Are Analysts Bearish McCormick & Company, Incorporated (NYSE:MKC) After Last Week?

July 14, 2018 - By Ann Prendergast

McCormick & Company, Incorporated (NYSE:MKC) LogoInvestors sentiment increased to 1.28 in 2018 Q1. Its up 0.12, from 1.16 in 2017Q4. It is positive, as 29 investors sold McCormick & Company, Incorporated 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.
Davenport & Limited Co invested in 44,488 shares. 10,466 were accumulated by Veritable L P. Albert D Mason Inc holds 12,956 shares or 1.04% of its portfolio. Wagner Bowman Management Corp accumulated 0.44% or 15,089 shares. Bp Plc has 0.06% invested in McCormick & Company, Incorporated (NYSE:MKC) for 15,000 shares. Moreover, Timessquare Capital Management Ltd Llc has 0.48% invested in McCormick & Company, Incorporated (NYSE:MKC) for 664,300 shares. Wells Fargo And Mn accumulated 911,262 shares. Pub Employees Retirement Association Of Colorado holds 0.02% or 21,359 shares in its portfolio. Wilbanks Smith & Thomas Asset Ltd owns 8,160 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh accumulated 4,300 shares. Toth Advisory Corp accumulated 0.6% or 23,186 shares. Ogorek Anthony Joseph New York Adv has 120 shares for 0.01% of their portfolio. State Treasurer State Of Michigan reported 35,668 shares. Pacific Mgmt stated it has 9,804 shares. Thompson Siegel & Walmsley Ltd Llc reported 0% in McCormick & Company, Incorporated (NYSE:MKC).

Since January 29, 2018, it had 0 insider buys, and 4 insider sales for $19.36 million activity. WILSON ALAN D sold $17.45 million worth of McCormick & Company, Incorporated (NYSE:MKC) on Thursday, June 28. Shares for $678,962 were sold by LITTLE PATRICIA A.

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

Among 7 analysts covering McCormick \u0026 Co (NYSE:MKC), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. McCormick \u0026 Co had 10 analyst reports since January 19, 2018 according to SRatingsIntel. UBS maintained McCormick & Company, Incorporated (NYSE:MKC) rating on Wednesday, March 28. UBS has “Neutral” rating and $108 target. The stock of McCormick & Company, Incorporated (NYSE:MKC) earned “Neutral” rating by Citigroup on Friday, June 29. UBS maintained the shares of MKC in report on Friday, January 26 with “Neutral” rating. The rating was maintained by Citigroup with “Neutral” on Wednesday, March 28. The stock of McCormick & Company, Incorporated (NYSE:MKC) has “Hold” rating given on Friday, June 29 by Vertical Group. The firm has “Outperform” rating given on Wednesday, March 28 by Credit Suisse. The stock of McCormick & Company, Incorporated (NYSE:MKC) has “Sell” rating given on Friday, January 19 by Deutsche Bank. The stock of McCormick & Company, Incorporated (NYSE:MKC) earned “Outperform” rating by Credit Suisse on Friday, June 29. The firm has “Hold” rating given on Thursday, January 25 by Stifel Nicolaus. Below is a list of McCormick & Company, Incorporated (NYSE:MKC) latest ratings and price target changes.

29/06/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $122 New Target: $124 Maintain
29/06/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $114 New Target: $117 Maintain
29/06/2018 Broker: Vertical Group Old Rating: Buy New Rating: Hold Downgrade
28/03/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $113 New Target: $114 Maintain
28/03/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $120 New Target: $122 Maintain
28/03/2018 Broker: UBS Old Rating: Neutral New Rating: Neutral Old Target: $106 New Target: $108 Maintain
26/01/2018 Broker: Barclays Capital Rating: Hold New Target: $107.0
26/01/2018 Broker: UBS Old Rating: Neutral New Rating: Neutral Old Target: $100 New Target: $106 Maintain
25/01/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $110.0 Maintain
19/01/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Sell Downgrade

The stock increased 0.93% or $1.1 during the last trading session, reaching $119.14. About 543,243 shares traded. McCormick & Company, Incorporated (NYSE:MKC) has declined 0.71% since July 14, 2017 and is downtrending. It has underperformed by 13.28% the S&P500.

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 $15.64 billion. The firm operates through two divisions, Consumer and Industrial. It has a 18.88 P/E ratio. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

More news for McCormick & Company, Incorporated (NYSE:MKC) were recently published by: Seekingalpha.com, which released: “Expect A Spicy Earnings Report From McCormick” on June 27, 2018. Seekingalpha.com‘s article titled: “Morningstar cautious on McCormick” and published on July 05, 2018 is yet another important article.

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

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