MCCORMICK & CO /SH NV (NYSE:MKC) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board lowered its stake in MCCORMICK & CO /SH NV (NYSE:MKC) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,265 shares of the company’s stock after selling 2,400 shares during the period. Public Sector Pension Investment Board’s holdings in MCCORMICK & CO /SH were worth $3,609,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MKC. Vigilant Capital Management LLC raised its holdings in shares of MCCORMICK & CO /SH by 343.9% during the fourth quarter. Vigilant Capital Management LLC now owns 293 shares of the company’s stock worth $50,000 after purchasing an additional 227 shares during the last quarter. Pacitti Group Inc. acquired a new stake in shares of MCCORMICK & CO /SH in the fourth quarter valued at about $51,000. FIL Ltd grew its position in shares of MCCORMICK & CO /SH by 2,441.7% in the fourth quarter. FIL Ltd now owns 305 shares of the company’s stock valued at $52,000 after purchasing an additional 293 shares during the period. Global Retirement Partners LLC grew its position in shares of MCCORMICK & CO /SH by 317.9% in the third quarter. Global Retirement Partners LLC now owns 443 shares of the company’s stock valued at $69,000 after purchasing an additional 337 shares during the period. Finally, TRUE Private Wealth Advisors acquired a new stake in shares of MCCORMICK & CO /SH in the fourth quarter valued at about $74,000. 77.84% of the stock is owned by institutional investors and hedge funds.

MKC has been the topic of several research analyst reports. ValuEngine lowered shares of MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. UBS Group lowered shares of MCCORMICK & CO /SH from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $175.00 to $140.00 in a research report on Thursday, March 19th. Bank of America lowered shares of MCCORMICK & CO /SH from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $175.00 to $140.00 in a research report on Thursday, March 19th. Credit Suisse Group lowered their price target on shares of MCCORMICK & CO /SH from $160.00 to $155.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Finally, Goldman Sachs Group lowered shares of MCCORMICK & CO /SH from a “neutral” rating to a “sell” rating and set a $140.00 price target on the stock. in a research report on Tuesday, December 10th. Five research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. MCCORMICK & CO /SH currently has an average rating of “Hold” and an average price target of $149.00.

MKC traded up $7.62 on Thursday, reaching $131.81. 74,168 shares of the company’s stock were exchanged, compared to its average volume of 1,588,909. The stock has a market cap of $16.60 billion, a PE ratio of 25.07, a P/E/G ratio of 4.57 and a beta of 0.22. MCCORMICK & CO /SH NV has a twelve month low of $112.22 and a twelve month high of $174.58. The stock’s fifty day moving average price is $150.39 and its 200-day moving average price is $161.48. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.72 and a quick ratio of 0.35.

MCCORMICK & CO /SH (NYSE:MKC) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.61 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.61. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.52 billion. MCCORMICK & CO /SH had a net margin of 13.14% and a return on equity of 21.00%. MCCORMICK & CO /SH’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.67 earnings per share. As a group, research analysts predict that MCCORMICK & CO /SH NV will post 5.24 earnings per share for the current fiscal year.

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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