Prospera Financial Services Inc Takes $216,000 Position in MCCORMICK & CO /SH NV (NYSE:MKC)

Prospera Financial Services Inc purchased a new stake in shares of MCCORMICK & CO /SH NV (NYSE:MKC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,551 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors have also recently made changes to their positions in the company. Krane Funds Advisors LLC acquired a new stake in shares of MCCORMICK & CO /SH during the 2nd quarter valued at $26,000. Glassman Wealth Services boosted its position in MCCORMICK & CO /SH by 43.7% in the 1st quarter. Glassman Wealth Services now owns 240 shares of the company’s stock valued at $36,000 after buying an additional 73 shares during the period. Capital Investment Advisory Services LLC boosted its position in MCCORMICK & CO /SH by 40.0% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 245 shares of the company’s stock valued at $39,000 after buying an additional 70 shares during the period. Ascent Wealth Partners LLC purchased a new stake in MCCORMICK & CO /SH in the 1st quarter valued at about $41,000. Finally, Private Ocean LLC boosted its position in MCCORMICK & CO /SH by 72.9% in the 2nd quarter. Private Ocean LLC now owns 313 shares of the company’s stock valued at $48,000 after buying an additional 132 shares during the period. Institutional investors and hedge funds own 80.25% of the company’s stock.

In other news, insider Malcolm Swift sold 27,200 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $169.28, for a total transaction of $4,604,416.00. Following the completion of the transaction, the insider now directly owns 50,039 shares in the company, valued at approximately $8,470,601.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Nneka Louise Rimmer sold 2,070 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $154.02, for a total value of $318,821.40. Following the transaction, the vice president now owns 6,209 shares of the company’s stock, valued at $956,310.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,272 shares of company stock valued at $7,197,181. Company insiders own 11.00% of the company’s stock.



A number of analysts recently issued reports on MKC shares. UBS Group set a $155.00 price objective on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a report on Friday, June 28th. JPMorgan Chase & Co. lowered shares of MCCORMICK & CO /SH from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $154.00 to $150.00 in a report on Tuesday, August 20th. Citigroup increased their price objective on shares of MCCORMICK & CO /SH from $155.00 to $166.00 and gave the stock a “neutral” rating in a report on Friday, June 28th. Zacks Investment Research upgraded shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating and set a $161.00 price objective on the stock in a report on Thursday, May 30th. Finally, Deutsche Bank set a $142.00 price objective on shares of MCCORMICK & CO /SH and gave the stock a “hold” rating in a report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $142.89.

MKC traded up $1.10 on Friday, reaching $161.13. 9,526 shares of the company’s stock were exchanged, compared to its average volume of 643,652. The company’s 50 day moving average is $162.12 and its 200-day moving average is $155.13. The company has a market cap of $21.07 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 3.76 and a beta of 0.16. MCCORMICK & CO /SH NV has a twelve month low of $119.00 and a twelve month high of $171.10. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.35 and a current ratio of 0.79.

MCCORMICK & CO /SH (NYSE:MKC) last issued its quarterly earnings data on Thursday, June 27th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.07. MCCORMICK & CO /SH had a net margin of 12.73% and a return on equity of 21.42%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company earned $1.02 earnings per share. MCCORMICK & CO /SH’s revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts forecast that MCCORMICK & CO /SH NV will post 5.28 EPS for the current year.

MCCORMICK & CO /SH Company 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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