McCormick & Company, Incorporated $MKC Shares Sold by Town & Country Bank & Trust CO dba First Bankers Trust CO

Key Points

• Town & Country Bank & Trust CO dba First Bankers Trust CO significantly reduced its holdings in McCormick & Company by 50% in the second quarter, now owning 4,188 shares worth approximately $318,000.
• The stock price of McCormick & Company, Incorporated is currently down 1.1%, trading at $64.74, with a market cap of $17.38 billion and a PE ratio of 22.48.
• Recent analyst reports show a mixed outlook, with one analyst upgrading the stock to "overweight" while others have lowered price targets and some downgraded their ratings.

Town & Country Bank & Trust CO dba First Bankers Trust CO reduced its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC - Free Report) by 50.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,188 shares of the company's stock after selling 4,196 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in McCormick & Company, Incorporated were worth $318,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd raised its stake in shares of McCormick & Company, Incorporated by 13.3% in the first quarter. IFM Investors Pty Ltd now owns 49,712 shares of the company's stock valued at $4,091,000 after acquiring an additional 5,829 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in McCormick & Company, Incorporated during the 1st quarter worth about $260,000. Stratos Wealth Partners LTD. raised its position in McCormick & Company, Incorporated by 5.7% in the 1st quarter. Stratos Wealth Partners LTD. now owns 88,287 shares of the company's stock valued at $7,267,000 after purchasing an additional 4,771 shares in the last quarter. Retirement Guys Formula LLC purchased a new position in shares of McCormick & Company, Incorporated in the 1st quarter valued at about $988,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of McCormick & Company, Incorporated by 10.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,524 shares of the company's stock worth $3,464,000 after buying an additional 3,877 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Stock Down 1.1%

MKC opened at $64.74 on Tuesday. McCormick & Company, Incorporated has a 52 week low of $64.53 and a 52 week high of $86.24. The business has a 50 day moving average price of $69.94 and a two-hundred day moving average price of $73.78. The company has a quick ratio of 0.27, a current ratio of 0.68 and a debt-to-equity ratio of 0.55. The company has a market cap of $17.38 billion, a PE ratio of 22.48, a P/E/G ratio of 3.22 and a beta of 0.65.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last announced its earnings results on Thursday, June 26th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.04. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.67 billion. McCormick & Company, Incorporated had a return on equity of 14.43% and a net margin of 11.50%.The company's revenue was up 1.0% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS. McCormick & Company, Incorporated has set its FY 2025 guidance at 3.030-3.080 EPS. As a group, research analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Analysts Set New Price Targets

MKC has been the topic of several analyst reports. Wall Street Zen cut shares of McCormick & Company, Incorporated from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. Citigroup dropped their price objective on shares of McCormick & Company, Incorporated from $80.00 to $77.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 17th. UBS Group decreased their price objective on shares of McCormick & Company, Incorporated from $83.00 to $79.00 and set a "neutral" rating for the company in a research report on Friday, August 22nd. Stifel Nicolaus dropped their target price on McCormick & Company, Incorporated from $82.00 to $76.00 and set a "hold" rating on the stock in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. raised McCormick & Company, Incorporated from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $69.00 to $83.00 in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $84.25.

McCormick & Company, Incorporated Company 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.

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