Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in McCormick & Company, Incorporated (NYSE:MKC) by 34.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,117 shares of the company’s stock after selling 5,721 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in McCormick & Company, were worth $1,141,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Toronto Dominion Bank grew its stake in shares of McCormick & Company, by 24.3% in the second quarter. Toronto Dominion Bank now owns 39,362 shares of the company’s stock worth $3,838,000 after purchasing an additional 7,684 shares in the last quarter. Swiss National Bank grew its stake in shares of McCormick & Company, by 1.2% in the second quarter. Swiss National Bank now owns 913,348 shares of the company’s stock worth $89,061,000 after purchasing an additional 10,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of McCormick & Company, by 15.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,241 shares of the company’s stock worth $2,949,000 after purchasing an additional 4,044 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of McCormick & Company, by 8.7% in the second quarter. Ameritas Investment Partners Inc. now owns 35,374 shares of the company’s stock worth $3,449,000 after purchasing an additional 2,843 shares in the last quarter. Finally, Trillium Asset Management LLC grew its stake in shares of McCormick & Company, by 12.2% in the third quarter. Trillium Asset Management LLC now owns 253,788 shares of the company’s stock worth $26,049,000 after purchasing an additional 27,677 shares in the last quarter. 71.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of McCormick & Company, Incorporated (NYSE:MKC) traded down $1.05 during mid-day trading on Friday, reaching $99.01. The company had a trading volume of 678,900 shares, compared to its average volume of 889,160. McCormick & Company, Incorporated has a fifty-two week low of $88.64 and a fifty-two week high of $106.50. The company has a market capitalization of $12,970.01, a PE ratio of 24.94, a P/E/G ratio of 2.51 and a beta of 0.53. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.47.

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

TRADEMARK VIOLATION WARNING: “Fjarde AP Fonden Fourth Swedish National Pension Fund Has $1.14 Million Holdings in McCormick & Company, Incorporated (MKC)” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.watchlistnews.com/fjarde-ap-fonden-fourth-swedish-national-pension-fund-has-1-14-million-holdings-in-mccormick-company-incorporated-mkc/1724164.html.

In other news, Director Freeman A. Hrabowski III sold 3,000 shares of the company’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $98.68, for a total transaction of $296,040.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael R. Smith sold 5,500 shares of the stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $102.60, for a total value of $564,300.00. Following the completion of the sale, the vice president now directly owns 19,248 shares of the company’s stock, valued at $1,974,844.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,000 shares of company stock valued at $1,598,490. 15.30% of the stock is currently owned by company insiders.

MKC has been the subject of several recent analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $110.00 price target on shares of McCormick & Company, in a research note on Thursday, August 31st. BidaskClub raised McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research raised McCormick & Company, from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Monday, October 2nd. Credit Suisse Group raised their target price on McCormick & Company, from $108.00 to $112.00 and gave the company an “outperform” rating in a research note on Monday, September 18th. Finally, Citigroup Inc. raised their target price on McCormick & Company, from $100.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 2nd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $106.00.

McCormick & Company, 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.

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

Receive News & Ratings for McCormick & Company Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McCormick & Company Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.