Mizuho Securities USA LLC Has $1.82 Million Stock Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Mizuho Securities USA LLC increased its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 46.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,902 shares of the company’s stock after acquiring an additional 7,560 shares during the quarter. Mizuho Securities USA LLC’s holdings in McCormick & Company, Incorporated were worth $1,822,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MKC. Wellington Management Group LLP grew its holdings in shares of McCormick & Company, Incorporated by 21.7% in the 3rd quarter. Wellington Management Group LLP now owns 139,728 shares of the company’s stock valued at $11,500,000 after buying an additional 24,881 shares during the period. DJE Kapital AG acquired a new position in McCormick & Company, Incorporated in the fourth quarter valued at about $4,228,000. SBI Securities Co. Ltd. bought a new stake in shares of McCormick & Company, Incorporated in the fourth quarter worth about $234,000. Qsemble Capital Management LP acquired a new stake in shares of McCormick & Company, Incorporated during the third quarter worth about $1,104,000. Finally, Asset Management One Co. Ltd. increased its stake in McCormick & Company, Incorporated by 16.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 136,891 shares of the company’s stock worth $10,547,000 after purchasing an additional 19,491 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Trading Up 0.2 %

MKC opened at $80.35 on Tuesday. The company has a market cap of $21.54 billion, a P/E ratio of 27.42, a PEG ratio of 3.76 and a beta of 0.71. The company has a current ratio of 0.74, a quick ratio of 0.31 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $78.58 and its 200-day moving average is $78.87. McCormick & Company, Incorporated has a 1-year low of $66.88 and a 1-year high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last issued its earnings results on Thursday, January 23rd. The company reported $0.80 earnings per share 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.

Insider Buying and Selling

In related news, Director Margaret M. V. Preston sold 28,092 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $77.03, for a total value 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 trade represents 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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MKC has been the topic of a number of recent research reports. TD Cowen raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and lifted their target price for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. Barclays reduced 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. JPMorgan Chase & Co. raised their price target on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and upped their target price for the company from $85.00 to $91.00 in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, McCormick & Company, Incorporated presently has a consensus rating of “Moderate Buy” and an average target price of $83.75.

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.