The Nichols & Pratt Advisers LLP MA Sells 800 Shares of McCormick & Company, Incorporated (MKC)

The Nichols & Pratt Advisers LLP MA Sells 800 Shares of McCormick & Company, Incorporated (MKC)

Several other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of McCormick & Company, during the fourth quarter valued at approximately $112,107,000. Pioneer Investment Management Inc. raised its stake in McCormick & Company, by 630.5% in the first quarter. Pioneer Investment Management Inc. now owns 865,785 shares of the company’s stock valued at $84,457,000 after buying an additional 747,268 shares in the last quarter. Renaissance Technologies LLC raised its stake in McCormick & Company, by 259.2% in the fourth quarter. Renaissance Technologies LLC now owns 692,500 shares of the company’s stock valued at $64,631,000 after buying an additional 499,700 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in McCormick & Company, during the third quarter valued at approximately $35,854,000. Finally, Parnassus Investments CA raised its stake in McCormick & Company, by 14.7% in the first quarter. Parnassus Investments CA now owns 2,426,180 shares of the company’s stock valued at $230,627,000 after buying an additional 310,021 shares in the last quarter. Institutional investors own 72.99% of the company’s stock.

Nichols & Pratt Advisers LLP MA decreased its stake in McCormick & Company, Incorporated (NYSE:MKC) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,795 shares of the company’s stock after selling 800 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in McCormick & Company, were worth $2,126,000 as of its most recent filing with the SEC.

Shares of McCormick & Company, Incorporated (NYSE MKC) traded down 0.05% during trading on Friday, reaching $105.42. The company had a trading volume of 462,992 shares. McCormick & Company, Incorporated has a 12 month low of $88.64 and a 12 month high of $107.84. The stock has a 50 day moving average price of $101.13 and a 200 day moving average price of $96.96. The firm has a market capitalization of $13.14 billion, a PE ratio of 28.48 and a beta of 0.48.

A number of research firms have issued reports on MKC. Zacks Investment Research upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Thursday. Jefferies Group LLC reaffirmed a “hold” rating and set a $95.00 price objective on shares of McCormick & Company, in a research note on Friday, May 19th. JPMorgan Chase & Co. raised shares of McCormick & Company, from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $91.00 to $96.00 in a research note on Wednesday, April 5th. Edward Jones raised shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research report on Thursday, April 6th. Finally, Deutsche Bank AG started coverage on shares of McCormick & Company, in a research report on Wednesday, February 15th. They set a “hold” rating and a $102.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $103.11. In other McCormick & Company, news, Director Maritza Gomez Montiel acquired 2,500 shares of McCormick & Company, stock in a transaction on Wednesday, May 3rd. The shares were bought at an average price of $99.62 per share, with a total value of $249,050.00. Following the completion of the purchase, the director now owns 2,500 shares in the company, valued at $249,050. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alan D. Wilson sold 207,531 shares of the business’s stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $99.83, for a total value of $20,717,819.73. Following the sale, the director now owns 194,552 shares of the company’s stock, valued at approximately $19,422,126.16. The disclosure for this sale can be found here. 13.70% of the stock is currently owned by insiders.

About McCormick & Company, 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MKC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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