Northwestern Mutual Wealth Management Co. Sells 8 Shares of McCormick & Company, Incorporated (MKC)

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of McCormick & Company, Incorporated (NYSE:MKC) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,357 shares of the company’s stock after selling 8 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in McCormick & Company, were worth $1,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MKC. Vanguard Group Inc. grew its holdings in McCormick & Company, by 3.6% during the first quarter. Vanguard Group Inc. now owns 11,962,754 shares of the company’s stock valued at $1,166,965,000 after purchasing an additional 420,241 shares during the period. BlackRock Inc. boosted its holdings 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 valued at $1,015,049,000 after buying an additional 9,420,526 shares during the period. State Street Corp boosted its holdings in shares of McCormick & Company, by 5.4% in the first quarter. State Street Corp now owns 7,256,472 shares of the company’s stock valued at $707,872,000 after buying an additional 368,990 shares during the period. Geode Capital Management LLC boosted its holdings in shares of McCormick & Company, by 6.6% in the first quarter. Geode Capital Management LLC now owns 1,207,462 shares of the company’s stock valued at $117,631,000 after buying an additional 74,953 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of McCormick & Company, by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,061,636 shares of the company’s stock valued at $103,563,000 after buying an additional 11,648 shares during the period. 72.90% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of McCormick & Company, from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Goldman Sachs Group, Inc. (The) began coverage on shares of McCormick & Company, in a research report on Friday, June 16th. They set a “neutral” rating and a $101.00 price target on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $95.00 price target on shares of McCormick & Company, in a research report on Friday, May 19th. Credit Suisse Group set a $108.00 price target on shares of McCormick & Company, and gave the stock a “buy” rating in a research report on Saturday, July 1st. Finally, Edward Jones raised shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research report on Tuesday, July 4th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. McCormick & Company, currently has a consensus rating of “Hold” and a consensus price target of $103.11.

Shares of McCormick & Company, Incorporated (MKC) opened at 98.02 on Tuesday. The stock has a 50 day moving average of $95.79 and a 200 day moving average of $99.06. McCormick & Company, Incorporated has a 1-year low of $88.64 and a 1-year high of $106.50. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 26.03 and a beta of 0.52.

McCormick & Company, (NYSE:MKC) last announced its earnings results on Thursday, June 29th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. McCormick & Company, had a return on equity of 28.28% and a net margin of 10.69%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. Analysts predict that McCormick & Company, Incorporated will post $4.15 EPS for the current year.

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About McCormick & Company,

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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