McCormick & Company, Incorporated (NYSE:MKC) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. trimmed its holdings in McCormick & Company, Incorporated (NYSE:MKCFree Report) by 23.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 697 shares of the company’s stock after selling 213 shares during the quarter. Sunbelt Securities Inc.’s holdings in McCormick & Company, Incorporated were worth $53,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MKC. Moneta Group Investment Advisors LLC boosted its holdings in McCormick & Company, Incorporated by 92,736.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,770,708 shares of the company’s stock valued at $478,334,000 after purchasing an additional 5,764,492 shares in the last quarter. Norges Bank purchased a new stake in McCormick & Company, Incorporated in the fourth quarter valued at approximately $148,700,000. Holocene Advisors LP purchased a new stake in McCormick & Company, Incorporated in the second quarter valued at approximately $77,091,000. Scopus Asset Management L.P. lifted its stake in McCormick & Company, Incorporated by 711.3% in the third quarter. Scopus Asset Management L.P. now owns 547,600 shares of the company’s stock valued at $41,420,000 after buying an additional 480,100 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in McCormick & Company, Incorporated by 1.6% in the first quarter. Vanguard Group Inc. now owns 28,955,774 shares of the company’s stock valued at $2,889,787,000 after buying an additional 462,997 shares during the last quarter. 78.15% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Up 0.3 %

McCormick & Company, Incorporated stock opened at $68.17 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.28 and a current ratio of 0.65. The firm has a market capitalization of $18.29 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 3.68 and a beta of 0.73. McCormick & Company, Incorporated has a fifty-two week low of $59.13 and a fifty-two week high of $94.39. The stock’s fifty day moving average is $67.16 and its two-hundred day moving average is $68.26.

McCormick & Company, Incorporated (NYSE:MKCGet Free Report) last posted its earnings results on Thursday, January 25th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.06. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.78 billion. McCormick & Company, Incorporated had a return on equity of 14.55% and a net margin of 10.22%. McCormick & Company, Incorporated’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 earnings per share. Analysts predict that McCormick & Company, Incorporated will post 2.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MKC shares. Citigroup started coverage on McCormick & Company, Incorporated in a research note on Thursday, February 1st. They set a “sell” rating and a $60.00 price target for the company. Consumer Edge cut McCormick & Company, Incorporated from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 22nd. JPMorgan Chase & Co. cut their price target on McCormick & Company, Incorporated from $59.00 to $57.00 and set an “underweight” rating for the company in a research note on Friday, January 26th. Finally, Barclays cut their price objective on McCormick & Company, Incorporated from $74.00 to $71.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $73.78.

Read Our Latest Analysis on McCormick & Company, Incorporated

Insider Buying and Selling at McCormick & Company, Incorporated

In related news, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $65.20, for a total transaction of $326,000.00. Following the sale, the director now owns 39,181 shares of the company’s stock, valued at $2,554,601.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 22.90% of the stock is owned by corporate insiders.

McCormick & Company, Incorporated Company Profile

(Free Report)

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts.

Featured Stories

Want to see what other hedge funds are holding MKC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for McCormick & Company, Incorporated (NYSE:MKCFree Report).

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

Receive News & Ratings for McCormick & Company Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McCormick & Company Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.