Baker Tilly Wealth Management LLC Has $594,000 Position in McCormick & Company, Incorporated (NYSE:MKC)

Baker Tilly Wealth Management LLC lowered its position in shares of McCormick & Company, Incorporated (NYSE:MKCFree Report) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,676 shares of the company’s stock after selling 907 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in McCormick & Company, Incorporated were worth $594,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Kesler Norman & Wride LLC grew its holdings in McCormick & Company, Incorporated by 7.5% during the fourth quarter. Kesler Norman & Wride LLC now owns 20,180 shares of the company’s stock valued at $1,381,000 after purchasing an additional 1,415 shares during the period. Marshall Financial Group LLC grew its holdings in McCormick & Company, Incorporated by 1.6% during the fourth quarter. Marshall Financial Group LLC now owns 23,885 shares of the company’s stock valued at $1,634,000 after purchasing an additional 377 shares during the period. Boston Common Asset Management LLC grew its holdings in McCormick & Company, Incorporated by 69.3% during the fourth quarter. Boston Common Asset Management LLC now owns 312,651 shares of the company’s stock valued at $21,392,000 after purchasing an additional 127,958 shares during the period. First Hawaiian Bank grew its holdings in McCormick & Company, Incorporated by 195.0% during the fourth quarter. First Hawaiian Bank now owns 14,460 shares of the company’s stock valued at $989,000 after purchasing an additional 9,558 shares during the period. Finally, Bartlett & CO. Wealth Management LLC grew its holdings in McCormick & Company, Incorporated by 49.9% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 457,395 shares of the company’s stock valued at $31,400,000 after purchasing an additional 152,213 shares during the period. Institutional investors and hedge funds own 78.15% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

Shares of MKC stock opened at $68.71 on Thursday. The company’s fifty day simple moving average is $67.26 and its 200-day simple moving average is $67.98. The company has a quick ratio of 0.28, a current ratio of 0.65 and a debt-to-equity ratio of 0.66. The firm has a market cap of $18.43 billion, a PE ratio of 27.27, a P/E/G ratio of 3.77 and a beta of 0.73. McCormick & Company, Incorporated has a 12 month low of $59.13 and a 12 month high of $94.39.

McCormick & Company, Incorporated (NYSE:MKCGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.06. McCormick & Company, Incorporated had a net margin of 10.22% and a return on equity of 14.55%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the firm posted $0.73 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities research analysts expect that McCormick & Company, Incorporated will post 2.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $65.20, for a total transaction of $326,000.00. Following the sale, the director now directly owns 39,181 shares of the company’s stock, valued at $2,554,601.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 22.90% of the company’s stock.

Analyst Ratings Changes

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

Read Our Latest Stock Report on MKC

McCormick & Company, Incorporated 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.

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

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