The stock of McCormick & Company, Incorporated (NYSE:MKC) earned "Buy" rating by Credit Suisse on Tuesday, August 22. As a result, investors will be able to comprehend the basic determinant of asset allocation and all sorts of risk-returns parameters for stocks alongside the stock mutual funds. BNP Paribas Arbitrage SA owned approximately 0.11% of McCormick & Company, worth $14,752,000 at the end of the most recent reporting period.
Large investors have recently added to or reduced their stakes in the business. BlueMountain Capital Management LLC lifted its holdings in shares of McCormick & Company, by 1,600.0% in the 2nd quarter. First Allied Advisory Services Inc. increased its stake in shares of McCormick & Company, by 2.8% in the second quarter. IFP Advisors Inc now owns 1,784 shares of the company's stock worth $174,000 after buying an additional 395 shares during the period. Eagleclaw Managment Llc stated it has 0.58% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). Commonwealth Bank of Australia now owns 2,046 shares of the company's stock worth $198,000 after buying an additional 80 shares during the period. Finally, Harbour Capital Advisors LLC purchased a new position in shares of McCormick & Company, in the first quarter worth $317,000. HighTower Advisors LLC now owns 43,404 shares of the company's stock valued at $4,239,000 after purchasing an additional 360 shares in the last quarter.
TRADEMARK VIOLATION WARNING: This article was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark laws.
Zacks upgraded the shares of MKC in report on Monday, August 24 to "Hold" rating. Zacks Investment Research upgraded shares of McCormick & Company, from a "hold" rating to a "buy" rating and set a $114.00 price objective for the company in a research report on Monday, October 2nd. Finally, Credit Suisse Group AG raised McCormick & Co. from a "neutral" rating to an "outperform" rating and set a $111.00 price target on the stock in a research note on Tuesday, October 25th. Sanford C. Bernstein cut McCormick & Co. from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $113.00 to $104.00 in a research note on Friday, September 16th. The forecast of 3 surveyed investment analysts covering the stock advises investors to Buy stake in the company. The company now has a consensus rating of "Hold" and a consensus price target of $100.99. The stock was sold at an average price of $96.26, for a total value of $240,650.00. Following the completion of the sale, the vice president now directly owns 19,248 shares in the company, valued at $1,974,844.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael D. Mangan sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $98.68, for a total transaction of $296,040.00. Clean Yield Group owns 1.97% invested in McCormick & Company, Incorporated (NYSE:MKC) for 48,142 shares. The disclosure for this sale can be found here. The fund acquired 26,524 shares of the company's stock, valued at approximately $2,722,000. Winslow Evans Crocker holds 0% in McCormick & Company, Incorporated (NYSE:MKC) or 318 shares. The company has a current ratio of 0.95, a quick ratio of 0.47 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $12,696.23, a price-to-earnings ratio of 24.41, a PEG ratio of 2.45 and a beta of 0.53.
McCormick & Company, Incorporated most recently reported earnings per share (EPS) of $1.12 for the August 2017 versus $1.03 in the same quarter a year ago, representing 9% growth. "The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts" consensus estimates of $1.05 by $0.07. The company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.17 billion. The company's net profit margin has achieved the current level of 10 percent and possesses 41.2 percent gross margin.
Among 12 analysts covering McCormick & Company (NYSE:MKC), 4 have Buy rating, 0 Sell and 8 Hold. Oakbrook Investments Ltd Com reported 1.69% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC).
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Sg Americas Securities Ltd Limited Liability Company owns 10,007 shares for 0.01% of their portfolio. The ex-dividend date of this dividend was Thursday, October 6th.
Volatility on a weekly basis sums at 1.92% * together with the monthly volatility of 1.31% *. McCormick & Company, 's dividend payout ratio (DPR) is 51.93%.
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 Firm is involved in the manufacturing and sales of flavorful products.
Other institutional investors also recently made changes to their positions in the company.