Ossiam trimmed its holdings in MCCORMICK & CO /SH NV (NYSE:MKC) by 8.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,838 shares of the company’s stock after selling 472 shares during the quarter. Ossiam’s holdings in MCCORMICK & CO /SH were worth $750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of MKC. Krane Funds Advisors LLC acquired a new position in shares of MCCORMICK & CO /SH in the 2nd quarter valued at $26,000. Private Ocean LLC acquired a new stake in shares of MCCORMICK & CO /SH during the 1st quarter valued at about $27,000. Glassman Wealth Services raised its holdings in shares of MCCORMICK & CO /SH by 43.7% in the 1st quarter. Glassman Wealth Services now owns 240 shares of the company’s stock worth $36,000 after buying an additional 73 shares in the last quarter. Capital Investment Advisory Services LLC raised its holdings in shares of MCCORMICK & CO /SH by 40.0% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 245 shares of the company’s stock worth $39,000 after buying an additional 70 shares in the last quarter. Finally, Ascent Wealth Partners LLC acquired a new position in shares of MCCORMICK & CO /SH in the 1st quarter worth approximately $41,000. 80.19% of the stock is owned by institutional investors.

In other MCCORMICK & CO /SH news, VP Nneka Louise Rimmer sold 2,070 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $154.02, for a total value of $318,821.40. Following the completion of the sale, the vice president now owns 6,209 shares in the company, valued at approximately $956,310.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael R. Smith sold 9,100 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $160.84, for a total transaction of $1,463,644.00. Following the completion of the sale, the vice president now owns 30,453 shares of the company’s stock, valued at approximately $4,898,060.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,272 shares of company stock worth $7,197,181. 11.00% of the stock is owned by corporate insiders.

MKC stock traded up $1.91 during midday trading on Wednesday, reaching $157.91. 18,167 shares of the company’s stock traded hands, compared to its average volume of 801,341. The company has a 50-day simple moving average of $162.56 and a two-hundred day simple moving average of $154.21. MCCORMICK & CO /SH NV has a 1-year low of $119.00 and a 1-year high of $171.10. The company has a market cap of $21.36 billion, a price-to-earnings ratio of 31.81, a PEG ratio of 3.80 and a beta of 0.16. The company has a quick ratio of 0.35, a current ratio of 0.79 and a debt-to-equity ratio of 1.18.

MCCORMICK & CO /SH (NYSE:MKC) last posted its quarterly earnings data on Thursday, June 27th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.07. MCCORMICK & CO /SH had a return on equity of 21.42% and a net margin of 12.73%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm earned $1.02 earnings per share. The business’s revenue was up .0% on a year-over-year basis. Equities research analysts forecast that MCCORMICK & CO /SH NV will post 5.3 EPS for the current year.

MKC has been the topic of several recent analyst reports. Citigroup boosted their price target on MCCORMICK & CO /SH from $155.00 to $166.00 and gave the company a “neutral” rating in a research note on Friday, June 28th. JPMorgan Chase & Co. cut MCCORMICK & CO /SH from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $154.00 to $150.00 in a report on Tuesday, August 20th. Deutsche Bank set a $142.00 target price on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a research note on Friday, June 28th. Zacks Investment Research upgraded shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating and set a $161.00 target price on the stock in a research note on Thursday, May 30th. Finally, UBS Group set a $155.00 target price on shares of MCCORMICK & CO /SH and gave the stock a “hold” rating in a report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $142.89.

MCCORMICK & CO /SH Company Profile

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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Institutional Ownership by Quarter for MCCORMICK & CO /SH (NYSE:MKC)

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