Azimuth Capital Management LLC Has $6.25 Million Holdings in McCormick & Company, Incorporated (NYSE:MKC)

Azimuth Capital Management LLC lifted its position in McCormick & Company, Incorporated (NYSE:MKC) by 98.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 65,355 shares of the company’s stock after purchasing an additional 32,452 shares during the period. Azimuth Capital Management LLC’s holdings in McCormick & Company, Incorporated were worth $6,248,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MKC. Focused Wealth Management Inc raised its position in shares of McCormick & Company, Incorporated by 100.0% in the 4th quarter. Focused Wealth Management Inc now owns 282 shares of the company’s stock valued at $27,000 after acquiring an additional 141 shares during the period. Capital Advisors Ltd. LLC grew its stake in shares of McCormick & Company, Incorporated by 100.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 282 shares of the company’s stock worth $27,000 after acquiring an additional 141 shares in the last quarter. MPS Loria Financial Planners LLC grew its stake in shares of McCormick & Company, Incorporated by 212.0% during the 4th quarter. MPS Loria Financial Planners LLC now owns 312 shares of the company’s stock worth $29,000 after acquiring an additional 212 shares in the last quarter. Regent Peak Wealth Advisors LLC bought a new position in shares of McCormick & Company, Incorporated in the fourth quarter valued at $30,000. Finally, Valeo Financial Advisors LLC raised its position in McCormick & Company, Incorporated by 75.1% during the fourth quarter. Valeo Financial Advisors LLC now owns 331 shares of the company’s stock worth $32,000 after acquiring an additional 142 shares in the last quarter. Institutional investors and hedge funds own 37.49% of the company’s stock.

NYSE MKC traded up $1.26 on Tuesday, hitting $85.22. 26,703 shares of the stock were exchanged, compared to its average volume of 1,374,540. The company has a market capitalization of $22.75 billion, a PE ratio of 29.67, a P/E/G ratio of 5.74 and a beta of 0.44. The business’s fifty day moving average is $91.14 and its 200 day moving average is $95.51. McCormick & Company, Incorporated has a 52 week low of $56.11 and a 52 week high of $105.54. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.42.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Wednesday, January 27th. The company reported $0.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.02). McCormick & Company, Incorporated had a net margin of 13.75% and a return on equity of 20.93%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the company posted $1.61 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. Analysts predict that McCormick & Company, Incorporated will post 2.85 EPS for the current fiscal year.

About McCormick & Company, Incorporated

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 & Company, Incorporated (NYSE:MKC)

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