Maple Capital Management Inc. Acquires 5,595 Shares of MCCORMICK & CO /SH NV (MKC)

Maple Capital Management Inc. boosted its holdings in MCCORMICK & CO /SH NV (NYSE:MKC) by 11.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,018 shares of the company’s stock after buying an additional 5,595 shares during the period. MCCORMICK & CO /SH makes up 2.0% of Maple Capital Management Inc.’s investment portfolio, making the stock its 22nd biggest holding. Maple Capital Management Inc.’s holdings in MCCORMICK & CO /SH were worth $7,800,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MKC. O Shaughnessy Asset Management LLC bought a new position in MCCORMICK & CO /SH in the 4th quarter valued at $26,000. Winthrop Partners WNY LLC bought a new position in MCCORMICK & CO /SH in the 4th quarter valued at $28,000. JNBA Financial Advisors bought a new position in MCCORMICK & CO /SH in the 4th quarter valued at $28,000. Oregon Public Employees Retirement Fund boosted its holdings in MCCORMICK & CO /SH by 38,047.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,051,488 shares of the company’s stock valued at $36,000 after purchasing an additional 5,038,246 shares during the period. Finally, Financial Advantage Inc. bought a new position in MCCORMICK & CO /SH in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 81.43% of the company’s stock.

NYSE MKC opened at $139.99 on Friday. MCCORMICK & CO /SH NV has a 52-week low of $99.53 and a 52-week high of $156.00. The company has a quick ratio of 0.35, a current ratio of 0.74 and a debt-to-equity ratio of 1.27. The firm has a market cap of $18.50 billion, a PE ratio of 28.17, a P/E/G ratio of 2.93 and a beta of 0.24.

MCCORMICK & CO /SH (NYSE:MKC) last posted its quarterly earnings data on Thursday, January 24th. The company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.03). MCCORMICK & CO /SH had a return on equity of 21.34% and a net margin of 17.26%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the firm posted $1.54 earnings per share. The business’s revenue was up .6% on a year-over-year basis. On average, equities analysts expect that MCCORMICK & CO /SH NV will post 5.25 EPS for the current year.

Several brokerages have commented on MKC. Zacks Investment Research downgraded shares of MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a report on Monday, January 28th. Credit Suisse Group set a $108.00 price target on shares of MCCORMICK & CO /SH and gave the company a “buy” rating in a report on Thursday, December 20th. Deutsche Bank raised shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Consumer Edge raised shares of MCCORMICK & CO /SH from an “equal weight” rating to an “overweight” rating in a report on Friday, January 25th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $150.00 price target on shares of MCCORMICK & CO /SH in a report on Monday, January 28th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $130.63.

TRADEMARK VIOLATION NOTICE: “Maple Capital Management Inc. Acquires 5,595 Shares of MCCORMICK & CO /SH NV (MKC)” was originally published by PressOracle and is the sole property of of PressOracle. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://pressoracle.com/news/2019/03/17/maple-capital-management-inc-acquires-5595-shares-of-mccormick-co-sh-nv-mkc.html.

MCCORMICK & CO /SH Company Profile

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

Further Reading: Return on Equity (ROE)

Institutional Ownership by Quarter for MCCORMICK & CO /SH (NYSE:MKC)

Receive News & Ratings for MCCORMICK & CO /SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MCCORMICK & CO /SH and related companies with MarketBeat.com's FREE daily email newsletter.