McCormick & Company (MKC) Position Increased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. increased its position in shares of McCormick & Company (NYSE:MKC) by 2.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,955 shares of the company’s stock after buying an additional 606 shares during the period. Stratos Wealth Partners LTD.’s holdings in McCormick & Company were worth $2,761,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tiverton Asset Management LLC bought a new stake in McCormick & Company in the 1st quarter valued at $105,000. Captrust Financial Advisors bought a new stake in McCormick & Company in the 4th quarter valued at $108,000. Signaturefd LLC bought a new stake in McCormick & Company in the 1st quarter valued at $116,000. Advisory Services Network LLC boosted its holdings in McCormick & Company by 307.7% in the 4th quarter. Advisory Services Network LLC now owns 2,006 shares of the company’s stock valued at $204,000 after purchasing an additional 1,514 shares during the period. Finally, Financial Gravity Companies Inc. bought a new stake in McCormick & Company in the 4th quarter valued at $224,000. 78.65% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have weighed in on MKC. Zacks Investment Research downgraded shares of McCormick & Company from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Credit Suisse Group increased their price target on shares of McCormick & Company from $120.00 to $122.00 and gave the company an “outperform” rating in a report on Wednesday, March 28th. Citigroup increased their price target on shares of McCormick & Company from $113.00 to $114.00 and gave the company a “neutral” rating in a report on Wednesday, March 28th. UBS increased their price target on shares of McCormick & Company from $106.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, March 28th. Finally, Sanford C. Bernstein increased their price target on shares of McCormick & Company from $113.00 to $118.00 and gave the company a “market perform” rating in a report on Wednesday, March 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. McCormick & Company presently has a consensus rating of “Hold” and a consensus price target of $111.89.

McCormick & Company opened at $103.44 on Friday, MarketBeat Ratings reports. The stock has a market cap of $13.53 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 2.33 and a beta of 0.57. McCormick & Company has a 52 week low of $90.25 and a 52 week high of $111.46. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 1.43.

McCormick & Company (NYSE:MKC) last released its quarterly earnings data on Tuesday, March 27th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.09. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.24 billion. McCormick & Company had a net margin of 16.04% and a return on equity of 23.39%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS. equities research analysts expect that McCormick & Company will post 4.92 EPS for the current year.

McCormick & Company 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.

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

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