Mcdaniel Terry & Co. raised its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 38.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,573 shares of the company’s stock after acquiring an additional 29,656 shares during the period. McCormick & Company, comprises approximately 2.0% of Mcdaniel Terry & Co.’s investment portfolio, making the stock its 23rd largest holding. Mcdaniel Terry & Co. owned 0.09% of McCormick & Company, worth $10,392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of MKC. FNY Managed Accounts LLC bought a new position in McCormick & Company, during the 1st quarter valued at $135,000. Harfst & Associates Inc. bought a new position in McCormick & Company, during the 1st quarter valued at $139,000. Van ECK Associates Corp lifted its stake in McCormick & Company, by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 1,689 shares of the company’s stock valued at $165,000 after acquiring an additional 109 shares in the last quarter. IFP Advisors Inc lifted its stake in McCormick & Company, by 28.4% during the 2nd quarter. IFP Advisors Inc now owns 1,784 shares of the company’s stock valued at $174,000 after acquiring an additional 395 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in McCormick & Company, by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 1,995 shares of the company’s stock valued at $195,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 72.90% of the company’s stock.

Several equities analysts have weighed in on the company. Zacks Investment Research cut McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Goldman Sachs Group, Inc. (The) assumed coverage on McCormick & Company, in a research note on Friday, June 16th. They set a “neutral” rating and a $101.00 price objective on the stock. Jefferies Group LLC restated a “hold” rating and set a $95.00 price objective on shares of McCormick & Company, in a research note on Friday, May 19th. Credit Suisse Group set a $108.00 price objective on McCormick & Company, and gave the company a “buy” rating in a research note on Saturday, July 1st. Finally, Edward Jones upgraded McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. McCormick & Company, has an average rating of “Hold” and an average price target of $103.11.

McCormick & Company, Incorporated (NYSE MKC) traded up 0.77% during midday trading on Monday, hitting $98.35. The stock had a trading volume of 115,209 shares. The firm has a 50 day moving average of $95.79 and a 200 day moving average of $99.06. McCormick & Company, Incorporated has a 52 week low of $88.64 and a 52 week high of $106.50. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 26.12 and a beta of 0.52.

McCormick & Company, (NYSE:MKC) last announced its quarterly earnings results on Thursday, June 29th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. McCormick & Company, had a return on equity of 28.28% and a net margin of 10.69%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. Equities research analysts predict that McCormick & Company, Incorporated will post $4.15 EPS for the current year.

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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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