McCormick & Company, Incorporated (MKC) Holdings Cut by Thrivent Financial For Lutherans

Thrivent Financial For Lutherans trimmed its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,250 shares of the company’s stock after selling 495 shares during the period. Thrivent Financial For Lutherans’ holdings in McCormick & Company, Incorporated were worth $535,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of MKC. Zions Bancorporation lifted its holdings in McCormick & Company, Incorporated by 5,071.4% during the third quarter. Zions Bancorporation now owns 1,086 shares of the company’s stock valued at $111,000 after purchasing an additional 1,065 shares in the last quarter. Moneta Group Investment Advisors LLC purchased a new position in McCormick & Company, Incorporated during the third quarter valued at $200,000. Rockland Trust Co. purchased a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth about $200,000. GSA Capital Partners LLP purchased a new position in shares of McCormick & Company, Incorporated in the third quarter worth about $200,000. Finally, Pratt Collard Advisory Partners LLC purchased a new position in shares of McCormick & Company, Incorporated in the fourth quarter worth about $204,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

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In related news, VP Michael R. Smith sold 2,575 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $107.96, for a total transaction of $277,997.00. Following the completion of the sale, the vice president now directly owns 17,312 shares in the company, valued at $1,869,003.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Patricia A. Little sold 6,250 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $108.63, for a total transaction of $678,937.50. Following the sale, the director now owns 15,497 shares of the company’s stock, valued at $1,683,439.11. The disclosure for this sale can be found here. 19.20% of the stock is currently owned by company insiders.

MKC has been the topic of several research reports. Zacks Investment Research downgraded shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Credit Suisse Group set a $115.00 price target on shares of McCormick & Company, Incorporated and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Deutsche Bank downgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “sell” rating and decreased their price target for the stock from $103.00 to $98.00 in a research note on Friday, January 19th. Jefferies Group reissued a “buy” rating and issued a $120.00 price target on shares of McCormick & Company, Incorporated in a research note on Thursday, January 25th. Finally, Stifel Nicolaus raised their price target on shares of McCormick & Company, Incorporated from $103.00 to $110.00 and gave the stock a “hold” rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. McCormick & Company, Incorporated currently has a consensus rating of “Hold” and a consensus target price of $107.67.

Shares of McCormick & Company, Incorporated (MKC) opened at $105.72 on Monday. McCormick & Company, Incorporated has a 12-month low of $90.25 and a 12-month high of $111.46. The stock has a market cap of $13,860.42, a PE ratio of 24.93, a P/E/G ratio of 2.29 and a beta of 0.61. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.42 and a current ratio of 0.83.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings data on Thursday, January 25th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.02. McCormick & Company, Incorporated had a net margin of 9.88% and a return on equity of 25.30%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business earned $1.27 earnings per share. McCormick & Company, Incorporated’s revenue was up 21.5% compared to the same quarter last year. analysts predict that McCormick & Company, Incorporated will post 4.88 EPS for the current year.

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McCormick & Company, Incorporated 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, Incorporated (NYSE:MKC)

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