MCCORMICK & CO /SH NV (MKC) Shares Bought by Profit Investment Management LLC

Profit Investment Management LLC raised its stake in MCCORMICK & CO /SH NV (NYSE:MKC) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,284 shares of the company’s stock after buying an additional 398 shares during the period. Profit Investment Management LLC’s holdings in MCCORMICK & CO /SH were worth $1,486,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MKC. Principal Financial Group Inc. grew its position in shares of MCCORMICK & CO /SH by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 339,013 shares of the company’s stock worth $36,067,000 after buying an additional 11,533 shares during the last quarter. Suntrust Banks Inc. boosted its holdings in shares of MCCORMICK & CO /SH by 13.1% during the 1st quarter. Suntrust Banks Inc. now owns 15,398 shares of the company’s stock valued at $1,636,000 after buying an additional 1,787 shares in the last quarter. Mount Yale Investment Advisors LLC bought a new stake in shares of MCCORMICK & CO /SH during the 1st quarter valued at $450,000. Brown Advisory Inc. boosted its holdings in shares of MCCORMICK & CO /SH by 6.1% during the 1st quarter. Brown Advisory Inc. now owns 108,672 shares of the company’s stock valued at $11,561,000 after buying an additional 6,289 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its holdings in shares of MCCORMICK & CO /SH by 14.4% during the 2nd quarter. Gulf International Bank UK Ltd now owns 39,832 shares of the company’s stock valued at $4,624,000 after buying an additional 5,000 shares in the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on MKC shares. Jefferies Financial Group reissued a “buy” rating and set a $150.00 price objective on shares of MCCORMICK & CO /SH in a research note on Wednesday, October 3rd. Barclays reissued a “hold” rating and set a $129.00 price objective on shares of MCCORMICK & CO /SH in a research note on Sunday, September 30th. UBS Group set a $130.00 price target on MCCORMICK & CO /SH and gave the stock a “hold” rating in a research report on Friday, September 28th. Credit Suisse Group set a $137.00 price target on MCCORMICK & CO /SH and gave the stock a “buy” rating in a research report on Friday, September 28th. Finally, Stifel Nicolaus boosted their price target on MCCORMICK & CO /SH from $117.00 to $125.00 and gave the stock a “hold” rating in a research report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. MCCORMICK & CO /SH has a consensus rating of “Hold” and an average price target of $124.44.



Shares of MCCORMICK & CO /SH stock opened at $139.67 on Friday. The stock has a market capitalization of $18.62 billion, a P/E ratio of 32.79, a PEG ratio of 3.15 and a beta of 0.57. MCCORMICK & CO /SH NV has a 1 year low of $93.70 and a 1 year high of $143.62. The company has a current ratio of 0.79, a quick ratio of 0.36 and a debt-to-equity ratio of 1.37.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 23rd. Investors of record on Tuesday, October 9th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, October 5th. This represents a $2.08 annualized dividend and a yield of 1.49%. MCCORMICK & CO /SH’s dividend payout ratio (DPR) is presently 48.83%.

In related news, Director Alan D. Wilson sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $125.30, for a total transaction of $12,530,000.00. Following the transaction, the director now owns 212,894 shares in the company, valued at $26,675,618.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Alan D. Wilson sold 111,000 shares of the stock in a transaction that occurred on Friday, October 19th. The shares were sold at an average price of $140.59, for a total transaction of $15,605,490.00. Following the transaction, the insider now owns 218,644 shares in the company, valued at approximately $30,739,159.96. The disclosure for this sale can be found here. Insiders sold a total of 216,000 shares of company stock worth $28,845,490 over the last ninety days. 19.20% of the stock is currently owned by insiders.

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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