Crestwood Advisors Group LLC Acquires 205,190 Shares of McCormick & Company, Incorporated (NYSE:MKC)


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Crestwood Advisors Group LLC boosted its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 102.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 405,250 shares of the company’s stock after acquiring an additional 205,190 shares during the quarter. McCormick & Company, Incorporated accounts for approximately 1.3% of Crestwood Advisors Group LLC’s holdings, making the stock its 28th largest position. Crestwood Advisors Group LLC owned approximately 0.15% of McCormick & Company, Incorporated worth $38,742,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MKC. Xponance Inc. raised its stake in McCormick & Company, Incorporated by 0.5% during the 3rd quarter. Xponance Inc. now owns 12,266 shares of the company’s stock valued at $2,381,000 after buying an additional 62 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in shares of McCormick & Company, Incorporated by 1.6% in the 3rd quarter. Wetherby Asset Management Inc. now owns 4,178 shares of the company’s stock worth $811,000 after purchasing an additional 65 shares in the last quarter. Great Lakes Advisors LLC increased its stake in shares of McCormick & Company, Incorporated by 1.4% in the 3rd quarter. Great Lakes Advisors LLC now owns 4,935 shares of the company’s stock worth $958,000 after purchasing an additional 66 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of McCormick & Company, Incorporated by 0.5% in the 3rd quarter. CIBC Asset Management Inc now owns 13,132 shares of the company’s stock worth $2,549,000 after purchasing an additional 66 shares in the last quarter. Finally, Smithfield Trust Co. increased its stake in shares of McCormick & Company, Incorporated by 4.6% in the 3rd quarter. Smithfield Trust Co. now owns 1,555 shares of the company’s stock worth $302,000 after purchasing an additional 68 shares in the last quarter. 37.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:MKC traded up $1.61 during midday trading on Tuesday, hitting $85.57. The company had a trading volume of 25,291 shares, compared to its average volume of 1,374,540. The company has a market cap of $22.84 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 5.74 and a beta of 0.44. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.42. The company has a fifty day moving average of $91.14 and a two-hundred day moving average of $95.51. McCormick & Company, Incorporated has a 12-month low of $56.11 and a 12-month high of $105.54.

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

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

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