PARK CIRCLE Co held its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,500 shares of the company’s stock at the end of the second quarter. McCormick & Company, comprises 2.4% of PARK CIRCLE Co’s holdings, making the stock its 11th largest position. PARK CIRCLE Co’s holdings in McCormick & Company, were worth $4,339,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MKC. Trust Co. of Vermont increased its stake in shares of McCormick & Company, by 1.6% in the first quarter. Trust Co. of Vermont now owns 45,767 shares of the company’s stock worth $4,464,000 after buying an additional 720 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of McCormick & Company, by 23.9% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,904 shares of the company’s stock worth $283,000 after buying an additional 560 shares in the last quarter. First Quadrant L P CA bought a new stake in shares of McCormick & Company, during the first quarter worth $3,922,000. US Bancorp DE increased its stake in shares of McCormick & Company, by 1.1% in the second quarter. US Bancorp DE now owns 67,180 shares of the company’s stock worth $6,550,000 after buying an additional 723 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of McCormick & Company, during the first quarter worth $572,000. 72.87% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated (NYSE MKC) opened at 94.65 on Tuesday. McCormick & Company, Incorporated has a one year low of $88.64 and a one year high of $106.50. The stock has a 50 day moving average of $95.65 and a 200 day moving average of $99.09. The company has a market cap of $11.79 billion, a PE ratio of 25.14 and a beta of 0.52.

McCormick & Company, (NYSE:MKC) last posted its earnings results on Thursday, June 29th. The company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.06. McCormick & Company, had a return on equity of 28.28% and a net margin of 10.69%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, analysts anticipate that McCormick & Company, Incorporated will post $4.14 earnings per share for the current fiscal year.

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A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research report on Thursday, June 1st. BidaskClub upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of McCormick & Company, in a research report on Friday, June 16th. They set a “neutral” rating and a $101.00 price target on the stock. Jefferies Group LLC upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating and increased their price target for the company from $95.00 to $110.00 in a research report on Friday, July 28th. Finally, Edward Jones upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research report on Tuesday, July 4th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. McCormick & Company, presently has an average rating of “Hold” and an average price target of $104.00.

About McCormick & Company,

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)

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