Peninsula Asset Management Inc. Has $1.49 Million Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Peninsula Asset Management Inc. trimmed its stake in McCormick & Company, Incorporated (NYSE:MKC) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,501 shares of the company’s stock after selling 530 shares during the quarter. Peninsula Asset Management Inc.’s holdings in McCormick & Company, Incorporated were worth $1,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Albion Financial Group UT purchased a new position in McCormick & Company, Incorporated in the fourth quarter valued at about $33,000. Rosenberg Matthew Hamilton bought a new stake in shares of McCormick & Company, Incorporated in the 4th quarter valued at approximately $38,000. Kentucky Trust Co acquired a new position in McCormick & Company, Incorporated in the fourth quarter worth approximately $56,000. VisionPoint Advisory Group LLC acquired a new stake in McCormick & Company, Incorporated in the fourth quarter valued at approximately $60,000. Finally, Assetmark Inc. grew its position in McCormick & Company, Incorporated by 165.5% in the third quarter. Assetmark Inc. now owns 754 shares of the company’s stock worth $62,000 after acquiring an additional 470 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at McCormick & Company, Incorporated

In related news, Director Margaret M. V. Preston sold 28,092 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $77.03, for a total value of $2,163,926.76. Following the sale, the director now owns 6,177 shares of the company’s stock, valued at $475,814.31. The trade was a 81.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.80% of the stock is owned by insiders.

McCormick & Company, Incorporated Stock Down 0.5 %

MKC stock opened at $80.29 on Friday. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month 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 company has a market cap of $21.53 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 3.76 and a beta of 0.71. The business’s 50-day simple moving average is $77.68 and its 200 day simple moving average is $78.87.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays reduced 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 research note on Monday, January 27th. JPMorgan Chase & Co. upped their price target on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a research note on Friday, January 24th. Jefferies Financial Group raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price objective for the company from $85.00 to $91.00 in a research note on Monday, December 9th. Finally, TD Cowen raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their target price for the stock from $86.00 to $90.00 in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $83.75.

About McCormick & Company, Incorporated

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.