Twin Tree Management LP Purchases 12,811 Shares of MCCORMICK & CO /SH NV (MKC)

Twin Tree Management LP increased its position in shares of MCCORMICK & CO /SH NV (NYSE:MKC) by 114.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,596 shares of the company’s stock after buying an additional 12,811 shares during the period. Twin Tree Management LP’s holdings in MCCORMICK & CO /SH were worth $210,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. South State Corp increased its stake in MCCORMICK & CO /SH by 18.1% in the third quarter. South State Corp now owns 2,233 shares of the company’s stock valued at $294,000 after purchasing an additional 343 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of MCCORMICK & CO /SH by 3.2% in the third quarter. Harbour Capital Advisors LLC now owns 11,872 shares of the company’s stock valued at $1,564,000 after acquiring an additional 370 shares during the period. Profit Investment Management LLC boosted its holdings in shares of MCCORMICK & CO /SH by 3.7% in the third quarter. Profit Investment Management LLC now owns 11,284 shares of the company’s stock valued at $1,486,000 after acquiring an additional 398 shares during the period. ST Germain D J Co. Inc. boosted its holdings in shares of MCCORMICK & CO /SH by 16.0% in the second quarter. ST Germain D J Co. Inc. now owns 3,015 shares of the company’s stock valued at $350,000 after acquiring an additional 415 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of MCCORMICK & CO /SH by 7.8% in the third quarter. Steward Partners Investment Advisory LLC now owns 5,746 shares of the company’s stock valued at $757,000 after acquiring an additional 415 shares during the period. Hedge funds and other institutional investors own 79.19% of the company’s stock.

MKC has been the subject of several research analyst reports. Barclays reissued a “hold” rating and issued a $129.00 price objective on shares of MCCORMICK & CO /SH in a report on Sunday, September 30th. Jefferies Financial Group reissued a “buy” rating and issued a $150.00 price objective on shares of MCCORMICK & CO /SH in a report on Wednesday, October 3rd. UBS Group set a $130.00 price objective on MCCORMICK & CO /SH and gave the company a “hold” rating in a report on Friday, September 28th. Stifel Nicolaus increased their price objective on MCCORMICK & CO /SH from $117.00 to $125.00 and gave the company a “hold” rating in a report on Friday, September 28th. Finally, Zacks Investment Research raised MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. MCCORMICK & CO /SH currently has an average rating of “Hold” and a consensus price target of $125.89.

In other news, major shareholder Alan D. Wilson sold 111,000 shares of the business’s stock in a transaction on Friday, October 19th. The stock was sold at an average price of $140.59, for a total transaction of $15,605,490.00. Following the sale, the insider now directly owns 218,644 shares of the company’s stock, valued at $30,739,159.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patricia A. Little sold 5,000 shares of the business’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $146.13, for a total value of $730,650.00. Following the sale, the director now directly owns 14,637 shares in the company, valued at $2,138,904.81. The disclosure for this sale can be found here. Insiders have sold 217,200 shares of company stock worth $30,747,866 over the last ninety days. 19.20% of the stock is owned by insiders.

NYSE:MKC opened at $144.44 on Friday. The firm has a market capitalization of $19.02 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 3.21 and a beta of 0.34. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.79 and a quick ratio of 0.36. MCCORMICK & CO /SH NV has a 1 year low of $98.34 and a 1 year high of $151.42.

MCCORMICK & CO /SH (NYSE:MKC) last announced its quarterly earnings results on Thursday, September 27th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. MCCORMICK & CO /SH had a return on equity of 21.83% and a net margin of 16.57%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the business posted $1.12 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, sell-side analysts anticipate that MCCORMICK & CO /SH NV will post 4.99 EPS for the current year.

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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 through two segments, Consumer and Industrial. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

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Institutional Ownership by Quarter for MCCORMICK & CO /SH (NYSE:MKC)

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