Ffcm LLC raised its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 30.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,377 shares of the company’s stock after buying an additional 1,248 shares during the period. Ffcm LLC’s holdings in McCormick & Company, Incorporated were worth $552,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Harbour Capital Advisors LLC lifted its position in shares of McCormick & Company, Incorporated by 22,166.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 722,549 shares of the company’s stock worth $7,410,000 after purchasing an additional 719,304 shares during the last quarter. Koch Industries Inc. purchased a new stake in shares of McCormick & Company, Incorporated during the 2nd quarter worth $306,000. Vanguard Group Inc. lifted its position in shares of McCormick & Company, Incorporated by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 12,264,131 shares of the company’s stock worth $1,195,875,000 after purchasing an additional 301,377 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of McCormick & Company, Incorporated by 153.3% during the 2nd quarter. Janus Henderson Group PLC now owns 478,259 shares of the company’s stock worth $46,638,000 after purchasing an additional 289,474 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in shares of McCormick & Company, Incorporated by 106.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 422,425 shares of the company’s stock worth $41,191,000 after purchasing an additional 217,929 shares during the last quarter. 71.19% of the stock is owned by institutional investors.

McCormick & Company, Incorporated (NYSE MKC) traded up $0.12 during midday trading on Monday, reaching $99.13. 214,200 shares of the company’s stock were exchanged, compared to its average volume of 886,187. The company has a current ratio of 0.95, a quick ratio of 0.47 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $12,980.00, a price-to-earnings ratio of 24.97, a PEG ratio of 2.51 and a beta of 0.53. McCormick & Company, Incorporated has a one year low of $88.64 and a one year high of $106.50.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings data on Thursday, September 28th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. McCormick & Company, Incorporated had a net margin of 10.05% and a return on equity of 26.09%. McCormick & Company, Incorporated’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 earnings per share. research analysts anticipate that McCormick & Company, Incorporated will post 4.22 EPS for the current year.

Several equities research analysts have recently issued reports on MKC shares. Jefferies Group LLC set a $115.00 price objective on shares of McCormick & Company, Incorporated and gave the stock a “buy” rating in a research report on Saturday, October 7th. Zacks Investment Research raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research report on Monday, October 2nd. Credit Suisse Group reissued a “buy” rating and issued a $115.00 price target (up from $112.00) on shares of McCormick & Company, Incorporated in a research report on Friday, September 29th. Stifel Nicolaus reissued a “hold” rating and issued a $103.00 price target (up from $95.00) on shares of McCormick & Company, Incorporated in a research report on Monday, October 2nd. Finally, Citigroup Inc. boosted their price target on shares of McCormick & Company, Incorporated from $100.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, October 2nd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $106.00.

In other McCormick & Company, Incorporated news, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction on Monday, October 30th. The shares were sold at an average price of $99.50, for a total value of $497,500.00. Following the transaction, the director now directly owns 18,825 shares in the company, valued at $1,873,087.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Michael R. Smith sold 5,500 shares of McCormick & Company, Incorporated stock in a transaction on Friday, September 29th. The shares were sold at an average price of $102.60, for a total transaction of $564,300.00. Following the completion of the transaction, the vice president now owns 19,248 shares in the company, valued at $1,974,844.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,000 shares of company stock worth $1,598,490. 15.30% of the stock is currently owned by company insiders.

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McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

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Institutional Ownership by Quarter for McCormick & Company, Incorporated (NYSE:MKC)

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