Eaton Vance Management lessened its position in shares of MCCORMICK & CO /SH NV (NYSE:MKC) by 58.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 244,430 shares of the company’s stock after selling 337,097 shares during the period. Eaton Vance Management owned about 0.18% of MCCORMICK & CO /SH worth $34,035,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in MKC. Winthrop Partners WNY LLC bought a new position in MCCORMICK & CO /SH during the 4th quarter worth approximately $28,000. JNBA Financial Advisors bought a new position in MCCORMICK & CO /SH during the 4th quarter worth approximately $28,000. Oregon Public Employees Retirement Fund lifted its holdings in MCCORMICK & CO /SH by 38,047.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,051,488 shares of the company’s stock worth $36,000 after buying an additional 5,038,246 shares during the last quarter. Financial Advantage Inc. bought a new position in MCCORMICK & CO /SH during the 4th quarter worth approximately $41,000. Finally, Ancora Advisors LLC bought a new position in MCCORMICK & CO /SH during the 3rd quarter worth approximately $105,000. 78.17% of the stock is currently owned by institutional investors.
Shares of NYSE MKC opened at $133.76 on Friday. The company has a market capitalization of $17.14 billion, a P/E ratio of 26.91, a P/E/G ratio of 2.75 and a beta of 0.22. MCCORMICK & CO /SH NV has a 12-month low of $99.53 and a 12-month high of $156.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.35 and a current ratio of 0.74.
MCCORMICK & CO /SH (NYSE:MKC) last announced its quarterly earnings results on Thursday, January 24th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.03). The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.55 billion. MCCORMICK & CO /SH had a return on equity of 21.34% and a net margin of 17.26%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the business posted $1.54 EPS. On average, research analysts forecast that MCCORMICK & CO /SH NV will post 5.25 earnings per share for the current year.
Several brokerages recently issued reports on MKC. Zacks Investment Research downgraded MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a report on Monday, January 28th. Jefferies Financial Group reissued a “buy” rating and issued a $150.00 price target on shares of MCCORMICK & CO /SH in a report on Monday, January 28th. Consumer Edge raised MCCORMICK & CO /SH from an “equal weight” rating to an “overweight” rating in a report on Friday, January 25th. Deutsche Bank raised MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Finally, Credit Suisse Group set a $108.00 price target on MCCORMICK & CO /SH and gave the stock a “buy” rating in a report on Thursday, December 20th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $130.63.
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About MCCORMICK & CO /SH
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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