Kintegral Advisory LLC Sells 537 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Kintegral Advisory LLC reduced its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 4.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,531 shares of the company’s stock after selling 537 shares during the period. Kintegral Advisory LLC’s holdings in McCormick & Company, Incorporated were worth $884,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MKC. Capital Performance Advisors LLP bought a new stake in shares of McCormick & Company, Incorporated during the third quarter worth $28,000. Albion Financial Group UT acquired a new position in McCormick & Company, Incorporated in the 4th quarter worth $33,000. Kennebec Savings Bank bought a new position in McCormick & Company, Incorporated during the 3rd quarter worth about $40,000. Rosenberg Matthew Hamilton bought a new position in McCormick & Company, Incorporated during the 4th quarter worth about $38,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new stake in shares of McCormick & Company, Incorporated in the 3rd quarter valued at about $50,000. Institutional investors own 79.74% of the company’s stock.

Insider Activity at McCormick & Company, Incorporated

In related 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 of the company’s stock, valued at approximately $475,814.31. The trade was a 81.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Jefferies Financial Group raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their price objective for the stock from $85.00 to $91.00 in a research report on Monday, December 9th. 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 report on Friday, January 24th. TD Cowen raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price target for the stock from $86.00 to $90.00 in a research note on Wednesday, January 8th. Finally, Barclays cut their price objective on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, January 27th. One equities 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $83.75.

McCormick & Company, Incorporated Trading Up 1.2 %

Shares of McCormick & Company, Incorporated stock opened at $80.15 on Friday. McCormick & Company, Incorporated has a 12-month low of $65.72 and a 12-month high of $85.49. 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 business’s 50 day moving average is $76.33 and its 200-day moving average is $78.43. The stock has a market cap of $21.49 billion, a P/E ratio of 27.36, a P/E/G ratio of 3.76 and a beta of 0.75.

McCormick & Company, Incorporated (NYSE:MKC) last announced 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 research analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current fiscal year.

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.