Legal & General Group Plc increased its stake in McCormick & Company, Incorporated (NYSE:MKC) by 5.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 674,546 shares of the company’s stock after buying an additional 33,406 shares during the period. Legal & General Group Plc owned 0.54% of McCormick & Company, worth $65,763,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FNY Managed Accounts LLC acquired a new position in McCormick & Company, during the first quarter worth about $135,000. Harfst & Associates Inc. acquired a new position in McCormick & Company, during the first quarter worth about $139,000. Van ECK Associates Corp increased its position in McCormick & Company, by 6.9% in the first quarter. Van ECK Associates Corp now owns 1,689 shares of the company’s stock worth $165,000 after buying an additional 109 shares during the last quarter. IFP Advisors Inc increased its position in McCormick & Company, by 28.4% in the second quarter. IFP Advisors Inc now owns 1,784 shares of the company’s stock worth $174,000 after buying an additional 395 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in McCormick & Company, by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,995 shares of the company’s stock worth $195,000 after buying an additional 66 shares during the last quarter. 73.69% of the stock is owned by institutional investors.

Shares of McCormick & Company, Incorporated (MKC) opened at 94.91 on Friday. McCormick & Company, Incorporated has a 52-week low of $88.64 and a 52-week high of $106.50. The company has a market capitalization of $11.83 billion, a P/E ratio of 25.21 and a beta of 0.52. The firm’s 50 day moving average is $95.65 and its 200-day moving average is $99.09.

McCormick & Company, (NYSE:MKC) last released its earnings results on Thursday, June 29th. The company reported $0.82 earnings per share (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 firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities research analysts anticipate that McCormick & Company, Incorporated will post $4.14 earnings per share for the current fiscal year.

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MKC has been the topic of a number of recent research reports. 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. Goldman Sachs Group, Inc. (The) initiated coverage on shares of McCormick & Company, in a research report on Friday, June 16th. They issued 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 raised their price target for the stock 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 issued a buy rating to the stock. McCormick & Company, presently has an average rating of “Hold” and a consensus target price of $104.00.

McCormick & Company, Company Profile

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, (NYSE:MKC)

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