Andra AP fonden increased its holdings in MCCORMICK & CO /SH NV (NYSE:MKC) by 31.6% in the second quarter, HoldingsChannel reports. The firm owned 48,700 shares of the company’s stock after acquiring an additional 11,700 shares during the period. Andra AP fonden’s holdings in MCCORMICK & CO /SH were worth $5,654,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MKC. Putnam Investments LLC boosted its stake in shares of MCCORMICK & CO /SH by 23.6% in the 2nd quarter. Putnam Investments LLC now owns 2,567,422 shares of the company’s stock valued at $298,052,000 after purchasing an additional 489,488 shares in the last quarter. FMR LLC boosted its stake in shares of MCCORMICK & CO /SH by 89.1% in the 2nd quarter. FMR LLC now owns 916,815 shares of the company’s stock valued at $106,433,000 after purchasing an additional 431,896 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of MCCORMICK & CO /SH in the 1st quarter valued at $45,205,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of MCCORMICK & CO /SH by 180.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 562,773 shares of the company’s stock valued at $65,333,000 after purchasing an additional 361,921 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in shares of MCCORMICK & CO /SH by 3,470.6% in the 2nd quarter. Glenmede Trust Co. NA now owns 352,453 shares of the company’s stock valued at $40,917,000 after purchasing an additional 342,582 shares in the last quarter. 82.59% of the stock is owned by institutional investors.

Shares of MKC opened at $130.22 on Monday. The firm has a market cap of $17.09 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 2.92 and a beta of 0.55. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.85 and a quick ratio of 0.42. MCCORMICK & CO /SH NV has a twelve month low of $93.70 and a twelve month high of $132.83.

MCCORMICK & CO /SH (NYSE:MKC) last announced its quarterly earnings results on Thursday, June 28th. The company reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.09. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. MCCORMICK & CO /SH had a net margin of 15.83% and a return on equity of 21.98%. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 EPS. equities research analysts forecast that MCCORMICK & CO /SH NV will post 4.96 EPS for the current fiscal year.

In other MCCORMICK & CO /SH news, Director Alan D. Wilson sold 158,600 shares of the stock in a transaction on Thursday, June 28th. The shares were sold at an average price of $110.00, for a total transaction of $17,446,000.00. Following the completion of the sale, the director now owns 212,894 shares of the company’s stock, valued at approximately $23,418,340. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alan D. Wilson sold 100,000 shares of the stock in a transaction 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 sale, the director now directly owns 212,894 shares of the company’s stock, valued at approximately $26,675,618.20. The disclosure for this sale can be found here. Insiders have sold a total of 266,600 shares of company stock valued at $30,935,200 in the last three months. 19.20% of the stock is currently owned by corporate insiders.

MKC has been the subject of a number of research reports. ValuEngine raised shares of MCCORMICK & CO /SH from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $123.00 price objective on shares of MCCORMICK & CO /SH in a research note on Thursday, June 28th. Zacks Investment Research raised shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Vertical Group cut shares of MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a research report on Friday, June 29th. They noted that the move was a valuation call. Finally, Citigroup increased their price target on shares of MCCORMICK & CO /SH from $114.00 to $117.00 and gave the company a “neutral” rating in a research report on Friday, June 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $114.25.

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.

See Also: Technical Analysis of Stocks and What It Means

Want to see what other hedge funds are holding MKC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MCCORMICK & CO /SH NV (NYSE:MKC).

Institutional Ownership by Quarter for MCCORMICK & CO /SH (NYSE:MKC)

Receive News & Ratings for MCCORMICK & CO /SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCCORMICK & CO /SH and related companies with MarketBeat.com's FREE daily email newsletter.