Susquehanna Fundamental Investments LLC Takes Position in McCormick & Company (MKC)

Susquehanna Fundamental Investments LLC bought a new position in McCormick & Company (NYSE:MKC) in the first quarter, according to its most recent filing with the SEC. The firm bought 19,300 shares of the company’s stock, valued at approximately $2,053,000.

Other hedge funds also recently added to or reduced their stakes in the company. Tiverton Asset Management LLC acquired a new stake in McCormick & Company in the 1st quarter worth approximately $105,000. Captrust Financial Advisors acquired a new stake in McCormick & Company in the 4th quarter worth approximately $108,000. Signaturefd LLC acquired a new stake in McCormick & Company in the 1st quarter worth approximately $116,000. Advisory Services Network LLC raised its position in McCormick & Company by 307.7% during the 4th quarter. Advisory Services Network LLC now owns 2,006 shares of the company’s stock worth $204,000 after buying an additional 1,514 shares during the last quarter. Finally, Claraphi Advisory Network LLC purchased a new position in McCormick & Company during the 1st quarter worth approximately $206,000. Institutional investors own 78.52% of the company’s stock.

McCormick & Company opened at $104.72 on Thursday, Marketbeat Ratings reports. The company has a quick ratio of 0.42, a current ratio of 0.86 and a debt-to-equity ratio of 1.43. The company has a market cap of $13.79 billion, a PE ratio of 24.58, a PEG ratio of 2.38 and a beta of 0.57. McCormick & Company has a 1-year low of $90.25 and a 1-year high of $111.46.

McCormick & Company (NYSE:MKC) last posted its earnings results on Tuesday, March 27th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.09. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.24 billion. McCormick & Company had a net margin of 16.04% and a return on equity of 23.39%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. analysts expect that McCormick & Company will post 4.92 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of McCormick & Company from a “sell” rating to a “hold” rating in a research report on Monday. Citigroup raised their price target on shares of McCormick & Company from $113.00 to $114.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 28th. Credit Suisse Group raised their price target on shares of McCormick & Company from $120.00 to $122.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 28th. UBS Group raised their price target on shares of McCormick & Company from $106.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 28th. Finally, Sanford C. Bernstein raised their price target on shares of McCormick & Company from $113.00 to $118.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $111.89.

McCormick & Company Profile

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates through two segments, Consumer and Industrial. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

Institutional Ownership by Quarter for McCormick & Company (NYSE:MKC)

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