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





September 17, 2017 – By Clifton Ray







 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 is negative, 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.
Scott Selber Inc owns 1.41% invested in McCormick & Company, Incorporated (NYSE:MKC) for 23,458 shares. Of Oklahoma holds 17,238 shares. 2,470 were reported by Court Place Advsrs Lc. 322 were accumulated by Investment Counselors Of Maryland Ltd Llc. Huntington Commercial Bank reported 0% in McCormick & Company, Incorporated (NYSE:MKC). Schwab Charles Invest Management owns 337,663 shares or 0.03% of their US portfolio. Cibc Asset Mgmt Inc accumulated 0.01% or 19,241 shares. Tarbox Gru Incorporated holds 0% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC) for 36 shares. Michigan-based Jlb And Associates has invested 3.32% in McCormick & Company, Incorporated (NYSE:MKC). Glob X Mngmt Com Limited Liability has invested 0.01% in McCormick & Company, Incorporated (NYSE:MKC). Gideon Cap Advsrs has invested 0.23% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). Envestnet Asset Management Inc reported 9,237 shares. Citigroup has invested 0% in McCormick & Company, Incorporated (NYSE:MKC). Blackrock Institutional Co Na accumulated 4.53 million shares. Nomura Hldgs has 0.01% invested in McCormick & Company, Incorporated (NYSE:MKC) for 42,044 shares.

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

Analysts expect McCormick & Company, Incorporated (NYSE:MKC) to report $1.05 EPS on September, 29.They anticipate $0.02 EPS change or 1.94 % from last quarter’s $1.03 EPS. MKC’s profit would be $137.01 million giving it 23.56 P/E if the $1.05 EPS is correct. After having $0.82 EPS previously, McCormick & Company, Incorporated’s analysts see 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 “Sell” rating by Citigroup on Friday, October 2. As per Tuesday, September 1, the company rating was initiated by BB&T Capital. The stock has “Neutral” rating by Goldman Sachs on Friday, June 16. The rating was initiated by Deutsche Bank on Wednesday, February 15 with “Hold”. The stock has “Underweight” rating by JP Morgan on Tuesday, January 19. On Wednesday, February 24 the stock rating was initiated by UBS with “Neutral”. The company was maintained on Friday, June 30 by Credit Suisse. The stock of McCormick & Company, Incorporated (NYSE:MKC) earned “Mkt Perform” rating by Bernstein on Friday, September 16. The firm earned “Buy” rating on Tuesday, August 22 by Credit Suisse. The firm has “Hold” rating by Jefferies given on Wednesday, December 16.

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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