Profit Investment Management Lowers stake in McCormick & Company Incorporated (MKC)

McCormick & Company Incorporated (MKC) : Profit Investment Management reduced its stake in McCormick & Company Incorporated by 42.53% during the most recent quarter end. The investment management company now holds a total of 11,400 shares of McCormick & Company Incorporated which is valued at $1,078,554 after selling 8,438 shares in McCormick & Company Incorporated , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.McCormick & Company Incorporated makes up approximately 1.09% of Profit Investment Management’s portfolio.

Other Hedge Funds, Including , Toth Financial Advisory Corp reduced its stake in MKC by selling 33 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 23,513 shares of MKC which is valued at $2,224,565. McCormick & Company Incorporated makes up approx 0.67% of Toth Financial Advisory Corp’s portfolio. Fox Run Management L.l.c. added MKC to its portfolio by purchasing 5,100 company shares during the most recent quarter which is valued at $480,216. McCormick & Company Incorporated makes up approx 0.29% of Fox Run Management L.l.c.’s portfolio.Catawba Capital Management Va reduced its stake in MKC by selling 100 shares or 4.65% in the most recent quarter. The Hedge Fund company now holds 2,050 shares of MKC which is valued at $195,898. McCormick & Company Incorporated makes up approx 0.05% of Catawba Capital Management Va’s portfolio.Chevy Chase Trust Holdings reduced its stake in MKC by selling 3,537 shares or 3.27% in the most recent quarter. The Hedge Fund company now holds 104,606 shares of MKC which is valued at $10,024,393. McCormick & Company Incorporated makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.Ct Mason reduced its stake in MKC by selling 8,636 shares or 39.55% in the most recent quarter. The Hedge Fund company now holds 13,197 shares of MKC which is valued at $1,264,669. McCormick & Company Incorporated makes up approx 0.56% of Ct Mason’s portfolio.

McCormick & Company Incorporated closed down -1.16 points or -1.22% at $94.16 with 5,98,471 shares getting traded on Tuesday. Post opening the session at $94.96, the shares hit an intraday low of $93.89 and an intraday high of $95.45 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, McCormick & Company Incorporated reported $0.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jun 30, 2016. Analyst had a consensus of $0.74. The company had revenue of $1063.30 million for the quarter, compared to analysts expectations of $1062.80 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Many Wall Street Analysts have commented on McCormick & Company Incorporated. McCormick & Company Incorporated was Downgraded by Bernstein to ” Mkt Perform” on Sep 16, 2016.

McCormick & Company Incorporated manufactures markets and distributes spices seasoning mixes condiments and other flavorful products to the food industry. The Company has two business segments: consumer and industrial. Under the Consumer segment its brands in the Americas include McCormick Lawry’s and Club House. It also markets ethnic brands such as Zatarain’s Thai Kitchen and Simply Asia. In Europe the Middle East and Africa (EMEA) its brands include the Ducros Schwartz and Kamis brands of spices herbs and seasonings and a line of Vahine brand dessert items. In the Asia/Pacific region it markets products under the McCormick and DaQiao brands. In Australia it markets products under the McCormick brand. In India its majority-owned joint venture owns and trades under the Kohinoor brand. In the industrial business segment it offers seasoning blends spices and herbs condiments coating systems and compound flavors to food manufacturers and foodservice customers.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

McCormick & Company Incorporated - Is it time to Sell?

Top Brokerage Firms are advising their investors on McCormick & Company Incorporated. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.