McCormick & Company, Incorporated (MKC) Holdings Cut by Sei Investments Co.

Sei Investments Co. cut its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 110,761 shares of the company’s stock after selling 4,997 shares during the quarter. Sei Investments Co. owned 0.08% of McCormick & Company, Incorporated worth $11,288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Zions Bancorporation raised its position in shares of McCormick & Company, Incorporated by 5,071.4% during the third quarter. Zions Bancorporation now owns 1,086 shares of the company’s stock worth $111,000 after purchasing an additional 1,065 shares during the period. Knights of Columbus Asset Advisors LLC raised its position in shares of McCormick & Company, Incorporated by 136.6% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 1,500 shares of the company’s stock worth $154,000 after purchasing an additional 866 shares during the period. Dupont Capital Management Corp acquired a new position in shares of McCormick & Company, Incorporated during the third quarter worth approximately $173,000. YorkBridge Wealth Partners LLC acquired a new position in shares of McCormick & Company, Incorporated during the third quarter worth approximately $174,000. Finally, Kornitzer Capital Management Inc. KS acquired a new position in shares of McCormick & Company, Incorporated during the third quarter worth approximately $200,000. 76.46% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Patricia A. Little sold 6,250 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $108.63, for a total transaction of $678,937.50. Following the completion of the sale, the director now owns 15,497 shares in the company, valued at $1,683,439.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michael R. Smith sold 2,575 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $107.96, for a total value of $277,997.00. Following the sale, 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. Corporate insiders own 15.30% of the company’s stock.

A number of brokerages have recently weighed in on MKC. Zacks Investment Research raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Tuesday, February 13th. UBS Group upped their target price 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. Stifel Nicolaus upped their target price 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. Jefferies Group reaffirmed a “buy” rating and set a $120.00 target price on shares of McCormick & Company, Incorporated in a research report on Thursday, January 25th. Finally, Deutsche Bank lowered McCormick & Company, Incorporated from a “hold” rating to a “sell” rating and lowered their target price for the stock from $103.00 to $98.00 in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $107.67.

Shares of McCormick & Company, Incorporated (MKC) opened at $106.22 on Friday. McCormick & Company, Incorporated has a 1-year low of $90.25 and a 1-year high of $109.67. The stock has a market capitalization of $13,930.00, a price-to-earnings ratio of 28.63, a P/E/G ratio of 2.28 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 (NYSE:MKC) last announced its quarterly earnings results on Thursday, January 25th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.02. McCormick & Company, Incorporated had a return on equity of 25.30% and a net margin of 9.88%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $1.27 earnings per share. McCormick & Company, Incorporated’s revenue was up 21.5% compared to the same quarter last year. analysts forecast that McCormick & Company, Incorporated will post 4.88 EPS for the current fiscal year.

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McCormick & Company, Incorporated Profile

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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