Brokerages Anticipate McCormick & Company, Incorporated (MKC) to Announce $0.77 Earnings Per Share

Brokerages Anticipate McCormick & Company, Incorporated (MKC) to Announce $0.77 Earnings Per Share”

Bank of Hawaii's holdings in McCormick & Company, were worth $657,000 at the end of the most recent reporting period. Saturna Capital Corp bought 50,000 shares as the company's stock rose 3.48% with the market. UBS Asset Management Americas Inc. grew its holdings in shares of McCormick & Company, by 13.0% during the 1st quarter.

Carnegie Capital Asset Management LLC lowered its position in shares of McCormick & Company, Incorporated (NYSE:MKC) by 3.9% in the second quarter, according to its most recent 13F filing with the SEC. Four analysts surveyed by Zacks expected $1.15 billion. Schulhoff & has invested 1.12% in McCormick & Company, Incorporated (NYSE:MKC).

McCormick & Company, (NYSE:MKC) last issued its quarterly earnings data on Thursday, September 28th. They expect $1.05 earnings per share, up 1.94% or $0.02 from last year's $1.03 per share. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. The company posted earnings of $1.11 B for the period end, compared to the average forecast of $1.10 B. McCormick & Company, had a net profit margin of 10.69% and a ROE of 28.28%.

While other packaged food operators continue to be plagued by lackluster sales, McCormick again bucked the trend, chalking up solid third-quarter results (which included 4.4% organic sales growth and 140 basis points of adjusted operating income improvement to 17.2%). During the same quarter in the prior year, the business earned $0.74 EPS.

A number of analysts have weighed in on MKC shares. Barclays PLC reiterated a "hold" rating and set a $101.00 price objective on shares of McCormick & Company, in a research note on Friday, January 27th. (The) started coverage on shares of McCormick & Company, in a research report on Friday, June 16th. The stock of McCormick & Company, Incorporated (NYSE:MKC) has "Hold" rating given on Wednesday, October 12 by Jefferies. Argent Tru Company has 30,242 shares. Five research experts recommended the company shares with a hold recommendation and five have issued a buy recommendation to the share. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of "Buy" and an average price target of $103.50. The firm owned 9,941,485 shares of the company's stock after selling 463,928 shares during the period. The shares were sold at an average price of $95.09, for a total value of $475,450.00. IFP Advisors Inc now owns 1,784 shares of the company's stock valued at $174,000 after acquiring an additional 395 shares in the last quarter. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Other institutional investors have also recently added to or reduced their stakes in the company. FNY Managed Accounts LLC bought a new stake in shares of McCormick & Company, during the first quarter valued at approximately $135,000. Great West Life Assurance Co. Envestnet Asset Management Inc. grew its holdings in shares of McCormick & Company, by 22.2% during the 1st quarter. The 52-week high is -4.83% and the 52-week low is 14.35%. The Massachusetts-based Puzo Michael J has invested 0.47% in McCormick & Company, Incorporated (NYSE:MKC). Tiemann Investment Advsrs Limited Liability Company invested in 13,892 shares or 0.56% of the stock. Mutual of America Capital Management LLC now owns 14,699 shares of the company's stock worth $1,434,000 after purchasing an additional 2,073 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in McCormick & Company, by 28.4% in the first quarter. Ironwood Investment Management LLC now owns 3,628 shares of the company's stock valued at $354,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 72.74% of the company's stock.

McCormick & Company, (NYSE:MKC) had the price objective upgraded by Credit Suisse Group from $108.00 to $112.00 in a study report released on early Mon, Sep 18th. There has been an observed change of -8.22% in the ownership of the shares in the past six months. The firm's 50-day moving average price is $96.50 and its 200-day moving average price is $99.04. The stock of McCormick & Company, Incorporated (NYSE:MKC) has "Hold" rating given on Monday, August 24 by Zacks. That puts the market capitalization at $12.74 bln.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 24th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.47 per share. Citigroup maintained the shares of MKC in report on Friday, October 2 with "Sell" rating.

Like this


29 September 2017
Tigers sign son of Pedro Martinez to minor league deal
Dominican journalist Dionisio Soldevila reported that Martinez signed for $800,000 , plus a $300,000 scholarship. The elder Martinez won two Cy Young Awards with the Boston Red Sox and one with the Montreal Expos.

29 September 2017
SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) Needle Moving on Volume
Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. With so much historical data available, investors may choose to look at many different time frames when examining a stock.

29 September 2017
Gilead Sciences, Inc. (GILD) Given Consensus Rating of "Buy" by Analysts
BidaskClub lowered shares of Gilead Sciences from a "buy" rating to a "hold" rating in a research report on Wednesday, August 9th. The Underhill Investment Management Llc holds 205,800 shares with $14.57 million value, up from 168,800 last quarter.

29 September 2017
Technical Spotlight: Tracking Shares of Anaconda Mining Inc
Traders may employ the indicator to determine stock trends or to identify if a stock is trading in overbought/oversold territory. Investors may be interested in viewing the Gross Margin score on shares of iShares Trust - iShares MSCI EAFE ETF (ARCA:EFA).

29 September 2017
Betsy DeVos Speaks at Harvard Amid Protests
More than a dozen protesters stood in the crowd holding signs reading "protect survivors", and "our students are not 4 sale". She was confirmed in February when Vice President Mike Pence cast a tie-breaking vote in the Senate.

29 September 2017
Toshiba's $18bln sale of chip unit finally signed, legal cha lenges remain
In spite of the various corporate attempts to impede negotiations from going through, Toshiba has successfully signed the deal. Smartphone makers are increasingly using NAND flash memory, an advanced form of the technology.

29 September 2017
Jaguars aim to ride momentum vs. Jets
They followed a near-perfect season debut at Houston with a fully flawed home opener against Tennessee. Jacksonville was balanced, efficient and turnover-free on offense, and downright dominant on defense.

29 September 2017
GW&K Investment Management LLC Has $6.32 Million Stake in Pepsico, Inc. (PEP)
Spinnaker Trust increased its stake in Pepsico Inc ( PEP ) by 52.9% based on its latest 2017Q2 regulatory filing with the SEC. Several other institutional investors and hedge funds also recently made changes to their positions in the company.

29 September 2017
Beyoncé Just Released a New Song and Proceeds Go to Hurricane Relief
The Houston native donated to relief efforts after Hurricane Harvey hit, and she encouraged her fans to do what they could to help.

29 September 2017
Amano: Iran's nuclear program different from North Korea
If Trump refuses to do that, then the Republican-controlled Congress will have 60 days to decide whether to re-impose sanctions waived under the deal.