YHB Investment Advisors Inc. grew its holdings in shares of MCCORMICK & CO /SH NV (NYSE:MKC) by 15.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,465 shares of the company’s stock after purchasing an additional 7,432 shares during the quarter. MCCORMICK & CO /SH makes up about 1.4% of YHB Investment Advisors Inc.’s portfolio, making the stock its 23rd biggest holding. YHB Investment Advisors Inc.’s holdings in MCCORMICK & CO /SH were worth $7,584,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in MKC. Ancora Advisors LLC acquired a new position in shares of MCCORMICK & CO /SH during the third quarter worth about $105,000. Itau Unibanco Holding S.A. purchased a new stake in shares of MCCORMICK & CO /SH during the second quarter worth approximately $111,000. Belpointe Asset Management LLC purchased a new stake in shares of MCCORMICK & CO /SH during the third quarter worth approximately $117,000. Honkamp Krueger Financial Services Inc. purchased a new position in MCCORMICK & CO /SH in the third quarter worth $122,000. Finally, First Hawaiian Bank purchased a new position in MCCORMICK & CO /SH in the third quarter worth $173,000. 77.79% of the stock is currently owned by institutional investors.
MKC stock traded down $0.78 during trading on Friday, reaching $140.10. The stock had a trading volume of 71,028 shares, compared to its average volume of 1,245,695. MCCORMICK & CO /SH NV has a one year low of $98.34 and a one year high of $156.00. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.36 and a current ratio of 0.79. The company has a market capitalization of $18.47 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 2.90 and a beta of 0.44.
Several brokerages have recently commented on MKC. Credit Suisse Group set a $108.00 target price on MCCORMICK & CO /SH and gave the stock a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research upgraded MCCORMICK & CO /SH from a “hold” rating to a “buy” rating and set a $168.00 price objective on the stock in a research report on Monday, December 3rd. Jefferies Financial Group set a $135.00 price objective on MCCORMICK & CO /SH and gave the company a “buy” rating in a research report on Thursday, September 27th. Barclays reiterated a “hold” rating and issued a $129.00 price objective on shares of MCCORMICK & CO /SH in a research report on Sunday, September 30th. Finally, UBS Group set a $130.00 price objective on MCCORMICK & CO /SH and gave the company a “hold” rating in a research report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $127.00.
In other news, major shareholder Alan D. Wilson sold 111,000 shares of the firm’s stock in a transaction on Friday, October 19th. The shares were sold at an average price of $140.59, for a total transaction of $15,605,490.00. Following the sale, the insider now owns 218,644 shares in the company, valued at approximately $30,739,159.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Christina M. Mcmullen sold 400 shares of the firm’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $147.44, for a total transaction of $58,976.00. Following the sale, the vice president now owns 624 shares in the company, valued at approximately $92,002.56. The disclosure for this sale can be found here. Insiders have sold a total of 217,200 shares of company stock valued at $30,747,866 over the last three months. Insiders own 19.20% of the company’s stock.
MCCORMICK & CO /SH Company Profile
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates through two segments, Consumer and Industrial. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.
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