Stone Ridge Asset Management LLC Has $1.44 Million Holdings in MCCORMICK & CO /SH NV (MKC)

Stone Ridge Asset Management LLC raised its stake in MCCORMICK & CO /SH NV (NYSE:MKC) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,371 shares of the company’s stock after buying an additional 100 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in MCCORMICK & CO /SH were worth $1,444,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA grew its holdings in shares of MCCORMICK & CO /SH by 34.3% during the 4th quarter. Private Trust Co. NA now owns 5,662 shares of the company’s stock worth $788,000 after purchasing an additional 1,446 shares during the period. YHB Investment Advisors Inc. lifted its stake in MCCORMICK & CO /SH by 15.8% during the 4th quarter. YHB Investment Advisors Inc. now owns 54,465 shares of the company’s stock worth $7,584,000 after acquiring an additional 7,432 shares in the last quarter. Korea Investment CORP lifted its stake in MCCORMICK & CO /SH by 74.7% during the 3rd quarter. Korea Investment CORP now owns 1,859 shares of the company’s stock worth $245,000 after acquiring an additional 795 shares in the last quarter. Vanguard Group Inc. lifted its stake in MCCORMICK & CO /SH by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 13,463,310 shares of the company’s stock worth $1,773,790,000 after acquiring an additional 79,040 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in MCCORMICK & CO /SH during the 3rd quarter worth about $263,000. Institutional investors own 81.33% of the company’s stock.

MKC stock traded down $0.41 during mid-day trading on Wednesday, reaching $139.89. The company had a trading volume of 1,526 shares, compared to its average volume of 1,016,969. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.74 and a quick ratio of 0.35. The firm has a market capitalization of $18.54 billion, a P/E ratio of 28.19, a P/E/G ratio of 2.98 and a beta of 0.24. MCCORMICK & CO /SH NV has a fifty-two week low of $99.53 and a fifty-two week high of $156.00.

MCCORMICK & CO /SH (NYSE:MKC) last posted its quarterly earnings results on Thursday, January 24th. The company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.03). The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.55 billion. MCCORMICK & CO /SH had a net margin of 17.26% and a return on equity of 21.34%. MCCORMICK & CO /SH’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.54 EPS. On average, analysts expect that MCCORMICK & CO /SH NV will post 5.25 EPS for the current year.

In other news, major shareholder Alan D. Wilson sold 90,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $140.00, for a total transaction of $12,600,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.00% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a research note on Monday, January 28th. Credit Suisse Group set a $108.00 target price on MCCORMICK & CO /SH and gave the stock a “buy” rating in a research note on Thursday, December 20th. Deutsche Bank raised MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Consumer Edge raised MCCORMICK & CO /SH from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 25th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $150.00 price target on shares of MCCORMICK & CO /SH in a research report on Monday, January 28th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $130.63.

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MCCORMICK & CO /SH Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. 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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