McCormick & Company, Incorporated (MKC) Analysts See $1.26 EPS

September 14, 2018 - By Jimmy Cauthen

McCormick & Company, Incorporated (NYSE:MKC) LogoInvestors sentiment is 1.28 in Q2 2018. Its the same as in 2018Q1. It is flat, as 30 investors sold McCormick & Company, Incorporated shares while 200 reduced holdings. only 73 funds opened positions while 221 raised stakes. 104.94 million shares or 5.23% more from 99.72 million shares in 2018Q1 were reported.
Hightower reported 0.03% in McCormick & Company, Incorporated (NYSE:MKC). 12,463 were accumulated by Private Advisor Group Limited Liability Company. Stifel Corp invested 0.13% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). Bnp Paribas Arbitrage has invested 0% in McCormick & Company, Incorporated (NYSE:MKC). Financial Architects Inc holds 57 shares or 0% of its portfolio. Moreover, State Farm Mutual Automobile Insur has 1.46% invested in McCormick & Company, Incorporated (NYSE:MKC) for 9.44 million shares. Rhumbline Advisers stated it has 241,447 shares. Delta Asset Management Lc Tn holds 0.02% in McCormick & Company, Incorporated (NYSE:MKC) or 1,300 shares. Glenview Bancorporation Tru Dept holds 0.32% or 6,000 shares in its portfolio. Kistler reported 97 shares. Select Equity Group L P holds 0% or 265,104 shares. Regions Financial accumulated 0.51% or 387,580 shares. Buckingham Capital Inc holds 8,545 shares. 162,959 are owned by State Teachers Retirement Sys. Pineno Levin Ford Asset invested 2.11% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC).

Since June 28, 2018, it had 0 insider buys, and 3 sales for $30.94 million activity. The insider Smith Michael R sold 8,000 shares worth $959,224.

Analysts expect McCormick & Company, Incorporated (NYSE:MKC) to report $1.26 EPS on September, 27.They anticipate $0.14 EPS change or 12.50 % from last quarter’s $1.12 EPS. MKC’s profit would be $165.33 million giving it 26.06 P/E if the $1.26 EPS is correct. After having $1.02 EPS previously, McCormick & Company, Incorporated’s analysts see 23.53 % EPS growth. The stock increased 0.03% or $0.04 during the last trading session, reaching $131.32. About 109,148 shares traded. McCormick & Company, Incorporated (NYSE:MKC) has risen 32.94% since September 14, 2017 and is uptrending. It has outperformed by 17.32% the S&P500.

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

Among 4 analysts covering McCormick \u0026 Co (NYSE:MKC), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. McCormick \u0026 Co had 6 analyst reports since March 28, 2018 according to SRatingsIntel. The rating was maintained by Citigroup on Friday, June 29 with “Neutral”. The stock has “Hold” rating by Vertical Group on Friday, June 29. On Wednesday, March 28 the stock rating was maintained by UBS with “Neutral”. The firm earned “Neutral” rating on Wednesday, March 28 by Citigroup. The stock has “Outperform” rating by Credit Suisse on Wednesday, March 28. The firm has “Outperform” rating by Credit Suisse given on Friday, June 29.

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 $17.23 billion. The firm operates through two divisions, Consumer and Industrial. It has a 20.8 P/E ratio. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

More important recent McCormick & Company, Incorporated (NYSE:MKC) news were published by: Bizjournals.com which released: “The top Baltimore-area performers during the stock market’s longest bull run” on August 22, 2018, also Fool.com published article titled: “Nike Rebounds, and Amazon.com Injects Itself Into the Pharmacy Sector”, Seekingalpha.com published: “Consumer Staples Leading” on August 21, 2018. More interesting news about McCormick & Company, Incorporated (NYSE:MKC) was released by: Seekingalpha.com and their article: “Is McCormick Too Expensive Now?” with publication date: August 27, 2018.

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

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