Financial Architects Inc raised its position in MCCORMICK & CO /SH NV (NYSE:MKC) by 433.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,477 shares of the company’s stock after buying an additional 1,200 shares during the period. Financial Architects Inc’s holdings in MCCORMICK & CO /SH were worth $209,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Trillium Asset Management LLC boosted its holdings in MCCORMICK & CO /SH by 7.8% in the 1st quarter. Trillium Asset Management LLC now owns 194,079 shares of the company’s stock worth $27,405,000 after buying an additional 14,066 shares during the last quarter. Checchi Capital Advisers LLC acquired a new position in shares of MCCORMICK & CO /SH during the 1st quarter worth approximately $268,000. Buckingham Asset Management LLC boosted its holdings in shares of MCCORMICK & CO /SH by 2.5% during the 1st quarter. Buckingham Asset Management LLC now owns 3,416 shares of the company’s stock worth $482,000 after purchasing an additional 82 shares during the last quarter. Veracity Capital LLC boosted its holdings in shares of MCCORMICK & CO /SH by 20.3% during the 1st quarter. Veracity Capital LLC now owns 11,770 shares of the company’s stock worth $1,662,000 after purchasing an additional 1,987 shares during the last quarter. Finally, Tobam boosted its holdings in shares of MCCORMICK & CO /SH by 307.3% during the 1st quarter. Tobam now owns 58,660 shares of the company’s stock worth $8,283,000 after purchasing an additional 44,257 shares during the last quarter. Institutional investors own 77.84% of the company’s stock.

Several brokerages have recently weighed in on MKC. Deutsche Bank lowered their target price on MCCORMICK & CO /SH from $163.00 to $139.00 and set a “hold” rating on the stock in a report on Wednesday, March 25th. Jefferies Financial Group restated a “sell” rating and set a $110.00 target price on shares of MCCORMICK & CO /SH in a report on Monday, March 30th. Bank of America cut MCCORMICK & CO /SH from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $175.00 to $140.00 in a report on Thursday, March 19th. Credit Suisse Group upgraded MCCORMICK & CO /SH from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $147.00 to $187.00 in a report on Thursday. Finally, UBS Group upgraded MCCORMICK & CO /SH to a “buy” rating and set a $160.00 target price on the stock in a report on Friday. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. MCCORMICK & CO /SH has a consensus rating of “Hold” and a consensus price target of $146.82.

Shares of MKC stock traded up $2.46 during trading on Friday, hitting $177.98. 1,856,094 shares of the stock traded hands, compared to its average volume of 988,320. The firm has a market capitalization of $22.61 billion, a P/E ratio of 34.10, a price-to-earnings-growth ratio of 6.41 and a beta of 0.33. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.74 and a quick ratio of 0.33. The firm’s fifty day moving average price is $152.32 and its 200-day moving average price is $159.25. MCCORMICK & CO /SH NV has a 52-week low of $112.22 and a 52-week high of $180.18.

MCCORMICK & CO /SH (NYSE:MKC) last released its quarterly earnings results on Tuesday, March 31st. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.05. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. MCCORMICK & CO /SH had a net margin of 13.13% and a return on equity of 20.53%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.12 EPS. As a group, equities research analysts expect that MCCORMICK & CO /SH NV will post 5.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 13th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Thursday, April 9th. MCCORMICK & CO /SH’s payout ratio is 46.36%.

MCCORMICK & CO /SH Company 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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