Piedmont Investment Advisors Inc. Has $370,000 Position in MCCORMICK & CO /SH NV (MKC)
Piedmont Investment Advisors Inc. increased its holdings in MCCORMICK & CO /SH NV (NYSE:MKC) by 6.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,458 shares of the company’s stock after acquiring an additional 139 shares during the period. Piedmont Investment Advisors Inc.’s holdings in MCCORMICK & CO /SH were worth $370,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. O Shaughnessy Asset Management LLC acquired a new stake in shares of MCCORMICK & CO /SH in the 4th quarter worth about $26,000. Private Ocean LLC acquired a new stake in shares of MCCORMICK & CO /SH in the 1st quarter worth about $27,000. JNBA Financial Advisors acquired a new stake in shares of MCCORMICK & CO /SH in the 4th quarter worth about $28,000. Oregon Public Employees Retirement Fund raised its holdings in shares of MCCORMICK & CO /SH by 38,047.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,051,488 shares of the company’s stock worth $36,000 after acquiring an additional 5,038,246 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. acquired a new stake in shares of MCCORMICK & CO /SH in the 1st quarter worth about $36,000. Institutional investors own 80.02% of the company’s stock.
NYSE:MKC opened at $156.04 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.78 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $20.49 billion, a price-to-earnings ratio of 31.40, a PEG ratio of 3.68 and a beta of 0.26. MCCORMICK & CO /SH NV has a 52 week low of $99.53 and a 52 week high of $157.00.
MKC has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of MCCORMICK & CO /SH from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a report on Tuesday, April 2nd. Jefferies Financial Group restated a “buy” rating and issued a $150.00 target price on shares of MCCORMICK & CO /SH in a report on Tuesday, March 26th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. MCCORMICK & CO /SH has an average rating of “Hold” and an average price target of $131.43.
In other MCCORMICK & CO /SH news, major shareholder Alan D. Wilson sold 90,000 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $140.00, for a total value of $12,600,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alan D. Wilson sold 94,400 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $151.47, for a total transaction of $14,298,768.00. Following the completion of the sale, the insider now owns 206,553 shares of the company’s stock, valued at approximately $31,286,582.91. The disclosure for this sale can be found here. In the last quarter, insiders sold 199,465 shares of company stock valued at $29,224,484. Company insiders own 11.00% of the company’s stock.
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MCCORMICK & CO /SH Profile
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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