Roffman Miller Associates Inc. PA Buys 4,731 Shares of McCormick & Company, Incorporated (NYSE:MKC)

Roffman Miller Associates Inc. PA grew its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 1.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 376,363 shares of the company’s stock after acquiring an additional 4,731 shares during the period. McCormick & Company, Incorporated comprises 1.8% of Roffman Miller Associates Inc. PA’s portfolio, making the stock its 23rd biggest holding. Roffman Miller Associates Inc. PA’s holdings in McCormick & Company, Incorporated were worth $28,694,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Y Intercept Hong Kong Ltd purchased a new position in shares of McCormick & Company, Incorporated during the fourth quarter worth about $374,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of McCormick & Company, Incorporated by 3.0% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 47,844 shares of the company’s stock worth $3,648,000 after purchasing an additional 1,400 shares in the last quarter. Sigma Planning Corp grew its holdings in shares of McCormick & Company, Incorporated by 22.2% during the fourth quarter. Sigma Planning Corp now owns 5,562 shares of the company’s stock worth $424,000 after purchasing an additional 1,009 shares in the last quarter. Redmond Asset Management LLC purchased a new position in shares of McCormick & Company, Incorporated during the fourth quarter worth about $739,000. Finally, VisionPoint Advisory Group LLC purchased a new position in shares of McCormick & Company, Incorporated during the fourth quarter worth about $60,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Stock Performance

Shares of MKC stock opened at $80.15 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.31 and a current ratio of 0.74. McCormick & Company, Incorporated has a fifty-two week low of $65.72 and a fifty-two week high of $85.49. The stock has a 50 day moving average price of $76.33 and a two-hundred day moving average price of $78.44. The company has a market capitalization of $21.49 billion, a P/E ratio of 27.36, a PEG ratio of 3.76 and a beta of 0.75.

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, beating 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%. Analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on MKC. JPMorgan Chase & Co. boosted their price objective on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a report on Friday, January 24th. Barclays cut their price objective on 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. 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 note on Wednesday, January 8th. Finally, Jefferies Financial Group raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their target price for the stock from $85.00 to $91.00 in a research note on Monday, December 9th. One equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $83.75.

Insider Activity at McCormick & Company, Incorporated

In related news, Director Margaret M. V. Preston sold 28,092 shares of the company’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 completion of the transaction, the director now owns 6,177 shares in the company, valued at $475,814.31. This represents a 81.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.80% of the stock is owned by corporate insiders.

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.