Taylor Frigon Capital Management LLC Has $1.49 Million Stake in McCormick & Company, Incorporated (NYSE:MKC)

Taylor Frigon Capital Management LLC decreased its position in McCormick & Company, Incorporated (NYSE:MKC) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,565 shares of the company’s stock after selling 317 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in McCormick & Company, Incorporated were worth $1,492,000 at the end of the most recent reporting period.

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

Insider Activity

In other McCormick & Company, Incorporated 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 shares were 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 directly owns 6,177 shares in the company, valued at $475,814.31. The trade was a 81.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 23.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MKC shares. TD Cowen upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price objective for the company from $86.00 to $90.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. raised their price objective on McCormick & Company, Incorporated from $66.00 to $69.00 and gave the company an “underweight” rating in a report on Friday, January 24th. Jefferies Financial Group upgraded 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 report on Monday, December 9th. Finally, Barclays decreased 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. 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 stock. According to data from MarketBeat.com, McCormick & Company, Incorporated currently has an average rating of “Moderate Buy” and an average target price of $83.75.

McCormick & Company, Incorporated Trading Down 3.3 %

Shares of MKC stock opened at $80.11 on Thursday. The firm has a 50 day moving average price of $76.42 and a two-hundred day moving average price of $78.51. 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 capitalization of $21.48 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 3.76 and a beta of 0.75. McCormick & Company, Incorporated has a 12-month low of $66.88 and a 12-month high of $85.49.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. McCormick & Company, Incorporated had a net margin of 11.73% and a return on equity of 14.89%. As a group, analysts predict that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

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.