MCCORMICK & CO /SH NV (MKC) Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of MCCORMICK & CO /SH NV (NYSE:MKC) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,800,426 shares of the company’s stock after acquiring an additional 247,249 shares during the period. Geode Capital Management LLC’s holdings in MCCORMICK & CO /SH were worth $250,306,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Prudential PLC grew its holdings in MCCORMICK & CO /SH by 66.7% during the 4th quarter. Prudential PLC now owns 9,334 shares of the company’s stock worth $1,300,000 after acquiring an additional 3,734 shares in the last quarter. Royal London Asset Management Ltd. grew its holdings in MCCORMICK & CO /SH by 7.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 53,304 shares of the company’s stock worth $7,410,000 after acquiring an additional 3,496 shares in the last quarter. LS Investment Advisors LLC grew its holdings in MCCORMICK & CO /SH by 10.2% during the 4th quarter. LS Investment Advisors LLC now owns 36,855 shares of the company’s stock worth $5,132,000 after acquiring an additional 3,423 shares in the last quarter. Comerica Bank grew its holdings in MCCORMICK & CO /SH by 42.6% during the 4th quarter. Comerica Bank now owns 46,798 shares of the company’s stock worth $5,672,000 after acquiring an additional 13,991 shares in the last quarter. Finally, CWM LLC grew its holdings in MCCORMICK & CO /SH by 413.1% during the 4th quarter. CWM LLC now owns 24,854 shares of the company’s stock worth $3,461,000 after acquiring an additional 20,010 shares in the last quarter. 81.31% of the stock is owned by institutional investors.

Several brokerages have weighed in on MKC. Zacks Investment Research raised shares of MCCORMICK & CO /SH from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a report on Tuesday, April 2nd. Jefferies Financial Group restated a “buy” rating and issued a $150.00 price target on shares of MCCORMICK & CO /SH in a research report on Tuesday, March 26th. Deutsche Bank upgraded shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a research 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 research report on Friday, January 25th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $132.57.

In related news, VP Christina M. Mcmullen sold 2,000 shares of MCCORMICK & CO /SH stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $154.00, for a total value of $308,000.00. Following the sale, the vice president now directly owns 3,211 shares in the company, valued at approximately $494,494. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Michael R. Smith sold 9,200 shares of MCCORMICK & CO /SH stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $154.49, for a total transaction of $1,421,308.00. Following the completion of the sale, the vice president now owns 30,553 shares in the company, valued at $4,720,132.97. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 195,600 shares of company stock worth $28,628,076. Insiders own 11.00% of the company’s stock.

MCCORMICK & CO /SH stock opened at $155.60 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.34 and a current ratio of 0.78. MCCORMICK & CO /SH NV has a 1 year low of $99.53 and a 1 year high of $157.00. The stock has a market capitalization of $20.29 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 3.65 and a beta of 0.26.

MCCORMICK & CO /SH (NYSE:MKC) last posted its quarterly earnings results on Tuesday, March 26th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.06. MCCORMICK & CO /SH had a net margin of 12.19% and a return on equity of 21.41%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the firm posted $1.00 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, research analysts expect that MCCORMICK & CO /SH NV will post 5.27 earnings per share 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 in two segments, Consumer and Flavor Solutions. 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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