Spearhead Capital Advisors LLC Acquires 1,226 Shares of MCCORMICK & CO /SH NV (NYSE:MKC)

Spearhead Capital Advisors LLC grew its position in MCCORMICK & CO /SH NV (NYSE:MKC) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,315 shares of the company’s stock after acquiring an additional 1,226 shares during the period. Spearhead Capital Advisors LLC’s holdings in MCCORMICK & CO /SH were worth $5,145,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MKC. Wealthfront Advisers LLC grew its position in shares of MCCORMICK & CO /SH by 38.0% in the 3rd quarter. Wealthfront Advisers LLC now owns 9,095 shares of the company’s stock valued at $1,422,000 after acquiring an additional 2,504 shares during the period. DNB Asset Management AS grew its position in shares of MCCORMICK & CO /SH by 4.7% in the 3rd quarter. DNB Asset Management AS now owns 24,634 shares of the company’s stock valued at $3,850,000 after acquiring an additional 1,115 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of MCCORMICK & CO /SH by 1.2% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,429 shares of the company’s stock valued at $5,068,000 after acquiring an additional 377 shares during the period. Assenagon Asset Management S.A. grew its position in shares of MCCORMICK & CO /SH by 1.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 12,516 shares of the company’s stock valued at $1,956,000 after acquiring an additional 200 shares during the period. Finally, Signaturefd LLC grew its position in shares of MCCORMICK & CO /SH by 9.2% in the 3rd quarter. Signaturefd LLC now owns 990 shares of the company’s stock valued at $155,000 after acquiring an additional 83 shares during the period. 79.14% of the stock is owned by institutional investors.

Shares of MKC stock traded down $0.24 during midday trading on Friday, hitting $166.84. 462,386 shares of the company were exchanged, compared to its average volume of 782,432. The firm has a market capitalization of $21.75 billion, a P/E ratio of 31.78, a PEG ratio of 4.38 and a beta of 0.11. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.35 and a current ratio of 0.72. The firm’s 50 day moving average price is $167.39 and its two-hundred day moving average price is $164.60. MCCORMICK & CO /SH NV has a 52 week low of $128.12 and a 52 week high of $174.58.

MCCORMICK & CO /SH (NYSE:MKC) last announced its earnings results on Tuesday, January 28th. The company reported $1.61 EPS for the quarter, hitting the consensus estimate of $1.61. MCCORMICK & CO /SH had a net margin of 13.14% and a return on equity of 21.00%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the firm posted $1.67 EPS. MCCORMICK & CO /SH’s revenue was up 1.2% compared to the same quarter last year. Analysts expect that MCCORMICK & CO /SH NV will post 5.29 EPS for the current year.

A number of research analysts have recently commented on the stock. Deutsche Bank reissued a “hold” rating and issued a $163.00 price objective on shares of MCCORMICK & CO /SH in a research report on Wednesday, December 11th. Jefferies Financial Group reissued a “sell” rating and issued a $150.00 price objective on shares of MCCORMICK & CO /SH in a research report on Tuesday, January 28th. Bank of America assumed coverage on shares of MCCORMICK & CO /SH in a research report on Friday, January 10th. They issued a “neutral” rating and a price objective for the company. Credit Suisse Group decreased their price objective on shares of MCCORMICK & CO /SH from $160.00 to $155.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Finally, ValuEngine downgraded shares of MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. Four equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $156.00.

About MCCORMICK & CO /SH

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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