McCormick & Company, Incorporated (MKC) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in McCormick & Company, Incorporated (NYSE:MKC) by 8.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,169 shares of the company’s stock after purchasing an additional 174 shares during the quarter. Pacer Advisors Inc.’s holdings in McCormick & Company, were worth $211,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in McCormick & Company, by 29.2% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 16,838 shares of the company’s stock worth $1,642,000 after purchasing an additional 3,803 shares in the last quarter. Andra AP fonden grew its stake in McCormick & Company, by 1.5% in the second quarter. Andra AP fonden now owns 135,000 shares of the company’s stock worth $13,164,000 after purchasing an additional 2,000 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in McCormick & Company, by 0.3% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 22,084 shares of the company’s stock worth $2,105,000 after purchasing an additional 66 shares in the last quarter. Penserra Capital Management LLC grew its stake in McCormick & Company, by 18.7% in the second quarter. Penserra Capital Management LLC now owns 2,184 shares of the company’s stock worth $212,000 after purchasing an additional 344 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its stake in McCormick & Company, by 5.3% in the second quarter. Great Lakes Advisors LLC now owns 3,922 shares of the company’s stock worth $382,000 after purchasing an additional 196 shares in the last quarter. 72.90% of the stock is currently owned by institutional investors.

Shares of McCormick & Company, Incorporated (MKC) opened at 98.94 on Friday. The firm’s 50-day moving average price is $96.30 and its 200 day moving average price is $99.05. McCormick & Company, Incorporated has a 12 month low of $88.64 and a 12 month high of $106.50. The company has a market cap of $12.33 billion, a PE ratio of 26.28 and a beta of 0.52.

McCormick & Company, (NYSE:MKC) last posted its quarterly earnings data on Thursday, June 29th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.06. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.10 billion. McCormick & Company, had a return on equity of 28.28% and a net margin of 10.69%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. Equities research analysts anticipate that McCormick & Company, Incorporated will post $4.13 earnings per share for the current fiscal year.

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Several research analysts recently issued reports on MKC shares. Jefferies Group LLC reissued a “buy” rating and issued a $110.00 price objective on shares of McCormick & Company, in a research note on Thursday, August 31st. Zacks Investment Research raised McCormick & Company, from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research note on Thursday, June 1st. BidaskClub raised McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Finally, Goldman Sachs Group, Inc. (The) started coverage on McCormick & Company, in a research note on Friday, June 16th. They issued a “neutral” rating and a $101.00 price objective on the stock. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $103.00.

McCormick & Company, Profile

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

Institutional Ownership by Quarter for McCormick & Company, (NYSE:MKC)

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