Colony Group LLC Has $11.36 Million Holdings in MCCORMICK & CO /SH NV (MKC)

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Colony Group LLC decreased its position in MCCORMICK & CO /SH NV (NYSE:MKC) by 18.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,587 shares of the company’s stock after selling 18,190 shares during the period. Colony Group LLC owned 0.06% of MCCORMICK & CO /SH worth $11,360,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC purchased a new stake in MCCORMICK & CO /SH in the 4th quarter valued at about $26,000. Winthrop Partners WNY LLC purchased a new stake in MCCORMICK & CO /SH in the 4th quarter valued at about $28,000. JNBA Financial Advisors purchased a new stake in MCCORMICK & CO /SH in the 4th quarter valued at about $28,000. Financial Advantage Inc. purchased a new stake in MCCORMICK & CO /SH in the 4th quarter valued at about $41,000. Finally, Sontag Advisory LLC purchased a new stake in MCCORMICK & CO /SH in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 81.33% of the company’s stock.

Several research firms have commented on MKC. Zacks Investment Research upgraded shares of MCCORMICK & CO /SH from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a research note on Monday, December 3rd. Credit Suisse Group set a $108.00 price target on shares of MCCORMICK & CO /SH and gave the stock a “buy” rating in a research note on Thursday, December 20th. Deutsche Bank upgraded shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Consumer Edge upgraded shares of MCCORMICK & CO /SH from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 25th. Finally, Jefferies Financial Group restated a “buy” rating and set a $150.00 price target on shares of MCCORMICK & CO /SH in a research note on Monday, January 28th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $130.63.

In other news, major shareholder Alan D. Wilson sold 90,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $140.00, for a total transaction of $12,600,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.00% of the company’s stock.

Shares of MKC stock opened at $143.28 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.74 and a debt-to-equity ratio of 1.27. MCCORMICK & CO /SH NV has a 12-month low of $99.53 and a 12-month high of $156.00. The company has a market cap of $18.42 billion, a PE ratio of 28.83, a P/E/G ratio of 2.95 and a beta of 0.24.

MCCORMICK & CO /SH (NYSE:MKC) last issued its quarterly earnings results on Thursday, January 24th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.03). MCCORMICK & CO /SH had a return on equity of 21.34% and a net margin of 17.26%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the business earned $1.54 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. Equities analysts forecast that MCCORMICK & CO /SH NV will post 5.25 earnings per share for the current fiscal year.

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MCCORMICK & CO /SH Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

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Institutional Ownership by Quarter for MCCORMICK & CO /SH (NYSE:MKC)

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