Mccormick & Co INC Com Non Vtg (MKC) Share Value Declined While Sawgrass Asset Management LLC Has Trimmed Its Stake by $12.41 Million

June 14, 2018 - By Christine McCrea

McCormick & Company, Incorporated (NYSE:MKC) LogoInvestors sentiment increased to 1.28 in Q1 2018. Its up 0.12, from 1.16 in 2017Q4. It improved, as 29 investors sold MKC shares while 190 reduced holdings. 73 funds opened positions while 208 raised stakes. 99.72 million shares or 0.89% less from 100.61 million shares in 2017Q4 were reported. Brown Advisory Securities Lc holds 30,277 shares. Carnegie Asset Mngmt Ltd Company reported 0.58% in McCormick & Company, Incorporated (NYSE:MKC). 8,860 were accumulated by Advisors Asset Inc. 605 are held by Tompkins. Dimensional Fund Advisors LP holds 404,870 shares. Bath Savings holds 2.51% or 94,469 shares. Farmers Natl Bank stated it has 0.02% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). Gateway Investment Advisers Ltd Company has invested 0.01% in McCormick & Company, Incorporated (NYSE:MKC). Moreover, Salem Counselors has 0% invested in McCormick & Company, Incorporated (NYSE:MKC) for 200 shares. Comerica National Bank, a Michigan-based fund reported 43,383 shares. Earnest Prtn Lc invested 0% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). Td Asset Mngmt Inc stated it has 0.05% in McCormick & Company, Incorporated (NYSE:MKC). Sun Life Inc holds 59 shares. Arizona State Retirement holds 0.08% or 70,105 shares. Veritable LP holds 0.02% or 10,466 shares in its portfolio.

Since January 29, 2018, it had 0 insider buys, and 2 selling transactions for $956,964 activity. Shares for $678,962 were sold by LITTLE PATRICIA A on Monday, January 29.

Sawgrass Asset Management Llc decreased its stake in Mccormick & Co Inc Com Non Vtg (MKC) by 20.96% based on its latest 2018Q1 regulatory filing with the SEC. Sawgrass Asset Management Llc sold 117,055 shares as the company’s stock declined 3.71% with the market. The institutional investor held 441,491 shares of the consumer non-durables company at the end of 2018Q1, valued at $46.97M, down from 558,546 at the end of the previous reported quarter. Sawgrass Asset Management Llc who had been investing in Mccormick & Co Inc Com Non Vtg for a number of months, seems to be less bullish one the $13.89B market cap company. The stock increased 1.03% or $1.08 during the last trading session, reaching $105.8. About 567,450 shares traded. McCormick & Company, Incorporated (NYSE:MKC) has declined 0.71% since June 14, 2017 and is downtrending. It has underperformed by 13.28% the S&P500.

Sawgrass Asset Management Llc, which manages about $3.30 billion and $2.09B US Long portfolio, upped its stake in Fiserv Inc Com (NASDAQ:FISV) by 180,680 shares to 376,240 shares, valued at $26.83 million in 2018Q1, according to the filing. It also increased its holding in Lockheed Martin Corp Com (NYSE:LMT) by 14,610 shares in the quarter, for a total of 104,530 shares, and has risen its stake in Tjx Cos Inc New Com (NYSE:TJX).

Analysts await McCormick & Company, Incorporated (NYSE:MKC) to report earnings on July, 5. They expect $0.93 earnings per share, up 13.41 % or $0.11 from last year’s $0.82 per share. MKC’s profit will be $122.06 million for 28.44 P/E if the $0.93 EPS becomes a reality. After $1.00 actual earnings per share reported by McCormick & Company, Incorporated for the previous quarter, Wall Street now forecasts -7.00 % negative EPS growth.

More notable recent McCormick & Company, Incorporated (NYSE:MKC) news were published by: Seekingalpha.com which released: “Eat Up Growth With McCormick & Company” on June 14, 2018, also Investorplace.com with their article: “5 Consumer Staples Stocks to Buy for Long-Term Gains” published on June 13, 2018, Seekingalpha.com published: “McCormick: Average Yield But Robust Growth” on May 24, 2018. More interesting news about McCormick & Company, Incorporated (NYSE:MKC) were released by: Twst.com and their article: “McCormick & Company Inc.: McCormick & Company’s 2018 Second Quarter Results Conference Call to be Available …” published on June 14, 2018 as well as Investorplace.com‘s news article titled: “4 Food Stocks Ready for Growth as Tastes Change” with publication date: June 11, 2018.

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

Among 6 analysts covering McCormick \u0026 Co (NYSE:MKC), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. McCormick \u0026 Co had 7 analyst reports since January 19, 2018 according to SRatingsIntel. On Wednesday, March 28 the stock rating was maintained by UBS with “Neutral”. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, January 25. The firm has “Outperform” rating given on Wednesday, March 28 by Credit Suisse. The stock has “Sell” rating by Deutsche Bank on Friday, January 19. On Wednesday, March 28 the stock rating was maintained by Citigroup with “Neutral”. UBS maintained it with “Neutral” rating and $106 target in Friday, January 26 report.

McCormick & Company, Incorporated (NYSE:MKC) Institutional Positions Chart

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