Reik Lowers stake in MCCORMICK & CO INC COM NON VTG (MKC)

MCCORMICK & CO INC COM NON VTG (MKC) : Reik reduced its stake in MCCORMICK & CO INC COM NON VTG by 1.95% during the most recent quarter end. The investment management company now holds a total of 284,358 shares of MCCORMICK & CO INC COM NON VTG which is valued at $26,092,690 after selling 5,650 shares in MCCORMICK & CO INC COM NON VTG , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.MCCORMICK & CO INC COM NON VTG makes up approximately 9.36% of Reik’s portfolio.

MCCORMICK & CO INC COM NON VTG closed down -0.06 points or -0.06% at $93 with 7,19,010 shares getting traded on Wednesday. Post opening the session at $93.25, the shares hit an intraday low of $92.025 and an intraday high of $93.71 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in MKC during the most recent quarter. The investment firm sold 25,804 shares of MKC which is valued $2,367,775.Raymond James Trust N.a. boosted its stake in MKC in the latest quarter, The investment management firm added 508 additional shares and now holds a total of 4,761 shares of MCCORMICK & CO INC COM NON VTG which is valued at $436,869. MCCORMICK & CO INC COM NON VTG makes up approx 0.04% of Raymond James Trust N.a.’s portfolio.Gateway Investment Advisers reduced its stake in MKC by selling 4,187 shares or 29.38% in the most recent quarter. The Hedge Fund company now holds 10,063 shares of MKC which is valued at $923,381. MCCORMICK & CO INC COM NON VTG makes up approx 0.01% of Gateway Investment Advisers’s portfolio.Bath Savings Trust Co boosted its stake in MKC in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 58,344 shares of MCCORMICK & CO INC COM NON VTG which is valued at $5,546,181. MCCORMICK & CO INC COM NON VTG makes up approx 1.77% of Bath Savings Trust Co’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in MKC in the latest quarter, The investment management firm added 3,028 additional shares and now holds a total of 24,835 shares of MCCORMICK & CO INC COM NON VTG which is valued at $2,360,815. MCCORMICK & CO INC COM NON VTG makes up approx 0.05% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

On the company’s financial health, MCCORMICK & CO INC COM NON VTG 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 & CO INC COM NON VTG. Credit Suisse Resumed MCCORMICK & CO INC COM NON VTG on Apr 20, 2016 to “Neutral”, Price Target of the shares are set at $95.MCCORMICK & CO INC COM NON VTG 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.

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