McCormick & Company, Incorporated (NYSE:MKC) was downgraded by equities research analysts at Deutsche Bank from a “hold” rating to a “sell” rating in a report released on Friday.

Several other brokerages also recently weighed in on MKC. Jefferies Group set a $115.00 target price on McCormick & Company, Incorporated and gave the stock a “buy” rating in a research note on Saturday, October 7th. Credit Suisse Group set a $115.00 target price on McCormick & Company, Incorporated and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $103.00 target price (up from $95.00) on shares of McCormick & Company, Incorporated in a research note on Monday, October 2nd. Finally, Citigroup upped their target price on McCormick & Company, Incorporated from $100.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $106.67.

McCormick & Company, Incorporated (MKC) opened at $102.91 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.47 and a current ratio of 0.95. The firm has a market capitalization of $13,446.84, a P/E ratio of 28.43, a PEG ratio of 2.32 and a beta of 0.53. McCormick & Company, Incorporated has a 52 week low of $90.25 and a 52 week high of $106.50.

In related news, Director Maritza Gomez Montiel sold 2,500 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $96.26, for a total value of $240,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $99.50, for a total value of $497,500.00. Following the completion of the transaction, the director now directly owns 18,825 shares of the company’s stock, valued at $1,873,087.50. The disclosure for this sale can be found here. 15.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in McCormick & Company, Incorporated by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,264,131 shares of the company’s stock valued at $1,195,875,000 after purchasing an additional 301,377 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in McCormick & Company, Incorporated by 81.9% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 1,629,070 shares of the company’s stock valued at $167,208,000 after purchasing an additional 733,375 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in McCormick & Company, Incorporated by 19.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,067,062 shares of the company’s stock valued at $104,049,000 after purchasing an additional 177,210 shares during the last quarter. Bank of New York Mellon Corp raised its stake in McCormick & Company, Incorporated by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,026,505 shares of the company’s stock valued at $105,360,000 after purchasing an additional 11,005 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in McCormick & Company, Incorporated by 26.6% in the 2nd quarter. Renaissance Technologies LLC now owns 987,100 shares of the company’s stock valued at $96,252,000 after purchasing an additional 207,600 shares during the last quarter. 76.19% of the stock is owned by hedge funds and other institutional investors.

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About McCormick & Company, Incorporated

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

Analyst Recommendations for McCormick & Company, Incorporated (NYSE:MKC)

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