of 3.76 and a beta of 0.75. 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 firm has a fifty day simple moving average of $76.35 and a two-hundred day simple moving average of $78.46. McCormick & Company, Incorporated has a 1-year low of $66.88 and a 1-year high of $85.49.

McCormick & Company, Incorporated (NYSE:MKC) last announced its 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 net margin of 11.73% and a return on equity of 14.89%. On average, equities analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MKC. Barclays lowered 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 report on Monday, January 27th. TD Cowen upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $86.00 to $90.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. boosted 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. Finally, Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $85.00 to $91.00 in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.