YorkBridge Wealth Partners LLC Raises Holdings in McCormick & Company, Incorporated (MKC)

YorkBridge Wealth Partners LLC boosted its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 57.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,670 shares of the company’s stock after acquiring an additional 974 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in McCormick & Company, Incorporated were worth $271,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Courier Capital LLC lifted its position in McCormick & Company, Incorporated by 1.4% during the 4th quarter. Courier Capital LLC now owns 37,814 shares of the company’s stock worth $3,854,000 after acquiring an additional 526 shares during the period. YHB Investment Advisors Inc. lifted its position in McCormick & Company, Incorporated by 1.5% during the 3rd quarter. YHB Investment Advisors Inc. now owns 35,609 shares of the company’s stock worth $3,655,000 after acquiring an additional 528 shares during the period. CIBC Asset Management Inc lifted its position in McCormick & Company, Incorporated by 3.0% during the 3rd quarter. CIBC Asset Management Inc now owns 18,463 shares of the company’s stock worth $1,895,000 after acquiring an additional 544 shares during the period. Atria Investments LLC lifted its position in McCormick & Company, Incorporated by 11.9% during the 4th quarter. Atria Investments LLC now owns 5,628 shares of the company’s stock worth $574,000 after acquiring an additional 598 shares during the period. Finally, Nichols & Pratt Advisers LLP MA lifted its position in McCormick & Company, Incorporated by 2.8% during the 3rd quarter. Nichols & Pratt Advisers LLP MA now owns 22,395 shares of the company’s stock worth $2,298,000 after acquiring an additional 600 shares during the period. 76.46% of the stock is owned by institutional investors.

Shares of McCormick & Company, Incorporated (MKC) traded up $0.69 during mid-day trading on Thursday, hitting $104.75. The stock had a trading volume of 23,182 shares, compared to its average volume of 1,088,161. The firm has a market cap of $13,713.58, a PE ratio of 28.12, a PEG ratio of 2.29 and a beta of 0.61. The company has a current ratio of 0.83, a quick ratio of 0.42 and a debt-to-equity ratio of 1.73. McCormick & Company, Incorporated has a fifty-two week low of $90.25 and a fifty-two week high of $109.67.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, January 25th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.02. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.48 billion. McCormick & Company, Incorporated had a return on equity of 25.30% and a net margin of 9.88%. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 EPS. research analysts expect that McCormick & Company, Incorporated will post 4.88 EPS for the current year.

In related news, Director Patricia A. Little sold 6,250 shares of McCormick & Company, Incorporated stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $108.63, for a total value of $678,937.50. Following the completion of the transaction, the director now owns 15,497 shares in the company, valued at approximately $1,683,439.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Michael R. Smith sold 2,575 shares of McCormick & Company, Incorporated stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $107.96, for a total value of $277,997.00. Following the completion of the transaction, the vice president now owns 17,312 shares of the company’s stock, valued at approximately $1,869,003.52. The disclosure for this sale can be found here. Insiders own 15.30% of the company’s stock.

A number of brokerages have commented on MKC. Zacks Investment Research raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Tuesday, February 13th. Jefferies Group reaffirmed a “buy” rating and set a $120.00 price target on shares of McCormick & Company, Incorporated in a research report on Thursday, January 25th. Stifel Nicolaus lifted their price target on McCormick & Company, Incorporated from $103.00 to $110.00 and gave the stock a “hold” rating in a research report on Friday, January 26th. UBS Group lifted their price target on McCormick & Company, Incorporated from $100.00 to $106.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Finally, Credit Suisse Group set a $115.00 price target on McCormick & Company, Incorporated and gave the stock a “buy” rating in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $107.67.

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About McCormick & Company, Incorporated

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

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Institutional Ownership by Quarter for McCormick & Company, Incorporated (NYSE:MKC)

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