Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 2,005 Shares of MCCORMICK & CO /SH NV (MKC)

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in MCCORMICK & CO /SH NV (NYSE:MKC) by 6.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,677 shares of the company’s stock after acquiring an additional 2,005 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in MCCORMICK & CO /SH were worth $4,173,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Putnam Investments LLC grew its holdings in MCCORMICK & CO /SH by 23.6% during the second quarter. Putnam Investments LLC now owns 2,567,422 shares of the company’s stock worth $298,052,000 after purchasing an additional 489,488 shares during the period. Bank of New York Mellon Corp grew its holdings in MCCORMICK & CO /SH by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 1,106,098 shares of the company’s stock worth $145,727,000 after purchasing an additional 18,346 shares during the period. FMR LLC grew its holdings in MCCORMICK & CO /SH by 89.1% during the second quarter. FMR LLC now owns 916,815 shares of the company’s stock worth $106,433,000 after purchasing an additional 431,896 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in MCCORMICK & CO /SH by 11.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 627,267 shares of the company’s stock worth $82,644,000 after purchasing an additional 64,494 shares during the period. Finally, Jennison Associates LLC grew its holdings in MCCORMICK & CO /SH by 14.2% during the second quarter. Jennison Associates LLC now owns 525,567 shares of the company’s stock worth $61,013,000 after purchasing an additional 65,165 shares during the period. 79.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:MKC opened at $145.18 on Monday. MCCORMICK & CO /SH NV has a 12-month low of $98.34 and a 12-month high of $151.42. The company has a market cap of $19.11 billion, a PE ratio of 34.08, a PEG ratio of 3.23 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 (NYSE:MKC) last issued its quarterly earnings data on Thursday, September 27th. The company reported $1.28 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The business’s revenue was up 13.5% on a year-over-year basis. As a group, sell-side analysts predict that MCCORMICK & CO /SH NV will post 4.99 earnings per share for the current fiscal year.

A number of research firms recently commented on MKC. UBS Group set a $130.00 price target on MCCORMICK & CO /SH and gave the stock a “hold” rating in a report on Friday, September 28th. Jefferies Financial Group reiterated a “buy” rating and set a $150.00 price target on shares of MCCORMICK & CO /SH in a report on Wednesday, October 3rd. Credit Suisse Group set a $137.00 price target on MCCORMICK & CO /SH and gave the stock a “buy” rating in a report on Friday, September 28th. Stifel Nicolaus lifted their price target on MCCORMICK & CO /SH from $117.00 to $125.00 and gave the stock a “hold” rating in a report on Friday, September 28th. Finally, Zacks Investment Research cut MCCORMICK & CO /SH from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $125.89.

In other news, Director Patricia A. Little sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $146.13, for a total transaction of $730,650.00. Following the completion of the sale, the director now owns 14,637 shares in the company, valued at $2,138,904.81. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Christina M. Mcmullen sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $147.44, for a total value of $58,976.00. Following the sale, the vice president now owns 624 shares of the company’s stock, valued at approximately $92,002.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 217,200 shares of company stock valued at $30,747,866. Corporate insiders own 19.20% of the company’s stock.

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About MCCORMICK & CO /SH

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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