McCormick & Company, Incorporated (MKC) Holdings Increased by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. grew its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 354.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 38,962 shares of the company’s stock after acquiring an additional 30,383 shares during the period. Waratah Capital Advisors Ltd.’s holdings in McCormick & Company, Incorporated were worth $3,971,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. raised its holdings in shares of McCormick & Company, Incorporated by 81.9% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 1,629,070 shares of the company’s stock worth $167,208,000 after purchasing an additional 733,375 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of McCormick & Company, Incorporated by 4.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,067,951 shares of the company’s stock worth $108,835,000 after purchasing an additional 41,446 shares in the last quarter. Swiss National Bank raised its holdings in shares of McCormick & Company, Incorporated by 4.8% in the 4th quarter. Swiss National Bank now owns 962,948 shares of the company’s stock worth $98,134,000 after purchasing an additional 44,100 shares in the last quarter. Congress Asset Management Co. MA raised its holdings in shares of McCormick & Company, Incorporated by 5.1% in the 4th quarter. Congress Asset Management Co. MA now owns 815,348 shares of the company’s stock worth $83,092,000 after purchasing an additional 39,266 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of McCormick & Company, Incorporated by 6.9% in the 3rd quarter. Legal & General Group Plc now owns 721,107 shares of the company’s stock worth $74,015,000 after purchasing an additional 46,561 shares in the last quarter. Institutional investors own 76.16% of the company’s stock.

In other news, Director Patricia A. Little sold 6,250 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $108.63, for a total value of $678,937.50. Following the transaction, the director now directly owns 15,497 shares of the company’s stock, valued at $1,683,439.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Michael R. Smith sold 2,575 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $107.96, for a total transaction of $277,997.00. Following the completion of the transaction, the vice president now directly owns 17,312 shares in the company, valued at $1,869,003.52. The disclosure for this sale can be found here. Company insiders own 15.30% of the company’s stock.

A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Tuesday, February 13th. UBS Group boosted their target price on shares of McCormick & Company, Incorporated from $100.00 to $106.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Stifel Nicolaus boosted their target price on shares of McCormick & Company, Incorporated from $103.00 to $110.00 and gave the stock a “hold” rating in a report on Friday, January 26th. Jefferies Group reissued a “buy” rating and issued a $120.00 target price on shares of McCormick & Company, Incorporated in a research report on Thursday, January 25th. Finally, Deutsche Bank downgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “sell” rating and dropped their target price for the stock from $103.00 to $98.00 in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $107.67.

McCormick & Company, Incorporated (NYSE:MKC) opened at $105.50 on Friday. The firm has a market cap of $13,831.58, a P/E ratio of 28.51, a PEG ratio of 2.31 and a beta of 0.61. The company has a quick ratio of 0.42, a current ratio of 0.83 and a debt-to-equity ratio of 1.73. McCormick & Company, Incorporated has a 1 year low of $90.25 and a 1 year high of $109.67.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Thursday, January 25th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.02. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. McCormick & Company, Incorporated had a net margin of 9.88% and a return on equity of 25.30%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period last year, the firm posted $1.27 earnings per share. research analysts predict that McCormick & Company, Incorporated will post 4.88 EPS for the current year.

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About McCormick & Company, Incorporated

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

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

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