McCormick & Company Incorporated (MKC) : Kelman-lazarov reduced its stake in McCormick & Company Incorporated by 8.81% during the most recent quarter end. The investment management company now holds a total of 17,602 shares of McCormick & Company Incorporated which is valued at $1,677,823 after selling 1,700 shares in McCormick & Company Incorporated , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.McCormick & Company Incorporated makes up approximately 0.95% of Kelman-lazarov’s portfolio.
Other Hedge Funds, Including , Dynamic Advisors Solutions reduced its stake in MKC by selling 242 shares or 2.99% in the most recent quarter. The Hedge Fund company now holds 7,854 shares of MKC which is valued at $748,643. McCormick & Company Incorporated makes up approx 0.29% of Dynamic Advisors Solutions’s portfolio.Eqis Capital Management reduced its stake in MKC by selling 484 shares or 0.96% in the most recent quarter. The Hedge Fund company now holds 49,910 shares of MKC which is valued at $4,782,875. McCormick & Company Incorporated makes up approx 0.30% of Eqis Capital Management’s portfolio.Ct Mason reduced its stake in MKC by selling 8,636 shares or 39.55% in the most recent quarter. The Hedge Fund company now holds 13,197 shares of MKC which is valued at $1,264,669. McCormick & Company Incorporated makes up approx 0.56% of Ct Mason’s portfolio.Washington Trust Bank boosted its stake in MKC in the latest quarter, The investment management firm added 1,233 additional shares and now holds a total of 1,358 shares of McCormick & Company Incorporated which is valued at $130,137. McCormick & Company Incorporated makes up approx 0.03% of Washington Trust Bank’s portfolio.
McCormick & Company Incorporated closed down -1.16 points or -1.22% at $94.16 with 5,98,471 shares getting traded on Tuesday. Post opening the session at $94.96, the shares hit an intraday low of $93.89 and an intraday high of $95.45 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, McCormick & Company Incorporated reported $0.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jun 30, 2016. Analyst had a consensus of $0.74. The company had revenue of $1063.30 million for the quarter, compared to analysts expectations of $1062.80 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.
Many Wall Street Analysts have commented on McCormick & Company Incorporated. McCormick & Company Incorporated was Downgraded by Bernstein to ” Mkt Perform” on Sep 16, 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.