LVW Advisors LLC Has $228,000 Position in McCormick & Company, Incorporated $MKC

LVW Advisors LLC lowered its holdings in McCormick & Company, Incorporated (NYSE:MKC) by 9.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,010 shares of the company’s stock after selling 309 shares during the quarter. LVW Advisors LLC’s holdings in McCormick & Company, Incorporated were worth $228,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of MKC. Two Sigma Investments LP acquired a new position in McCormick & Company, Incorporated in the fourth quarter worth $1,518,000. Wellington Management Group LLP boosted its stake in McCormick & Company, Incorporated by 8.4% in the fourth quarter. Wellington Management Group LLP now owns 151,523 shares of the company’s stock worth $11,552,000 after purchasing an additional 11,795 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in McCormick & Company, Incorporated by 14.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,316 shares of the company’s stock worth $108,000 after purchasing an additional 166 shares in the last quarter. Versant Capital Management Inc boosted its stake in McCormick & Company, Incorporated by 943.8% in the first quarter. Versant Capital Management Inc now owns 1,096 shares of the company’s stock worth $90,000 after purchasing an additional 991 shares in the last quarter. Finally, Quent Capital LLC boosted its stake in McCormick & Company, Incorporated by 39.8% in the first quarter. Quent Capital LLC now owns 808 shares of the company’s stock worth $66,000 after purchasing an additional 230 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

McCormick & Company, Incorporated Trading Up 1.5%

NYSE:MKC opened at $65.61 on Monday. McCormick & Company, Incorporated has a 1-year low of $63.66 and a 1-year high of $86.24. The business’s 50-day moving average price is $69.43 and its two-hundred day moving average price is $73.29. The company has a current ratio of 0.68, a quick ratio of 0.27 and a debt-to-equity ratio of 0.55. The firm 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.

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 the consensus estimate of $0.65 by $0.04. McCormick & Company, Incorporated had a return on equity of 14.43% and a net margin of 11.50%.The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, equities analysts expect that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Jefferies Financial Group reduced their price objective on McCormick & Company, Incorporated from $90.00 to $84.00 and set a “buy” rating on the stock in a research note on Monday, September 22nd. Citigroup cut their price target on McCormick & Company, Incorporated from $80.00 to $77.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 17th. UBS Group cut their price target on McCormick & Company, Incorporated from $83.00 to $79.00 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. JPMorgan Chase & Co. cut their price target on McCormick & Company, Incorporated from $83.00 to $82.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Wall Street Zen lowered McCormick & Company, Incorporated from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. One 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, McCormick & Company, Incorporated currently has an average rating of “Moderate Buy” and a consensus price target of $83.25.

McCormick & Company, Incorporated Company 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.