UBS Asset Management Americas Inc. Purchases 3,641 Shares of MCCORMICK & CO /SH NV (NYSE:MKC)

UBS Asset Management Americas Inc. grew its position in MCCORMICK & CO /SH NV (NYSE:MKC) by 0.6% in the second quarter, Holdings Channel reports. The fund owned 604,669 shares of the company’s stock after acquiring an additional 3,641 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in MCCORMICK & CO /SH were worth $93,730,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. ETRADE Capital Management LLC increased its holdings in MCCORMICK & CO /SH by 1.6% in the second quarter. ETRADE Capital Management LLC now owns 4,082 shares of the company’s stock valued at $633,000 after purchasing an additional 63 shares during the period. 6 Meridian increased its holdings in MCCORMICK & CO /SH by 2.0% in the second quarter. 6 Meridian now owns 3,473 shares of the company’s stock valued at $538,000 after purchasing an additional 69 shares during the period. Flagship Harbor Advisors LLC increased its holdings in MCCORMICK & CO /SH by 10.3% in the second quarter. Flagship Harbor Advisors LLC now owns 741 shares of the company’s stock valued at $114,000 after purchasing an additional 69 shares during the period. Capital Investment Advisory Services LLC grew its holdings in MCCORMICK & CO /SH by 40.0% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 245 shares of the company’s stock worth $39,000 after acquiring an additional 70 shares during the period. Finally, Glassman Wealth Services grew its holdings in MCCORMICK & CO /SH by 43.7% during the 1st quarter. Glassman Wealth Services now owns 240 shares of the company’s stock worth $36,000 after acquiring an additional 73 shares during the period. Institutional investors own 80.25% of the company’s stock.

In other MCCORMICK & CO /SH news, Director Jacques Tapiero sold 2,500 shares of MCCORMICK & CO /SH stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $169.21, for a total transaction of $423,025.00. Following the transaction, the director now owns 10,868 shares of the company’s stock, valued at approximately $1,838,974.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Nneka Louise Rimmer sold 2,070 shares of MCCORMICK & CO /SH stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $154.02, for a total transaction of $318,821.40. Following the transaction, the vice president now directly owns 6,209 shares in the company, valued at approximately $956,310.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,272 shares of company stock worth $7,197,181. 11.00% of the stock is owned by insiders.



MCCORMICK & CO /SH stock traded up $0.74 during trading hours on Wednesday, reaching $160.58. 19,947 shares of the company’s stock were exchanged, compared to its average volume of 650,814. The company has a quick ratio of 0.35, a current ratio of 0.79 and a debt-to-equity ratio of 1.18. The firm’s 50 day simple moving average is $162.21 and its 200 day simple moving average is $155.73. MCCORMICK & CO /SH NV has a twelve month low of $119.00 and a twelve month high of $171.10. The firm has a market capitalization of $21.22 billion, a PE ratio of 32.24, a PEG ratio of 3.79 and a beta of 0.16.

MCCORMICK & CO /SH (NYSE:MKC) last issued its earnings results on Thursday, June 27th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.07. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. MCCORMICK & CO /SH had a return on equity of 21.42% and a net margin of 12.73%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the business posted $1.02 EPS. Analysts anticipate that MCCORMICK & CO /SH NV will post 5.28 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Monday, October 7th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.42%. MCCORMICK & CO /SH’s payout ratio is 45.88%.

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

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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