Clean Yield Group Has $5.79 Million Stock Position in McCormick & Company, Incorporated $MKC

Clean Yield Group lowered its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,337 shares of the company’s stock after selling 1,120 shares during the period. McCormick & Company, Incorporated makes up 1.7% of Clean Yield Group’s investment portfolio, making the stock its 15th biggest holding. Clean Yield Group’s holdings in McCormick & Company, Incorporated were worth $5,788,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MKC. Capital Analysts LLC acquired a new position in shares of McCormick & Company, Incorporated during the first quarter valued at about $26,000. Zions Bancorporation National Association UT bought a new stake in shares of McCormick & Company, Incorporated during the first quarter worth about $28,000. Wayfinding Financial LLC bought a new stake in shares of McCormick & Company, Incorporated during the first quarter worth about $30,000. Salem Investment Counselors Inc. increased its position in shares of McCormick & Company, Incorporated by 610.9% during the first quarter. Salem Investment Counselors Inc. now owns 391 shares of the company’s stock worth $32,000 after acquiring an additional 336 shares in the last quarter. Finally, Stonebridge Financial Group LLC increased its position in shares of McCormick & Company, Incorporated by 101.0% during the first quarter. Stonebridge Financial Group LLC now owns 402 shares of the company’s stock worth $33,000 after acquiring an additional 202 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. UBS Group decreased their target price on shares of McCormick & Company, Incorporated from $83.00 to $79.00 and set a “neutral” rating for the company in a research report on Friday, August 22nd. Stifel Nicolaus decreased their target price on shares of McCormick & Company, Incorporated from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, July 29th. JPMorgan Chase & Co. decreased their target price on shares of McCormick & Company, Incorporated from $83.00 to $82.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Jefferies Financial Group reduced their price objective on shares of McCormick & Company, Incorporated from $90.00 to $84.00 and set a “buy” rating for the company in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.25.

McCormick & Company, Incorporated Trading Up 1.5%

Shares of MKC stock opened at $65.61 on Monday. McCormick & Company, Incorporated has a 52-week low of $63.66 and a 52-week high of $86.24. The company has a 50-day simple moving average of $69.43 and a two-hundred day simple moving average of $73.29. The company has a market capitalization of $17.61 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 3.26 and a beta of 0.65. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.27 and a current ratio of 0.68.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Thursday, June 26th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. McCormick & Company, Incorporated had a net margin of 11.50% and a return on equity of 14.43%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the firm earned $0.69 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. Research analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Profile

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.