McCormick & Company Incorporated (MKC) : Reilly Herbert Faulkner Iii scooped up 731 additional shares in McCormick & Company Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 45,254 shares of McCormick & Company Incorporated which is valued at $4.5 Million.McCormick & Company Incorporated makes up approximately 3.25% of Reilly Herbert Faulkner Iii’s portfolio.
Other Hedge Funds, Including , Symphony Asset Management boosted its stake in MKC in the latest quarter, The investment management firm added 40,284 additional shares and now holds a total of 44,012 shares of McCormick & Company Incorporated which is valued at $4.3 Million. McCormick & Company Incorporated makes up approx 0.83% of Symphony Asset Management’s portfolio.Copeland Capital Management reduced its stake in MKC by selling 3,653 shares or 3.58% in the most recent quarter. The Hedge Fund company now holds 98,497 shares of MKC which is valued at $9.7 Million. McCormick & Company Incorporated makes up approx 0.68% of Copeland Capital Management’s portfolio.Bbva Compass Bancshares Inc reduced its stake in MKC by selling 842 shares or 7.07% in the most recent quarter. The Hedge Fund company now holds 11,061 shares of MKC which is valued at $1.1 Million. McCormick & Company Incorporated makes up approx 0.08% of Bbva Compass Bancshares Inc’s portfolio.Dynamic Advisors Solutions reduced its stake in MKC by selling 210 shares or 2.5% in the most recent quarter. The Hedge Fund company now holds 8,176 shares of MKC which is valued at $780,808. McCormick & Company Incorporated makes up approx 0.33% of Dynamic Advisors Solutions’s portfolio.
McCormick & Company Incorporated opened for trading at $96.63 and hit $96.95 on the upside on Wednesday, eventually ending the session at $96.72, with a gain of 0.01% or 0.01 points. The heightened volatility saw the trading volume jump to 6,72,068 shares. Company has a market cap of $12,276 M.
On the company’s financial health, McCormick & Company Incorporated reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Mar 29, 2016. Analyst had a consensus of $0.69. The company had revenue of $1030.20 million for the quarter, compared to analysts expectations of $1029.63 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.
Many Wall Street Analysts have commented on McCormick & Company Incorporated. Credit Suisse Resumed McCormick & Company Incorporated on Apr 20, 2016 to “Neutral”, Price Target of the shares are set at $95.McCormick & Company Incorporated was Downgraded by BB&T Capital Mkts to ” Hold” on Feb 18, 2016.
McCormick & Company Incorporated manufactures markets and distributes spices seasoning mixes condiments and other flavorful products to the food industry. The Company has two business segments: consumer and industrial. Under the Consumer segment its brands in the Americas include McCormick Lawry’s and Club House. It also markets ethnic brands such as Zatarain’s Thai Kitchen and Simply Asia. In Europe the Middle East and Africa (EMEA) its brands include the Ducros Schwartz and Kamis brands of spices herbs and seasonings and a line of Vahine brand dessert items. In the Asia/Pacific region it markets products under the McCormick and DaQiao brands. In Australia it markets products under the McCormick brand. In India its majority-owned joint venture owns and trades under the Kohinoor brand. In the industrial business segment it offers seasoning blends spices and herbs condiments coating systems and compound flavors to food manufacturers and foodservice customers.