MCCORMICK & CO /SH NV (NYSE:MKC) Insider Sells $4,604,416.00 in Stock

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MCCORMICK & CO /SH NV (NYSE:MKC) insider Malcolm Swift sold 27,200 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $169.28, for a total value of $4,604,416.00. Following the completion of the transaction, the insider now owns 50,039 shares of the company’s stock, valued at $8,470,601.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

MCCORMICK & CO /SH stock opened at $162.38 on Friday. The stock has a fifty day moving average price of $161.32 and a 200 day moving average price of $150.83. MCCORMICK & CO /SH NV has a 52 week low of $119.00 and a 52 week high of $171.10. The company has a current ratio of 0.79, a quick ratio of 0.35 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $22.34 billion, a P/E ratio of 32.67, a PEG ratio of 3.98 and a beta of 0.18.

MCCORMICK & CO /SH (NYSE:MKC) last posted its quarterly earnings results on Thursday, June 27th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.07. MCCORMICK & CO /SH had a return on equity of 21.42% and a net margin of 12.73%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the business earned $1.02 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. As a group, equities analysts predict that MCCORMICK & CO /SH NV will post 5.3 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. Krane Funds Advisors LLC purchased a new stake in MCCORMICK & CO /SH during the second quarter valued at about $26,000. Private Ocean LLC purchased a new stake in MCCORMICK & CO /SH during the first quarter valued at about $27,000. Winslow Evans & Crocker Inc. purchased a new stake in MCCORMICK & CO /SH during the first quarter valued at about $36,000. Glassman Wealth Services grew its position in MCCORMICK & CO /SH by 43.7% during the first quarter. Glassman Wealth Services now owns 240 shares of the company’s stock valued at $36,000 after acquiring an additional 73 shares during the period. Finally, Capital Investment Advisory Services LLC grew its position in MCCORMICK & CO /SH by 40.0% during the second quarter. Capital Investment Advisory Services LLC now owns 245 shares of the company’s stock valued at $39,000 after acquiring an additional 70 shares during the period. 79.90% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on MKC. Citigroup upped their target price on MCCORMICK & CO /SH from $155.00 to $166.00 and gave the company a “neutral” rating in a research note on Friday, June 28th. JPMorgan Chase & Co. lowered MCCORMICK & CO /SH from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $154.00 to $150.00 in a research note on Tuesday. UBS Group set a $155.00 target price on MCCORMICK & CO /SH and gave the company a “hold” rating in a research note on Friday, June 28th. Zacks Investment Research upgraded MCCORMICK & CO /SH from a “sell” rating to a “hold” rating and set a $161.00 target price for the company in a research note on Thursday, May 30th. Finally, Deutsche Bank set a $142.00 target price on MCCORMICK & CO /SH and gave the company a “hold” rating in a research note on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. MCCORMICK & CO /SH has an average rating of “Hold” and an average price target of $142.89.

About MCCORMICK & CO /SH

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

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Insider Buying and Selling by Quarter for MCCORMICK & CO /SH (NYSE:MKC)

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