McCormick & Company, Incorporated (MKC) EPS Estimated At $0.77

June 20, 2017 - By Hazel Jackson

 McCormick & Company, Incorporated (MKC) EPS Estimated At $0.77
Investors sentiment decreased to 0.93 in 2016 Q4. Its down 0.17, from 1.1 in 2016Q3. It is negative, as 50 investors sold McCormick & Company, Incorporated shares while 203 reduced holdings. 60 funds opened positions while 175 raised stakes. 89.01 million shares or 0.45% less from 89.41 million shares in 2016Q3 were reported.
Parsons Ri holds 0.25% or 19,784 shares in its portfolio. Beach Mngmt Ltd Llc has invested 0.51% in McCormick & Company, Incorporated (NYSE:MKC). Great West Life Assurance Co Can reported 0.04% in McCormick & Company, Incorporated (NYSE:MKC). Amalgamated Comml Bank, New York-based fund reported 12,499 shares. Girard Prtnrs Ltd has 0.06% invested in McCormick & Company, Incorporated (NYSE:MKC). Advisor Llc holds 2,414 shares or 0.07% of its portfolio. Pictet Asset holds 313,420 shares or 0.11% of its portfolio. Davis R M Inc holds 185,446 shares. Retirement Systems Of Alabama has 0.03% invested in McCormick & Company, Incorporated (NYSE:MKC). Neuberger Berman Gru Ltd Company reported 22,811 shares stake. Mufg Americas Holdg Corp reported 32,989 shares. Fayerweather Charles invested 0.56% in McCormick & Company, Incorporated (NYSE:MKC). State Board Of Administration Of Florida Retirement System has 0.05% invested in McCormick & Company, Incorporated (NYSE:MKC) for 190,079 shares. Vanguard Grp accumulated 11.54 million shares. Schulhoff Incorporated reported 18,850 shares.

Since February 2, 2017, it had 1 buy, and 2 selling transactions for $20.94 million activity. MANGAN MICHAEL D sold $475,442 worth of McCormick & Company, Incorporated (NYSE:MKC) on Thursday, February 2. WILSON ALAN D sold $20.72 million worth of McCormick & Company, Incorporated (NYSE:MKC) on Wednesday, April 12. 2,500 shares valued at $249,050 were bought by Montiel Maritza Gomez on Wednesday, May 3.

Investors wait McCormick & Company, Incorporated (NYSE:MKC) to report on June, 29. its quarterly earnings Wall Street analysts expect $0.77 earnings per share, up $0.02 or 2.67 % from last year’s $0.75 same quarter earnings. This translates into $92.63 million profit for MKC giving the stock a 33.17 P/E. This is assuming the current $0.77 EPS is accurate. McCormick & Company, Incorporated’s Wall Street analysts see 1.32 % EPS growth, taking into account the $0.76 EPS reproted in the previous quarter, The stock increased 0.32% or $0.33 during the last trading session, reaching $102.16. About shares traded. McCormick & Company, Incorporated (NYSE:MKC) has risen 5.12% since June 20, 2016 and is uptrending. It has underperformed by 11.58% the S&P500.

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

Among 11 analysts covering McCormick & Company (NYSE:MKC), 3 have Buy rating, 0 Sell and 8 Hold. Therefore 27% are positive. McCormick & Company had 24 analyst reports since August 20, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Sell” on Wednesday, March 30. The stock has “Hold” rating by Jefferies on Wednesday, December 16. The stock of McCormick & Company, Incorporated (NYSE:MKC) has “Buy” rating given on Thursday, January 7 by Deutsche Bank. On Wednesday, February 24 the stock rating was initiated by UBS with “Neutral”. Zacks upgraded McCormick & Company, Incorporated (NYSE:MKC) on Monday, August 24 to “Hold” rating. Goldman Sachs initiated the shares of MKC in report on Friday, June 16 with “Neutral” rating. The stock has “Buy” rating by Zacks on Thursday, August 20. Bernstein maintained McCormick & Company, Incorporated (NYSE:MKC) rating on Wednesday, March 30. Bernstein has “Outperform” rating and $113 target. The stock of McCormick & Company, Incorporated (NYSE:MKC) earned “Buy” rating by BB&T Capital on Tuesday, September 1. The stock of McCormick & Company, Incorporated (NYSE:MKC) has “Buy” rating given on Friday, July 1 by Deutsche Bank.

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The company has market cap of $12.29 billion. The Company’s divisions include consumer and industrial. It has a 27.6 P/E ratio. The Firm is involved in the manufacturing and sales of flavorful products.

More recent McCormick & Company, Incorporated (NYSE:MKC) news were published by: Prnewswire.com which released: “McCormick Appoints Tony Vernon to Board of Directors” on May 23, 2017. Also Baltimoresun.com published the news titled: “Harry K. Wells, McCormick executive and World War II veteran” on May 24, 2017. Prnewswire.com‘s news article titled: “McCormick & Company’s 2017 Second Quarter Results Conference Call to be …” with publication date: June 15, 2017 was also an interesting one.

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