Amundi Buys 374,559 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Amundi raised its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 37.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,372,446 shares of the company’s stock after purchasing an additional 374,559 shares during the quarter. Amundi owned 0.51% of McCormick & Company, Incorporated worth $102,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of MKC. Van ECK Associates Corp lifted its position in McCormick & Company, Incorporated by 7.2% during the third quarter. Van ECK Associates Corp now owns 6,964 shares of the company’s stock valued at $553,000 after purchasing an additional 465 shares during the last quarter. Principal Financial Group Inc. lifted its position in McCormick & Company, Incorporated by 8.9% during the third quarter. Principal Financial Group Inc. now owns 308,903 shares of the company’s stock valued at $25,423,000 after purchasing an additional 25,278 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of McCormick & Company, Incorporated in the 3rd quarter worth approximately $28,000. Assetmark Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 165.5% in the 3rd quarter. Assetmark Inc. now owns 754 shares of the company’s stock worth $62,000 after acquiring an additional 470 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of McCormick & Company, Incorporated in the 3rd quarter worth approximately $204,000. 79.74% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated Trading Up 1.9 %

NYSE:MKC opened at $84.16 on Tuesday. The company has a fifty day moving average of $77.25 and a 200 day moving average of $78.81. McCormick & Company, Incorporated has a 52 week low of $66.88 and a 52 week high of $86.24. The company has a quick ratio of 0.31, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $22.57 billion, a P/E ratio of 28.72, a P/E/G ratio of 3.76 and a beta of 0.71.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 earnings per share (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%. On average, research analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MKC. Barclays lowered their price objective on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a report on Monday, January 27th. JPMorgan Chase & Co. boosted their price objective 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. TD Cowen upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $86.00 to $90.00 in a report on Wednesday, January 8th. Finally, Jefferies Financial Group upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $85.00 to $91.00 in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, McCormick & Company, Incorporated has an average rating of “Moderate Buy” and a consensus target price of $83.75.

Insider Buying and Selling at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Margaret M. V. Preston sold 28,092 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were 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 of the company’s stock, valued at approximately $475,814.31. The trade was a 81.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 23.80% of the company’s stock.

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.