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

March 8, 2018 - By Peter Erickson

 EPS for McCormick & Company, Incorporated (MKC) Expected At $0.91
Investors sentiment increased to 1.63 in 2017 Q3. 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.
199,800 are held by Aperio Grp Ltd Liability Corp. Two Sigma Limited Liability Co reported 2,285 shares. Connor Clark Lunn Mngmt Limited stated it has 7,275 shares. Teachers Retirement Systems Of The State Of Kentucky holds 11,600 shares. Utah Retirement System invested in 21,966 shares. State Board Of Administration Of Florida Retirement System holds 0.05% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC) for 189,636 shares. Fruth Investment Mngmt reported 1.01% stake. Oppenheimer invested in 0.11% or 41,323 shares. Cim Limited Co accumulated 6,186 shares. Champlain Inv Prtnrs Limited Co owns 512,455 shares. North Star Investment holds 0.1% in McCormick & Company, Incorporated (NYSE:MKC) or 7,407 shares. Pensionfund Dsm Netherlands reported 30,800 shares. Arrow Financial Corp holds 0% in McCormick & Company, Incorporated (NYSE:MKC) or 100 shares. Cape Cod Five Cents National Bank & Trust has 0.29% invested in McCormick & Company, Incorporated (NYSE:MKC). Inv Counselors Of Maryland Lc holds 0% or 322 shares in its portfolio.

Since September 29, 2017, it had 0 buys, and 5 selling transactions for $2.31 million activity. MANGAN MICHAEL D sold $497,500 worth of stock. Another trade for 6,250 shares valued at $678,962 was made by LITTLE PATRICIA A on Monday, January 29. Smith Michael R sold 5,500 shares worth $564,325.

Analysts expect McCormick & Company, Incorporated (NYSE:MKC) to report $0.91 EPS on March, 27.They anticipate $0.15 EPS change or 19.74 % from last quarter’s $0.76 EPS. MKC’s profit would be $119.27M giving it 30.12 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 increased 0.39% or $0.43 during the last trading session, reaching $109.62. About 597,356 shares traded. McCormick & Company, Incorporated (NYSE:MKC) has risen 5.12% since March 9, 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. As per Monday, October 2, the company rating was maintained by Citigroup. Zacks upgraded McCormick & Company, Incorporated (NYSE:MKC) on Monday, August 24 to “Hold” rating. The rating was maintained by Stifel Nicolaus on Friday, June 30 with “Hold”. The stock of McCormick & Company, Incorporated (NYSE:MKC) has “Buy” rating given on Friday, April 7 by Edward Jones. The firm has “Outperform” rating by Credit Suisse given on Friday, September 29. Citigroup maintained the stock with “Sell” rating in Wednesday, March 30 report. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, August 31 report. On Thursday, June 22 the stock rating was maintained by Jefferies with “Hold”. On Tuesday, January 19 the stock rating was downgraded by JP Morgan to “Underweight”. The stock has “Sell” rating by Citigroup on Friday, October 2.

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 $14.37 billion. The firm operates through two divisions, Consumer and Industrial. It has a 29.47 P/E ratio. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

More recent McCormick & Company, Incorporated (NYSE:MKC) news were published by: Prnewswire.com which released: “McCormick & Company to Present at Consumer Analyst Group of New York Conference” on February 09, 2018. Also Prnewswire.com published the news titled: “McCormick & Company Expands Partnership with NCBA CLUSA to Improve Livelihoods …” on March 08, 2018. Prnewswire.com‘s news article titled: “McCormick & Company Named to Barron’s Inaugural 100 Most Sustainable Companies …” with publication date: February 15, 2018 was also an interesting one.

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