Analysts See $1.05 EPS for McCormick & Company, Incorporated (MKC)

September 17, 2017 - By Henry Gaston

 Analysts See $1.05 EPS for McCormick & Company, Incorporated (MKC)
Investors sentiment decreased to 0.93 in Q4 2016. Its down 0.17, from 1.1 in 2016Q3. It dived, 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.
Monetary Group Incorporated has invested 0.01% in McCormick & Company, Incorporated (NYSE:MKC). Pinnacle Associates Ltd has 0.03% invested in McCormick & Company, Incorporated (NYSE:MKC) for 17,713 shares. The New Jersey-based Regentatlantic Capital Limited Liability has invested 0.03% in McCormick & Company, Incorporated (NYSE:MKC). 11,389 were reported by Advantus Mgmt. Peak6 Invests Lp has 5,876 shares. First Personal Services invested 0.73% in McCormick & Company, Incorporated (NYSE:MKC). Exxonmobil Management Tx invested in 26,517 shares. Gam Ag holds 0.06% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC) for 34,215 shares. Blackrock Investment Management Ltd Liability Corp accumulated 0.03% or 254,357 shares. 39,736 were accumulated by Symphony Asset Mngmt Limited Liability Com. Ameriprise holds 62,844 shares or 0% of its portfolio. Plante Moran Fincl Advsrs Lc invested in 628 shares or 0.04% of the stock. Blackrock Japan Limited has 0.09% invested in McCormick & Company, Incorporated (NYSE:MKC). 185,194 were reported by Trillium Asset Mgmt Limited Liability Company. Virginia Retirement System Et Al has 0.08% invested in McCormick & Company, Incorporated (NYSE:MKC).

Since April 12, 2017, it had 1 buying transaction, and 1 insider sale for $20.47 million activity. The insider WILSON ALAN D sold $20.72 million. $249,050 worth of McCormick & Company, Incorporated (NYSE:MKC) was bought by Montiel Maritza Gomez on Wednesday, May 3.

Wall Street await McCormick & Company, Incorporated (NYSE:MKC) to release earnings on September, 29. Analysts forecast EPS of $1.05, up exactly $0.02 or 1.94 % from 2014’s $1.03 EPS. The expected MKC’s profit could reach $137.01 million giving the stock 23.56 P/E in the case that $1.05 earnings per share is reported. After posting $0.82 EPS for the previous quarter, McCormick & Company, Incorporated’s analysts now forecast 28.05 % EPS growth. The stock increased 0.48% or $0.47 on September 15, reaching $98.94. About 2.30 million shares traded or 103.54% up from the average. McCormick & Company, Incorporated (NYSE:MKC) has risen 5.12% since September 17, 2016 and is uptrending. It has underperformed by 11.58% the S&P500.

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

Among 12 analysts covering McCormick & Company (NYSE:MKC), 4 have Buy rating, 0 Sell and 8 Hold. Therefore 33% are positive. McCormick & Company had 32 analyst reports since August 20, 2015 according to SRatingsIntel. The stock has “Hold” rating by Deutsche Bank on Wednesday, February 15. The company was initiated on Friday, June 16 by Goldman Sachs. Citigroup maintained McCormick & Company, Incorporated (NYSE:MKC) on Friday, October 2 with “Sell” rating. The stock has “Hold” rating by Stifel Nicolaus on Monday, July 24. The firm has “Buy” rating given on Friday, June 30 by Credit Suisse. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, June 30 report. The rating was downgraded by JP Morgan to “Underweight” on Tuesday, January 19. The stock of McCormick & Company, Incorporated (NYSE:MKC) earned “Buy” rating by BB&T Capital on Tuesday, September 1. As per Wednesday, December 16, the company rating was initiated by Jefferies. The firm has “Hold” rating given on Thursday, June 22 by Jefferies.

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 $12.91 billion. The Company’s divisions include consumer and industrial. It has a 26.3 P/E ratio. The Firm is involved in the manufacturing and sales of flavorful products.

More news for McCormick & Company, Incorporated (NYSE:MKC) were recently published by: Prnewswire.com, which released: “McCormick & Company’s 2017 Third Quarter Results Conference Call to be …” on September 15, 2017. Seekingalpha.com‘s article titled: “McCormick completes food brands acquisition” and published on August 18, 2017 is yet another important article.

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