EPS for McCormick & Company, Incorporated (MKC) Expected At $0.91

March 14, 2018 - By Clifton Ray

 EPS for McCormick & Company, Incorporated (MKC) Expected At $0.91
Investors sentiment increased to 1.63 in Q3 2017. Its up 0.77, from 0.86 in 2017Q2. It improved, as 44 investors sold McCormick & Company, Incorporated shares while 151 reduced holdings. 87 funds opened positions while 230 raised stakes. 97.65 million shares or 9.97% more from 88.80 million shares in 2017Q2 were reported.
Connecticut-based Virtus Investment Advisers has invested 0.01% in McCormick & Company, Incorporated (NYSE:MKC). Waratah Capital Limited has 0.11% invested in McCormick & Company, Incorporated (NYSE:MKC). 22,431 are held by Loring Wolcott And Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma. Of Vermont stated it has 0.46% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). Ftb Advsr invested in 0.02% or 1,600 shares. California State Teachers Retirement System holds 204,885 shares. Moreover, Bessemer Group Inc has 0.02% invested in McCormick & Company, Incorporated (NYSE:MKC) for 55,927 shares. Burney owns 2,135 shares for 0.01% of their portfolio. Ls Investment Lc accumulated 40,604 shares or 0.25% of the stock. Carnegie Capital Asset Llc invested in 0.64% or 55,169 shares. Amp Capital Invsts Limited holds 0.02% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC) for 32,511 shares. Banque Pictet Cie owns 3,000 shares. Reilly Advsr Limited invested in 13 shares or 0% of the stock. 9,060 are owned by Twin Mgmt Inc. 124,615 were accumulated by Wendell David Associate.

Since September 29, 2017, it had 0 insider purchases, and 5 sales for $2.31 million activity. 3,000 shares were sold by HRABOWSKI FREEMAN A III, worth $296,050. Another trade for 6,250 shares valued at $678,962 was made by LITTLE PATRICIA A on Monday, January 29. MANGAN MICHAEL D had sold 5,000 shares worth $497,500 on Monday, October 30.

Analysts expect McCormick & Company, Incorporated (NYSE:MKC) to report $0.91 EPS on March, 27 before the open.They anticipate $0.15 EPS change or 19.74 % from last quarter’s $0.76 EPS. MKC’s profit would be $119.18M giving it 30.37 P/E if the $0.91 EPS is correct. After having $1.54 EPS previously, McCormick & Company, Incorporated’s analysts see -40.91 % EPS growth. The stock decreased 0.16% or $0.18 during the last trading session, reaching $110.56. About 777,048 shares traded. McCormick & Company, Incorporated (NYSE:MKC) has risen 5.12% since March 15, 2017 and is uptrending. It has underperformed by 11.58% the S&P500.

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

Among 13 analysts covering McCormick & Company (NYSE:MKC), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. McCormick & Company had 42 analyst reports since August 20, 2015 according to SRatingsIntel. UBS initiated it with “Neutral” rating and $91 target in Wednesday, February 24 report. Jefferies maintained McCormick & Company, Incorporated (NYSE:MKC) on Monday, October 30 with “Buy” rating. The stock of McCormick & Company, Incorporated (NYSE:MKC) has “Buy” rating given on Friday, July 28 by Jefferies. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, January 25. On Friday, January 19 the stock rating was downgraded by Deutsche Bank to “Sell”. Deutsche Bank maintained McCormick & Company, Incorporated (NYSE:MKC) rating on Friday, July 1. Deutsche Bank has “Buy” rating and $113 target. The rating was maintained by UBS on Friday, January 26 with “Neutral”. The firm has “Buy” rating by Jefferies given on Tuesday, October 3. The stock of McCormick & Company, Incorporated (NYSE:MKC) has “Buy” rating given on Tuesday, September 1 by BB&T Capital. As per Friday, April 7, the company rating was upgraded by Edward Jones.

McCormick & Company, Incorporated makes, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company has market cap of $14.48 billion. The firm operates through two divisions, Consumer and Industrial. It has a 29.72 P/E ratio. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

More important recent McCormick & Company, Incorporated (NYSE:MKC) news were published by: Prnewswire.com which released: “McCormick & Company’s 2018 First Quarter Results Conference Call to be …” on March 13, 2018, also Prnewswire.com published article titled: “McCormick & Company Named to Barron’s Inaugural 100 Most Sustainable Companies …”, Prnewswire.com published: “McCormick & Company Expands Partnership with NCBA CLUSA to Improve Livelihoods …” on March 08, 2018. More interesting news about McCormick & Company, Incorporated (NYSE:MKC) was released by: Zacks.com and their article: “McCormick (MKC) Up 1.1% Since Earnings Report: Can It Continue?” with publication date: February 26, 2018.

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