Commerzbank Aktiengesellschaft FI grew its holdings in shares of MCCORMICK & CO /SH NV (NYSE:MKC) by 35.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 47,107 shares of the company’s stock after purchasing an additional 12,322 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in MCCORMICK & CO /SH were worth $6,559,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. WINTON GROUP Ltd raised its holdings in MCCORMICK & CO /SH by 133.4% in the 4th quarter. WINTON GROUP Ltd now owns 5,260 shares of the company’s stock worth $732,000 after acquiring an additional 3,006 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in 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. Victory Capital Management Inc. raised its holdings in MCCORMICK & CO /SH by 42.0% in the 4th quarter. Victory Capital Management Inc. now owns 53,336 shares of the company’s stock worth $7,427,000 after acquiring an additional 15,784 shares during the last quarter. Everence Capital Management Inc. purchased a new position in MCCORMICK & CO /SH in the 4th quarter worth approximately $249,000. Finally, Meridian Wealth Management LLC purchased a new position in MCCORMICK & CO /SH in the 4th quarter worth approximately $245,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.
Get MCCORMICK & CO /SH alerts:NYSE:MKC opened at $127.40 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.74 and a debt-to-equity ratio of 1.27. MCCORMICK & CO /SH NV has a 12 month low of $99.53 and a 12 month high of $156.00. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 2.72 and a beta of 0.22.
MCCORMICK & CO /SH (NYSE:MKC) last posted its earnings results on Thursday, January 24th. The company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.03). MCCORMICK & CO /SH had a return on equity of 21.34% and a net margin of 17.26%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the firm posted $1.54 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. On average, sell-side analysts forecast that MCCORMICK & CO /SH NV will post 5.25 earnings per share for the current year.
A number of brokerages recently weighed in on MKC. Zacks Investment Research lowered shares of MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a report on Monday, January 28th. Credit Suisse Group restated a “neutral” rating and issued a $150.00 price objective (up from $137.00) on shares of MCCORMICK & CO /SH in a report on Friday, November 9th. Jefferies Financial Group restated a “buy” rating and issued a $150.00 price objective on shares of MCCORMICK & CO /SH in a report on Monday, January 28th. Deutsche Bank upgraded shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Finally, Consumer Edge upgraded shares of MCCORMICK & CO /SH from an “equal weight” rating to an “overweight” rating in a report on Friday, January 25th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. MCCORMICK & CO /SH currently has an average rating of “Hold” and an average target price of $130.63.
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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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