November 25, 2016 - By Winifred Garcia · 0 Comments
Mccormick & Co Inc (NYSE:MKC) institutional sentiment increased to 1.1 in Q2 2016. Its up 0.35, from 0.75 in 2016Q1. The ratio has increased, as 206 funds increased or opened new positions, while 276 trimmed and sold equity positions in Mccormick & Co Inc. The funds in our partner’s database now hold: 89.74 million shares, down from 94.63 million shares in 2016Q1. Also, the number of funds holding Mccormick & Co Inc in their top 10 positions decreased from 14 to 13 for a decrease of 1. Sold All: 49 Reduced: 227 Increased: 162 New Position: 44.
McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The company has a market cap of $11.46 billion. The Firm operates in two divisions: consumer and industrial. It has a 25.54 P/E ratio. The Company’s brands in the Americas include McCormick, Lawry’s, Stubb’s, Club House, Zatarain’s, Thai Kitchen and Simply Asia.
The stock increased 1.34% or $1.22 during the last trading session, hitting $92.3. About 328,254 shares traded hands. McCormick & Company, Incorporated (NYSE:MKC) has declined 0.74% since April 22, 2016 and is downtrending. It has underperformed by 6.15% the S&P500.
Analysts await McCormick & Company, Incorporated (NYSE:MKC) to report earnings on January, 26. They expect $1.27 earnings per share, up 7.63% or $0.09 from last year’s $1.18 per share. MKC’s profit will be $157.68M for 18.17 P/E if the $1.27 EPS becomes a reality. After $1.03 actual earnings per share reported by McCormick & Company, Incorporated for the previous quarter, Wall Street now forecasts 23.30% EPS growth.
According to Zacks Investment Research, “McCormick & Company, a diversified specialty food company, is a global leader in the manufacture, marketing and distribution of spices, herbs, seasonings, flavorings and other specialty food products to the entire food industry. The company also, through subsidiary corporations, manufactures and markets specialty plastic bottles and tubes for food, personal care and other industries. The company operates in three business segments: consumer; industrial; and packaging.”
Reik & Co. Llc holds 10.25% of its portfolio in McCormick & Company, Incorporated for 283,249 shares. Financial Consulate Inc owns 76,916 shares or 6.28% of their US portfolio. Moreover, Goodman Financial Corp has 4.2% invested in the company for 66,036 shares. The Michigan-based Jlb & Associates Inc has invested 3.87% in the stock. Reilly Herbert Faulkner Iii, a New York-based fund reported 46,128 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 3 insider sales for $4.68 million net activity.
Ratings analysis reveals 25% of McCormick & Company’s analysts are positive. Out of 8 Wall Street analysts rating McCormick & Company, 2 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $74 while the high is $113. The stock’s average target of $96.33 is 4.37% above today’s ($92.3) share price. MKC was included in 19 notes of analysts from August 20, 2015. The firm earned “Sell” rating on Wednesday, March 30 by Citigroup. The rating was downgraded by JP Morgan on Tuesday, January 19 to “Underweight”. The rating was downgraded by Zacks to “Buy” on Thursday, August 20. The company was maintained on Friday, June 24 by Deutsche Bank. As per Thursday, January 7, the company rating was upgraded by Deutsche Bank. The stock has “Sell” rating given by Citigroup on Friday, October 2. On Wednesday, March 30 the stock rating was maintained by Bernstein with “Outperform”. The stock of McCormick & Company, Incorporated (NYSE:MKC) earned “Hold” rating by Zacks on Monday, August 24. The stock of McCormick & Company, Incorporated (NYSE:MKC) has “Hold” rating given on Thursday, February 18 by BB&T Capital. BB&T Capital initiated it with “Buy” rating and $99.0 target price in Tuesday, September 1 report.
McCormick & Company, Incorporated, incorporated on November 30, 1915, makes, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Firm operates through two divisions: consumer and industrial. The Company’s products deliver flavor. The Firm offers its clients and clients a range of products to meet the demand for product attributes, such as organic, gluten-free and non-genetically modified organisms (GMO). The Company’s sales, distribution and production facilities are located in North America, Europe and China. The additional facilities are based in Australia, Mexico, India, Singapore, Central America, Thailand and South Africa.
More news for McCormick & Company, Incorporated (NYSE:MKC) were recently published by: Baltimoresun.com, which released: “McCormick & Co. announces new CFO” on June 29, 2016. Prnewswire.com‘s article titled: “McCormick & Company to Present at Barclays Global Consumer Staples Conference” and published on August 25, 2016 is yet another important article.
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By Winifred Garcia