Mccormick & Co Inc (NYSE:MKC) Institutional Investors Sentiment Increased in Q1 2018

July 16, 2018 - By Robert Shackelford

McCormick & Company, Incorporated (NYSE:MKC) Logo

Sentiment for Mccormick & Co Inc (NYSE:MKC)

Mccormick & Co Inc (NYSE:MKC) institutional sentiment increased to 1.28 in Q1 2018. Its up 0.12, from 1.16 in 2017Q4. The ratio improved, as 281 funds increased and started new stock positions, while 219 sold and trimmed positions in Mccormick & Co Inc. The funds in our partner’s database now own: 99.72 million shares, down from 100.61 million shares in 2017Q4. Also, the number of funds holding Mccormick & Co Inc in their top 10 stock positions increased from 6 to 10 for an increase of 4. Sold All: 29 Reduced: 190 Increased: 208 New Position: 73.

McCormick & Company, Incorporated makes, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company has market cap of $15.54 billion. The firm operates through two divisions, Consumer and Industrial. It has a 18.76 P/E ratio. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

The stock decreased 0.63% or $0.75 during the last trading session, reaching $118.39. About 378,870 shares traded. McCormick & Company, Incorporated (NYSE:MKC) has declined 0.71% since July 16, 2017 and is downtrending. It has underperformed by 13.28% the S&P500.

Analysts await McCormick & Company, Incorporated (NYSE:MKC) to report earnings on September, 27. They expect $1.27 earnings per share, up 13.39 % or $0.15 from last year’s $1.12 per share. MKC’s profit will be $166.70 million for 23.31 P/E if the $1.27 EPS becomes a reality. After $1.02 actual earnings per share reported by McCormick & Company, Incorporated for the previous quarter, Wall Street now forecasts 24.51 % EPS growth.

Reik & Co. Llc holds 9.8% of its portfolio in McCormick & Company, Incorporated for 283,044 shares. Financial Consulate Inc owns 77,371 shares or 4.36% of their US portfolio. Moreover, Jlb & Associates Inc has 3.37% invested in the company for 147,085 shares. The Texas-based Goodman Financial Corp has invested 3.21% in the stock. Reilly Herbert Faulkner Iii, a New York-based fund reported 51,755 shares.

Since January 1, 0001, it had 0 buys, and 4 insider sales for $19.36 million activity.

McCormick & Company, Incorporated (NYSE:MKC) Ratings Coverage

Ratings analysis reveals 14% of McCormick \u0026 Co’s analysts are positive. Out of 7 Wall Street analysts rating McCormick \u0026 Co, 1 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $106 while the high is $124. The stock’s average target of $113.20 is -4.38% below today’s ($118.39) share price. MKC was included in 10 notes of analysts from January 19, 2018. The rating was maintained by UBS with “Neutral” on Friday, January 26. The stock has “Neutral” rating by Citigroup on Friday, June 29. The firm has “Outperform” rating given on Friday, June 29 by Credit Suisse. The stock has “Neutral” rating by UBS on Wednesday, March 28. The stock of McCormick & Company, Incorporated (NYSE:MKC) has “Outperform” rating given on Wednesday, March 28 by Credit Suisse. Stifel Nicolaus maintained it with “Hold” rating and $110.0 target in Thursday, January 25 report. The company was maintained on Wednesday, March 28 by Citigroup. The stock of McCormick & Company, Incorporated (NYSE:MKC) earned “Hold” rating by Vertical Group on Friday, June 29. The firm has “Sell” rating by Deutsche Bank given on Friday, January 19.

More recent McCormick & Company, Incorporated (NYSE:MKC) news were published by: Benzinga.com which released: “McCormick & Co Q2 Earnings Outlook” on June 27, 2018. Also Seekingalpha.com published the news titled: “Morningstar cautious on McCormick” on July 05, 2018. Seekingalpha.com‘s news article titled: “Expect A Spicy Earnings Report From McCormick” with publication date: June 27, 2018 was also an interesting one.

McCormick & Company, Incorporated (NYSE:MKC) Institutional Positions Chart

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