Norinchukin Bank The Has $14.30 Million Position in McCormick & Company, Incorporated (MKC)

Norinchukin Bank The increased its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 140,345 shares of the company’s stock after acquiring an additional 3,222 shares during the quarter. Norinchukin Bank The’s holdings in McCormick & Company, Incorporated were worth $14,302,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. American International Group Inc. boosted its position in McCormick & Company, Incorporated by 13.9% during the fourth quarter. American International Group Inc. now owns 42,848 shares of the company’s stock worth $4,367,000 after acquiring an additional 5,244 shares during the last quarter. Employees Retirement System of Texas boosted its position in McCormick & Company, Incorporated by 914.3% during the fourth quarter. Employees Retirement System of Texas now owns 71,000 shares of the company’s stock worth $7,236,000 after acquiring an additional 64,000 shares during the last quarter. Clifford Swan Investment Counsel LLC acquired a new stake in McCormick & Company, Incorporated during the fourth quarter worth approximately $459,000. Waratah Capital Advisors Ltd. boosted its position in McCormick & Company, Incorporated by 354.2% during the fourth quarter. Waratah Capital Advisors Ltd. now owns 38,962 shares of the company’s stock worth $3,971,000 after acquiring an additional 30,383 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in McCormick & Company, Incorporated by 4.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,067,951 shares of the company’s stock worth $108,835,000 after acquiring an additional 41,446 shares during the last quarter. Hedge funds and other institutional investors own 76.46% of the company’s stock.

In other news, VP Michael R. Smith sold 2,575 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $107.96, for a total value of $277,997.00. Following the transaction, the vice president now owns 17,312 shares of the company’s stock, valued at approximately $1,869,003.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Patricia A. Little sold 6,250 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $108.63, for a total transaction of $678,937.50. Following the completion of the transaction, the director now directly owns 15,497 shares in the company, valued at approximately $1,683,439.11. The disclosure for this sale can be found here. 15.30% of the stock is owned by company insiders.

McCormick & Company, Incorporated (NYSE MKC) opened at $105.50 on Monday. The firm has a market cap of $13,831.58, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 2.31 and a beta of 0.61. McCormick & Company, Incorporated has a 1-year low of $90.25 and a 1-year high of $109.67. The company has a quick ratio of 0.42, a current ratio of 0.83 and a debt-to-equity ratio of 1.73.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings results on Thursday, January 25th. The company reported $1.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.02. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.48 billion. McCormick & Company, Incorporated had a net margin of 9.88% and a return on equity of 25.30%. McCormick & Company, Incorporated’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the business earned $1.27 EPS. equities research analysts expect that McCormick & Company, Incorporated will post 4.88 earnings per share for the current year.

MKC has been the topic of a number of analyst reports. Jefferies Group set a $120.00 target price on shares of McCormick & Company, Incorporated and gave the stock a “buy” rating in a research report on Monday, October 30th. Zacks Investment Research lowered shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. Credit Suisse Group set a $115.00 price target on shares of McCormick & Company, Incorporated and gave the company a “buy” rating in a report on Tuesday, December 12th. Deutsche Bank lowered shares of McCormick & Company, Incorporated from a “hold” rating to a “sell” rating and decreased their price target for the company from $103.00 to $98.00 in a report on Friday, January 19th. Finally, Stifel Nicolaus lifted their price target on shares of McCormick & Company, Incorporated from $103.00 to $110.00 and gave the company a “hold” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $107.67.

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About McCormick & Company, Incorporated

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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