McCormick & Company, Incorporated (MKC) Stake Lifted by Twin Tree Management LP

Twin Tree Management LP increased its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,495 shares of the company’s stock after purchasing an additional 44 shares during the quarter. Twin Tree Management LP’s holdings in McCormick & Company, were worth $341,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in McCormick & Company, by 956.5% in the 1st quarter. BlackRock Inc. now owns 10,405,413 shares of the company’s stock valued at $1,015,049,000 after buying an additional 9,420,526 shares during the last quarter. Pioneer Investment Management Inc. raised its holdings in McCormick & Company, by 630.5% in the 1st quarter. Pioneer Investment Management Inc. now owns 865,785 shares of the company’s stock valued at $84,457,000 after buying an additional 747,268 shares during the last quarter. TimesSquare Capital Management LLC bought a new position in McCormick & Company, in the 1st quarter valued at approximately $72,060,000. Harbour Capital Advisors LLC increased its position in McCormick & Company, by 22,166.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 722,549 shares of the company’s stock valued at $7,410,000 after purchasing an additional 719,304 shares during the period. Finally, Vanguard Group Inc. increased its position in McCormick & Company, by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 11,962,754 shares of the company’s stock valued at $1,166,965,000 after purchasing an additional 420,241 shares during the period. 72.90% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of McCormick & Company, from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research report on Thursday, June 1st. Credit Suisse Group set a $108.00 price objective on shares of McCormick & Company, and gave the stock a “buy” rating in a research report on Saturday, July 1st. BidaskClub raised shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $95.00 price objective on shares of McCormick & Company, in a research report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) started coverage on McCormick & Company, in a report on Friday, June 16th. They issued a “neutral” rating and a $101.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $103.11.

WARNING: “McCormick & Company, Incorporated (MKC) Stake Lifted by Twin Tree Management LP” was posted by BBNS and is the property of of BBNS. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://baseballnewssource.com/markets/mccormick-company-incorporated-mkc-holdings-lifted-by-twin-tree-management-lp/1603327.html.

McCormick & Company, Incorporated (NYSE:MKC) traded up 0.78% during midday trading on Friday, hitting $99.24. The stock had a trading volume of 336,981 shares. The firm has a market cap of $12.37 billion, a price-to-earnings ratio of 26.36 and a beta of 0.52. McCormick & Company, Incorporated has a 52 week low of $88.64 and a 52 week high of $106.50. The firm has a 50 day moving average of $96.20 and a 200 day moving average of $99.04.

McCormick & Company, (NYSE:MKC) last posted its earnings results on Thursday, June 29th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.76 by $0.06. McCormick & Company, had a net margin of 10.69% and a return on equity of 28.28%. The firm 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 earned $0.75 EPS. McCormick & Company,’s quarterly revenue was up 4.8% on a year-over-year basis. Equities research analysts predict that McCormick & Company, Incorporated will post $4.13 EPS for the current year.

About McCormick & Company,

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)

Receive News & Ratings for McCormick & Company Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McCormick & Company Incorporated and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game


Leave a Reply

 
© 2006-2017 BBNS.