Hilltop Holdings Inc. lifted its stake in shares of MCCORMICK & CO /SH NV (NYSE:MKC) by 28.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,719 shares of the company’s stock after acquiring an additional 595 shares during the quarter. Hilltop Holdings Inc.’s holdings in MCCORMICK & CO /SH were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of MKC. Itau Unibanco Holding S.A. purchased a new position in MCCORMICK & CO /SH in the second quarter valued at $111,000. Tiverton Asset Management LLC purchased a new position in MCCORMICK & CO /SH in the first quarter valued at $105,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in MCCORMICK & CO /SH in the second quarter valued at $125,000. Signaturefd LLC purchased a new position in MCCORMICK & CO /SH in the first quarter valued at $116,000. Finally, IMS Capital Management purchased a new position in MCCORMICK & CO /SH in the second quarter valued at $128,000. 82.66% of the stock is currently owned by institutional investors and hedge funds.

NYSE MKC opened at $131.28 on Friday. 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 1 year low of $93.70 and a 1 year high of $131.88. The firm has a market capitalization of $17.22 billion, a price-to-earnings ratio of 30.82, a P/E/G ratio of 2.94 and a beta of 0.55.

MCCORMICK & CO /SH (NYSE:MKC) last released its quarterly earnings data on Thursday, June 28th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.09. MCCORMICK & CO /SH had a net margin of 15.83% and a return on equity of 21.98%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. MCCORMICK & CO /SH’s revenue for the quarter was up 19.1% on a year-over-year basis. sell-side analysts anticipate 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 company’s stock in a transaction on Thursday, June 28th. The shares were sold at an average price of $110.00, for a total value of $17,446,000.00. Following the completion of the transaction, the director now owns 212,894 shares in the company, valued at $23,418,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael R. Smith sold 8,000 shares of the company’s stock in a transaction on Monday, July 9th. The shares were sold at an average price of $119.90, for a total transaction of $959,200.00. Following the completion of the transaction, the vice president now owns 22,759 shares of the company’s stock, valued at approximately $2,728,804.10. The disclosure for this sale can be found here. Insiders sold 266,600 shares of company stock valued at $30,935,200 in the last 90 days. 19.20% of the stock is currently owned by insiders.

Several research firms recently commented on MKC. Zacks Investment Research lowered MCCORMICK & CO /SH from a “hold” rating to a “sell” rating in a report on Wednesday. Credit Suisse Group increased their target price on MCCORMICK & CO /SH from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Friday, June 29th. ValuEngine raised MCCORMICK & CO /SH from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Citigroup increased their target price on MCCORMICK & CO /SH from $114.00 to $117.00 and gave the company a “neutral” rating in a report on Friday, June 29th. Finally, Vertical Group lowered MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a report on Friday, June 29th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $114.25.

About MCCORMICK & CO /SH

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.

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

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