Cadinha & Co. LLC Has $341,000 Position in McCormick & Company, Incorporated (NYSE:MKC)

Cadinha & Co. LLC continued to hold its stake in McCormick & Company, Incorporated (NYSE:MKC) during the second quarter, Holdings Channel reports. The fund owned 3,500 shares of the company’s stock at the end of the second quarter. Cadinha & Co. LLC’s holdings in McCormick & Company, were worth $341,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. American Research & Management Co. increased its stake in McCormick & Company, by 5.8% in the first quarter. American Research & Management Co. now owns 17,410 shares of the company’s stock valued at $1,698,000 after buying an additional 950 shares in the last quarter. Orrstown Financial Services Inc. increased its stake in McCormick & Company, by 0.3% in the first quarter. Orrstown Financial Services Inc. now owns 12,057 shares of the company’s stock valued at $1,176,000 after buying an additional 37 shares in the last quarter. Regentatlantic Capital LLC increased its stake in McCormick & Company, by 0.6% in the first quarter. Regentatlantic Capital LLC now owns 3,196 shares of the company’s stock valued at $312,000 after buying an additional 20 shares in the last quarter. Bank of Montreal Can increased its stake in McCormick & Company, by 14.1% in the first quarter. Bank of Montreal Can now owns 181,961 shares of the company’s stock valued at $17,750,000 after buying an additional 22,498 shares in the last quarter. Finally, Fenimore Asset Management Inc. purchased a new stake in McCormick & Company, during the first quarter valued at about $3,518,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Shares of McCormick & Company, Incorporated (MKC) opened at 95.76 on Thursday. The stock has a market cap of $11.93 billion, a P/E ratio of 25.43 and a beta of 0.52. The firm’s 50-day moving average price is $96.17 and its 200 day moving average price is $99.00. McCormick & Company, Incorporated has a one year low of $88.64 and a one year high of $106.50.

McCormick & Company, (NYSE:MKC) last announced its earnings results on Thursday, June 29th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.06. McCormick & Company, had a return on equity of 28.28% and a net margin of 10.69%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts expect that McCormick & Company, Incorporated will post $4.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 10th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Thursday, July 6th. McCormick & Company,’s payout ratio is 49.87%.

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Several research firms recently issued reports on MKC. Zacks Investment Research downgraded McCormick & Company, from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Goldman Sachs Group, Inc. (The) started coverage on McCormick & Company, in a report on Friday, June 16th. They set a “neutral” rating and a $101.00 price target on the stock. Jefferies Group LLC restated a “hold” rating and set a $95.00 price target on shares of McCormick & Company, in a report on Friday, May 19th. Credit Suisse Group set a $108.00 price target on McCormick & Company, and gave the stock a “buy” rating in a report on Saturday, July 1st. Finally, Edward Jones upgraded McCormick & Company, from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $104.00.

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.

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

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