TD Asset Management Inc. Has $55.57 Million Holdings in McCormick & Company, Incorporated (MKC)

TD Asset Management Inc. raised its stake in McCormick & Company, Incorporated (NYSE:MKC) by 4.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 541,434 shares of the company’s stock after acquiring an additional 23,457 shares during the period. TD Asset Management Inc. owned approximately 0.41% of McCormick & Company, Incorporated worth $55,573,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mandatum Life Insurance Co Ltd raised its holdings in McCormick & Company, Incorporated by 50.9% in the 3rd quarter. Mandatum Life Insurance Co Ltd now owns 11,838 shares of the company’s stock valued at $1,215,000 after acquiring an additional 3,993 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of McCormick & Company, Incorporated by 4.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 41,323 shares of the company’s stock worth $4,241,000 after buying an additional 1,698 shares in the last quarter. Norinchukin Bank The raised its holdings in shares of McCormick & Company, Incorporated by 7.0% during the 3rd quarter. Norinchukin Bank The now owns 137,123 shares of the company’s stock worth $14,075,000 after buying an additional 8,994 shares in the last quarter. Icon Advisers Inc. Co. acquired a new position in shares of McCormick & Company, Incorporated during the 3rd quarter worth $575,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of McCormick & Company, Incorporated by 20.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,403 shares of the company’s stock worth $3,736,000 after buying an additional 6,162 shares in the last quarter. 71.19% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on MKC shares. Jefferies Group LLC reissued a “buy” rating and set a $110.00 price target on shares of McCormick & Company, Incorporated in a report on Thursday, August 31st. BidaskClub raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a report on Monday, October 2nd. Credit Suisse Group boosted their price target on McCormick & Company, Incorporated from $108.00 to $112.00 and gave the stock an “outperform” rating in a report on Monday, September 18th. Finally, Citigroup Inc. boosted their price target on McCormick & Company, Incorporated from $100.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, October 2nd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $106.00.

In related news, VP Michael R. Smith sold 5,500 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $102.60, for a total transaction of $564,300.00. Following the sale, the vice president now owns 19,248 shares in the company, valued at approximately $1,974,844.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maritza Gomez Montiel sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $96.26, for a total value of $240,650.00. The disclosure for this sale can be found here. Insiders have sold a total of 16,000 shares of company stock worth $1,598,490 in the last 90 days. 15.30% of the stock is currently owned by corporate insiders.

McCormick & Company, Incorporated (MKC) opened at $99.13 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.47 and a debt-to-equity ratio of 1.86. McCormick & Company, Incorporated has a fifty-two week low of $88.64 and a fifty-two week high of $106.50. The company has a market capitalization of $12,985.73, a price-to-earnings ratio of 24.97, a PEG ratio of 2.51 and a beta of 0.53.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Thursday, September 28th. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. McCormick & Company, Incorporated had a return on equity of 26.09% and a net margin of 10.05%. McCormick & Company, Incorporated’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. research analysts expect that McCormick & Company, Incorporated will post 4.22 earnings per share for the current fiscal year.

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McCormick & Company, Incorporated 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, Incorporated (NYSE:MKC)

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