Rothschild Asset Management Inc. Buys 523 Shares of McCormick & Company, Incorporated (MKC)

Rothschild Asset Management Inc. increased its position in McCormick & Company, Incorporated (NYSE:MKC) by 9.1% during the second quarter, Holdings Channel reports. The institutional investor owned 6,279 shares of the company’s stock after buying an additional 523 shares during the period. Rothschild Asset Management Inc.’s holdings in McCormick & Company, were worth $612,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of McCormick & Company, by 956.5% in the first quarter. BlackRock Inc. now owns 10,405,413 shares of the company’s stock worth $1,015,049,000 after buying an additional 9,420,526 shares in the last quarter. Pioneer Investment Management Inc. boosted its position in shares of McCormick & Company, by 630.5% in the first quarter. Pioneer Investment Management Inc. now owns 865,785 shares of the company’s stock worth $84,457,000 after buying an additional 747,268 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in shares of McCormick & Company, during the first quarter worth approximately $72,060,000. Harbour Capital Advisors LLC boosted its position in shares of McCormick & Company, by 22,166.5% in the second quarter. Harbour Capital Advisors LLC now owns 722,549 shares of the company’s stock worth $7,410,000 after buying an additional 719,304 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of McCormick & Company, by 3.6% in the first quarter. Vanguard Group Inc. now owns 11,962,754 shares of the company’s stock worth $1,166,965,000 after buying an additional 420,241 shares in the last quarter. Institutional investors own 73.91% of the company’s stock.

Shares of McCormick & Company, Incorporated (NYSE MKC) opened at 95.20 on Friday. McCormick & Company, Incorporated has a 12 month low of $88.64 and a 12 month high of $106.50. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 25.29 and a beta of 0.52. The stock’s 50 day moving average price is $96.03 and its 200-day moving average price is $98.97.

McCormick & Company, (NYSE:MKC) last released its quarterly earnings results on Thursday, June 29th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities analysts forecast that McCormick & Company, Incorporated will post $4.08 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 10th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, July 6th. McCormick & Company,’s dividend payout ratio (DPR) is 49.87%.

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MKC has been the topic of a number of recent research reports. Zacks Investment Research cut McCormick & Company, from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Edward Jones upgraded McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “hold” rating and set a $95.00 target price on shares of McCormick & Company, in a research report on Friday, May 19th. Goldman Sachs Group, Inc. (The) assumed coverage on McCormick & Company, in a research report on Friday, June 16th. They set a “neutral” rating and a $101.00 target price on the stock. Finally, BidaskClub lowered McCormick & Company, from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price 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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