Compass Ion Advisors LLC Acquires 2,298 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Compass Ion Advisors LLC increased its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 94.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,738 shares of the company’s stock after buying an additional 2,298 shares during the quarter. Compass Ion Advisors LLC’s holdings in McCormick & Company, Incorporated were worth $361,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Oppenheimer Asset Management Inc. boosted its position in McCormick & Company, Incorporated by 24.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 5,888 shares of the company’s stock valued at $485,000 after buying an additional 1,144 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of McCormick & Company, Incorporated by 12.1% in the 3rd quarter. Natixis Advisors LLC now owns 79,890 shares of the company’s stock valued at $6,575,000 after acquiring an additional 8,636 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of McCormick & Company, Incorporated by 526.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 83,714 shares of the company’s stock valued at $6,890,000 after acquiring an additional 70,361 shares in the last quarter. Swiss National Bank grew its position in McCormick & Company, Incorporated by 0.3% during the 3rd quarter. Swiss National Bank now owns 747,900 shares of the company’s stock worth $61,552,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Pathstone Holdings LLC increased its holdings in McCormick & Company, Incorporated by 5.8% in the 3rd quarter. Pathstone Holdings LLC now owns 57,484 shares of the company’s stock worth $4,731,000 after purchasing an additional 3,163 shares in the last quarter. 79.74% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Trading Up 0.1 %

NYSE:MKC opened at $81.40 on Thursday. McCormick & Company, Incorporated has a 52 week low of $66.88 and a 52 week high of $86.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. The firm’s fifty day moving average is $78.11 and its 200-day moving average is $78.91. The firm has a market cap of $21.83 billion, a P/E ratio of 27.78, a P/E/G ratio of 3.76 and a beta of 0.71.

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

Analyst Ratings Changes

A number of analysts have recently commented on MKC shares. TD Cowen raised 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. Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their target price for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. Barclays decreased their price target on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their price target on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.75.

Insider Activity at McCormick & Company, Incorporated

In other news, Director Margaret M. V. Preston sold 28,092 shares of McCormick & Company, Incorporated stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $77.03, for a total value of $2,163,926.76. Following the completion of the sale, the director now owns 6,177 shares in the company, valued at $475,814.31. The trade was a 81.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 23.80% of the stock is owned by corporate insiders.

McCormick & Company, Incorporated Company 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.