Westpac Banking Corp Holds Holdings in McCormick & Company, Incorporated (MKC)

Westpac Banking Corp maintained its position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,078 shares of the company’s stock at the close of the 2nd quarter. Westpac Banking Corp’s holdings in McCormick & Company, were worth $690,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cleararc Capital Inc. boosted its holdings in shares of McCormick & Company, by 0.3% in the 1st quarter. Cleararc Capital Inc. now owns 2,797 shares of the company’s stock valued at $273,000 after buying an additional 9 shares during the last quarter. HM Capital Management LLC boosted its holdings in shares of McCormick & Company, by 0.5% in the 2nd quarter. HM Capital Management LLC now owns 3,686 shares of the company’s stock valued at $359,000 after buying an additional 17 shares during the last quarter. Mission Wealth Management LLC boosted its holdings in shares of McCormick & Company, by 0.9% in the 1st quarter. Mission Wealth Management LLC now owns 2,340 shares of the company’s stock valued at $228,000 after buying an additional 22 shares during the last quarter. Ironwood Investment Management LLC boosted its holdings in shares of McCormick & Company, by 0.7% in the 2nd quarter. Ironwood Investment Management LLC now owns 3,628 shares of the company’s stock valued at $354,000 after buying an additional 25 shares during the last quarter. Finally, OLD National Bancorp IN boosted its holdings in shares of McCormick & Company, by 0.9% in the 2nd quarter. OLD National Bancorp IN now owns 4,377 shares of the company’s stock valued at $427,000 after buying an additional 37 shares during the last quarter. 72.90% of the stock is owned by institutional investors.

Shares of McCormick & Company, Incorporated (NYSE MKC) opened at 98.67 on Wednesday. The firm’s 50-day moving average price is $95.85 and its 200 day moving average price is $99.05. McCormick & Company, Incorporated has a one year low of $88.64 and a one year high of $106.50. The firm has a market cap of $12.29 billion, a P/E ratio of 26.21 and a beta of 0.52.

McCormick & Company, (NYSE:MKC) last posted its quarterly earnings data on Thursday, June 29th. The company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. Analysts predict that McCormick & Company, Incorporated will post $4.15 EPS for the current year.

Several equities research analysts have recently commented on the company. Jefferies Group LLC reissued a “buy” rating and issued a $110.00 price objective on shares of McCormick & Company, in a report on Thursday, August 31st. Zacks Investment Research downgraded McCormick & Company, from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. BidaskClub raised McCormick & Company, from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Edward Jones raised McCormick & Company, from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. Finally, Credit Suisse Group set a $108.00 price target on McCormick & Company, and gave the company a “buy” rating in a report on Saturday, July 1st. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $103.11.

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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.

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

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