Carderock Capital Management Inc. Grows Holdings in McCormick & Company, Incorporated (MKC)

Carderock Capital Management Inc. increased its position in McCormick & Company, Incorporated (NYSE:MKC) by 0.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,625 shares of the company’s stock after purchasing an additional 51 shares during the period. McCormick & Company, accounts for 1.9% of Carderock Capital Management Inc.’s portfolio, making the stock its 24th biggest position. Carderock Capital Management Inc.’s holdings in McCormick & Company, were worth $4,156,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Fiduciary Trust Co. purchased a new stake in McCormick & Company, in the second quarter worth $244,000. Ffcm LLC grew its stake in McCormick & Company, by 8.1% in the second quarter. Ffcm LLC now owns 4,129 shares of the company’s stock worth $403,000 after purchasing an additional 311 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its stake in McCormick & Company, by 19.1% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 77,159 shares of the company’s stock worth $7,524,000 after purchasing an additional 12,357 shares during the period. Farr Miller & Washington LLC DC grew its stake in McCormick & Company, by 67.7% in the second quarter. Farr Miller & Washington LLC DC now owns 4,866 shares of the company’s stock worth $474,000 after purchasing an additional 1,965 shares during the period. Finally, Delta Lloyd Asset Management N.V. purchased a new stake in McCormick & Company, in the second quarter worth $2,025,000. 72.74% of the stock is currently owned by institutional investors.

McCormick & Company, Incorporated (NYSE:MKC) opened at 97.72 on Thursday. McCormick & Company, Incorporated has a 1-year low of $88.64 and a 1-year high of $106.50. The stock has a 50 day moving average price of $96.50 and a 200 day moving average price of $99.04. The company has a market cap of $12.18 billion, a P/E ratio of 25.95 and a beta of 0.52.

McCormick & Company, (NYSE:MKC) last released its quarterly earnings results on Thursday, June 29th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. McCormick & Company, had a return on equity of 28.28% and a net margin of 10.69%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. McCormick & Company,’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that McCormick & Company, Incorporated will post $4.13 EPS for the current fiscal year.

Several equities research analysts recently weighed in on MKC shares. Zacks Investment Research raised McCormick & Company, from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research note on Thursday, June 1st. Goldman Sachs Group, Inc. (The) started coverage on McCormick & Company, in a research note on Friday, June 16th. They issued a “neutral” rating and a $101.00 target price on the stock. BidaskClub cut McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Credit Suisse Group set a $108.00 price target on McCormick & Company, and gave the company a “buy” rating in a report on Saturday, July 1st. Finally, Edward Jones raised McCormick & Company, from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. McCormick & Company, currently has an average rating of “Buy” and a consensus target price of $103.50.

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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.

Institutional Ownership by Quarter for McCormick & Company, (NYSE:MKC)

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