MCCORMICK & CO /SH NV (MKC) Shares Bought by Standard Life Aberdeen plc

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Standard Life Aberdeen plc lifted its stake in MCCORMICK & CO /SH NV (NYSE:MKC) by 32.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,760 shares of the company’s stock after purchasing an additional 6,739 shares during the period. Standard Life Aberdeen plc’s holdings in MCCORMICK & CO /SH were worth $3,222,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MKC. Tiverton Asset Management LLC purchased a new position in MCCORMICK & CO /SH during the 1st quarter valued at about $105,000. Signaturefd LLC purchased a new position in MCCORMICK & CO /SH during the 1st quarter valued at about $116,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in MCCORMICK & CO /SH during the 2nd quarter valued at about $125,000. IMS Capital Management purchased a new position in MCCORMICK & CO /SH during the 2nd quarter valued at about $128,000. Finally, Squar Milner Financial Services LLC purchased a new position in MCCORMICK & CO /SH during the 2nd quarter valued at about $135,000. 82.66% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the stock. ValuEngine raised shares of MCCORMICK & CO /SH from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Zacks Investment Research raised shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Credit Suisse Group lifted their price target on shares of MCCORMICK & CO /SH from $122.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday, June 29th. Citigroup lifted their price target on shares of MCCORMICK & CO /SH from $114.00 to $117.00 and gave the company a “neutral” rating in a research report on Friday, June 29th. Finally, Vertical Group cut shares of MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a research report on Friday, June 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $114.25.

Shares of NYSE MKC opened at $129.56 on Friday. MCCORMICK & CO /SH NV has a 1 year low of $93.70 and a 1 year high of $129.76. The stock has a market cap of $16.77 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 2.86 and a beta of 0.55. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.85 and a quick ratio of 0.42.

MCCORMICK & CO /SH (NYSE:MKC) last released its quarterly earnings data on Thursday, June 28th. The company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.09. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. MCCORMICK & CO /SH had a net margin of 15.83% and a return on equity of 21.98%. MCCORMICK & CO /SH’s revenue was up 19.1% compared to the same quarter last year. During the same period last year, the business earned $0.82 EPS. research analysts forecast that MCCORMICK & CO /SH NV will post 4.96 earnings per share for the current fiscal year.

In other MCCORMICK & CO /SH news, Director Alan D. Wilson sold 158,600 shares of the firm’s stock in a transaction dated Thursday, June 28th. The shares were sold at an average price of $110.00, for a total transaction of $17,446,000.00. Following the completion of the sale, the director now directly owns 212,894 shares in the company, valued at approximately $23,418,340. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Michael R. Smith sold 8,000 shares of the firm’s stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $119.90, for a total transaction of $959,200.00. Following the sale, the vice president now owns 22,759 shares of the company’s stock, valued at $2,728,804.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 266,600 shares of company stock valued at $30,935,200. 19.20% of the stock is owned by company insiders.

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 through two segments, Consumer and Industrial. 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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