Sumitomo Mitsui Trust Holdings Inc. increased its position in McCormick & Company, Incorporated (NYSE:MKC) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 393,295 shares of the company’s stock after buying an additional 11,415 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.35% of McCormick & Company, worth $38,350,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of McCormick & Company, by 3.6% in the first quarter. Vanguard Group Inc. now owns 11,962,754 shares of the company’s stock worth $1,166,965,000 after buying an additional 420,241 shares during the last quarter. BlackRock Inc. raised its stake in shares of McCormick & Company, by 956.5% in the first quarter. BlackRock Inc. now owns 10,405,413 shares of the company’s stock worth $1,015,049,000 after buying an additional 9,420,526 shares during the last quarter. State Street Corp raised its stake in shares of McCormick & Company, by 5.4% in the first quarter. State Street Corp now owns 7,256,472 shares of the company’s stock worth $707,872,000 after buying an additional 368,990 shares during the last quarter. Parnassus Investments CA raised its stake in shares of McCormick & Company, by 14.7% in the first quarter. Parnassus Investments CA now owns 2,426,180 shares of the company’s stock worth $230,627,000 after buying an additional 310,021 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of McCormick & Company, by 6.6% in the first quarter. Geode Capital Management LLC now owns 1,207,462 shares of the company’s stock worth $117,631,000 after buying an additional 74,953 shares during the last quarter. Institutional investors and hedge funds own 72.87% of the company’s stock.

McCormick & Company, Incorporated (NYSE:MKC) opened at 94.91 on Monday. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 25.21 and a beta of 0.52. The stock’s 50 day moving average is $95.65 and its 200 day moving average is $99.09. McCormick & Company, Incorporated has a 1-year low of $88.64 and a 1-year high of $106.50.

McCormick & Company, (NYSE:MKC) last released its quarterly earnings results on Thursday, June 29th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.06. McCormick & Company, had a net margin of 10.69% and a return on equity of 28.28%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts predict that McCormick & Company, Incorporated will post $4.14 EPS for the current fiscal year.

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A number of equities research analysts recently commented on MKC shares. Jefferies Group LLC restated a “hold” rating and set a $95.00 price objective on shares of McCormick & Company, in a report on Friday, May 19th. Zacks Investment Research upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a report on Monday, June 19th. Edward Jones upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) started coverage on shares of McCormick & Company, in a report on Friday, June 16th. They set a “neutral” rating and a $101.00 price objective on the stock. Finally, Credit Suisse Group set a $108.00 price objective on shares of McCormick & Company, and gave the stock a “buy” rating in a report on Saturday, July 1st. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $104.00.

McCormick & Company, 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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