Sawgrass Asset Management LLC Has Cut Its Holding in Mccormick & Co INC Com Non Vtg (MKC) as Share Value Declined

June 14, 2018 - By Michael Collier

McCormick & Company, Incorporated (NYSE:MKC) LogoInvestors sentiment increased to 1.28 in Q1 2018. Its up 0.12, from 1.16 in 2017Q4. It increased, as 29 investors sold MKC 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. Raymond James Trust Na invested in 0.05% or 6,392 shares. Piedmont Investment Advsrs Limited Liability Corporation has invested 0.01% in McCormick & Company, Incorporated (NYSE:MKC). 1.04M were reported by Goldman Sachs Group. 444 are held by Winch Advisory Llc. Twin Tree Mngmt Ltd Partnership reported 12,621 shares stake. Miracle Mile Limited Liability holds 39,560 shares. Atlantic Trust Group Limited Liability invested in 1,706 shares or 0% of the stock. Mufg Americas Corp has invested 0.08% in McCormick & Company, Incorporated (NYSE:MKC). Fire Gp Inc holds 2,000 shares. Albert D Mason Incorporated holds 12,956 shares or 1.04% of its portfolio. Cipher Capital LP accumulated 47,375 shares. 3,068 were reported by Fred Alger Management. Ontario Teachers Pension Plan Board holds 11,553 shares or 0.02% of its portfolio. 232,901 were reported by Tiaa Cref Inv Mgmt Limited. 911,262 were accumulated by Wells Fargo & Mn.

Since January 29, 2018, it had 0 insider purchases, and 2 insider sales for $956,964 activity. LITTLE PATRICIA A sold 6,250 shares worth $678,962.

Sawgrass Asset Management Llc decreased its stake in Mccormick & Co Inc Com Non Vtg (MKC) by 20.96% based on its latest 2018Q1 regulatory filing with the SEC. Sawgrass Asset Management Llc sold 117,055 shares as the company’s stock declined 3.71% with the market. The institutional investor held 441,491 shares of the consumer non-durables company at the end of 2018Q1, valued at $46.97 million, down from 558,546 at the end of the previous reported quarter. Sawgrass Asset Management Llc who had been investing in Mccormick & Co Inc Com Non Vtg for a number of months, seems to be less bullish one the $13.89B market cap company. The stock increased 1.03% or $1.08 during the last trading session, reaching $105.8. About 567,450 shares traded. McCormick & Company, Incorporated (NYSE:MKC) has declined 0.71% since June 14, 2017 and is downtrending. It has underperformed by 13.28% the S&P500.

Sawgrass Asset Management Llc, which manages about $3.30 billion and $2.09 billion US Long portfolio, upped its stake in F5 Networks Inc Com (NASDAQ:FFIV) by 24,920 shares to 319,120 shares, valued at $46.15M in 2018Q1, according to the filing. It also increased its holding in Oracle Corporation (NYSE:ORCL) by 262,889 shares in the quarter, for a total of 1.26M shares, and has risen its stake in Lockheed Martin Corp Com (NYSE:LMT).

Analysts await McCormick & Company, Incorporated (NYSE:MKC) to report earnings on July, 5. They expect $0.93 earnings per share, up 13.41 % or $0.11 from last year’s $0.82 per share. MKC’s profit will be $122.06M for 28.44 P/E if the $0.93 EPS becomes a reality. After $1.00 actual earnings per share reported by McCormick & Company, Incorporated for the previous quarter, Wall Street now forecasts -7.00 % negative EPS growth.

More notable recent McCormick & Company, Incorporated (NYSE:MKC) news were published by: Twst.com which released: “McCormick & Company Inc.: McCormick & Company’s 2018 Second Quarter Results Conference Call to be Available …” on June 14, 2018, also Investorplace.com with their article: “4 Food Stocks Ready for Growth as Tastes Change” published on June 11, 2018, Seekingalpha.com published: “Eat Up Growth With McCormick & Company” on June 14, 2018. More interesting news about McCormick & Company, Incorporated (NYSE:MKC) were released by: Investorplace.com and their article: “5 Consumer Staples Stocks to Buy for Long-Term Gains” published on June 13, 2018 as well as Seekingalpha.com‘s news article titled: “McCormick: Average Yield But Robust Growth” with publication date: May 24, 2018.

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

Among 6 analysts covering McCormick \u0026 Co (NYSE:MKC), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. McCormick \u0026 Co had 7 analyst reports since January 19, 2018 according to SRatingsIntel. The stock of McCormick & Company, Incorporated (NYSE:MKC) earned “Neutral” rating by UBS on Wednesday, March 28. The stock of McCormick & Company, Incorporated (NYSE:MKC) has “Sell” rating given on Friday, January 19 by Deutsche Bank. The firm earned “Outperform” rating on Wednesday, March 28 by Credit Suisse. The company was maintained on Friday, January 26 by UBS. As per Wednesday, March 28, the company rating was maintained by Citigroup. As per Thursday, January 25, the company rating was maintained by Stifel Nicolaus.

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

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