Mccormick & Co (MKC) Share Value Rose While Bowen Hanes & Co INC Increased Its Holding

April 22, 2018 - By Henry Gaston

McCormick & Company, Incorporated (NYSE:MKC) LogoInvestors sentiment decreased to 1.16 in 2017 Q4. Its down 0.47, from 1.63 in 2017Q3. It worsened, as 45 investors sold MKC shares while 189 reduced holdings. 64 funds opened positions while 207 raised stakes. 100.61 million shares or 3.03% more from 97.65 million shares in 2017Q3 were reported. Farmers & Merchants Invests Inc reported 245 shares stake. Baldwin Brothers Incorporated Ma stated it has 0.36% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). Envestnet Asset Mngmt Inc owns 24,244 shares for 0.01% of their portfolio. Glenmede Trust Na has 9,871 shares. 155,062 were accumulated by Great West Life Assurance Company Can. Chelsea Counsel Communications holds 0.11% or 2,000 shares in its portfolio. Meiji Yasuda Asset Mgmt Company Ltd has 0.15% invested in McCormick & Company, Incorporated (NYSE:MKC). Blackrock Inc has 9.84 million shares for 0.05% of their portfolio. Tci Wealth reported 30 shares or 0% of all its holdings. Cutter & Brokerage Inc holds 1.66% or 39,566 shares in its portfolio. Massachusetts-based Fiduciary Tru has invested 0.01% in McCormick & Company, Incorporated (NYSE:MKC). Edgewood Mngmt Limited Liability Co reported 0% in McCormick & Company, Incorporated (NYSE:MKC). Sumitomo Life Insur Company has 20,791 shares for 0.27% of their portfolio. 38,962 are held by Waratah Advisors. Manufacturers Life The owns 691,003 shares.

Since October 30, 2017, it had 0 buys, and 3 sales for $1.45 million activity. 6,250 McCormick & Company, Incorporated (NYSE:MKC) shares with value of $678,962 were sold by LITTLE PATRICIA A. Smith Michael R sold 2,575 shares worth $278,002.

Bowen Hanes & Co Inc increased its stake in Mccormick & Co (MKC) by 9.72% based on its latest 2017Q4 regulatory filing with the SEC. Bowen Hanes & Co Inc bought 33,870 shares as the company’s stock rose 5.33% while stock markets declined. The institutional investor held 382,418 shares of the consumer non-durables company at the end of 2017Q4, valued at $38.97M, up from 348,548 at the end of the previous reported quarter. Bowen Hanes & Co Inc who had been investing in Mccormick & Co for a number of months, seems to be bullish on the $13.54B market cap company. The stock decreased 3.02% or $3.21 during the last trading session, reaching $103.24. About 1.57 million shares traded or 40.86% up from the average. McCormick & Company, Incorporated (NYSE:MKC) has risen 5.91% since April 22, 2017 and is uptrending. It has underperformed by 5.64% the S&P500.

Bowen Hanes & Co Inc, which manages about $2.46B and $2.24B US Long portfolio, decreased its stake in Henry Schein Inc (NASDAQ:HSIC) by 328,530 shares to 6,850 shares, valued at $479,000 in 2017Q4, according to the filing. It also reduced its holding in Check Point Software Tech (Is) (NASDAQ:CHKP) by 199,365 shares in the quarter, leaving it with 20,195 shares, and cut its stake in Siemens Ag Adr (De) (SIEGY).

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

Among 7 analysts covering McCormick \u0026 Co (NYSE:MKC), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. McCormick \u0026 Co had 8 analyst reports since October 30, 2017 according to SRatingsIntel. The firm earned “Neutral” rating on Wednesday, March 28 by Citigroup. The firm has “Neutral” rating by UBS given on Friday, January 26. Stifel Nicolaus maintained the shares of MKC in report on Thursday, January 25 with “Hold” rating. The rating was downgraded by Deutsche Bank to “Sell” on Friday, January 19. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, March 28 report. The stock has “Neutral” rating by UBS on Wednesday, March 28. As per Monday, October 30, the company rating was maintained by Jefferies.

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

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