McCormick & Company, Incorporated (NYSE:MKC) Shares Bought by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC raised its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 164.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 19,174 shares of the company’s stock after buying an additional 11,935 shares during the period. Nicholson Wealth Management Group LLC’s holdings in McCormick & Company, Incorporated were worth $1,462,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of McCormick & Company, Incorporated during the 3rd quarter valued at about $28,000. Albion Financial Group UT purchased a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at about $33,000. Rosenberg Matthew Hamilton purchased a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at about $38,000. Kennebec Savings Bank purchased a new position in shares of McCormick & Company, Incorporated in the 3rd quarter valued at about $40,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in shares of McCormick & Company, Incorporated in the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

Analysts Set New Price Targets

MKC has been the subject of several recent analyst reports. Jefferies Financial Group upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their price target for the company from $85.00 to $91.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. lifted their price target on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an “underweight” rating in a research note on Friday, January 24th. Barclays cut their price target on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, January 27th. Finally, TD Cowen upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their price target for the company from $86.00 to $90.00 in a research note on Wednesday, January 8th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, McCormick & Company, Incorporated has a consensus rating of “Moderate Buy” and a consensus price target of $83.75.

Insider Transactions at McCormick & Company, Incorporated

In other news, Director Margaret M. V. Preston sold 28,092 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $77.03, for a total transaction of $2,163,926.76. Following the transaction, the director now directly owns 6,177 shares in the company, valued at $475,814.31. The trade was a 81.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 23.80% of the company’s stock.

McCormick & Company, Incorporated Price Performance

NYSE:MKC opened at $79.25 on Friday. McCormick & Company, Incorporated has a 12 month low of $65.72 and a 12 month high of $85.49. The stock has a 50 day moving average of $76.38 and a two-hundred day moving average of $78.39. 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 market cap of $21.25 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 3.74 and a beta of 0.75.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. On average, analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

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.