EPS for McCormick & Company, Incorporated (MKC) Expected At $1.52

January 23, 2018 - By Vivian Park

 EPS for McCormick & Company, Incorporated (MKC) Expected At $1.52
Investors sentiment increased to 1.63 in 2017 Q3. Its up 0.77, from 0.86 in 2017Q2. It is positive, as 44 investors sold McCormick & Company, Incorporated shares while 151 reduced holdings. 87 funds opened positions while 230 raised stakes. 97.65 million shares or 9.97% more from 88.80 million shares in 2017Q2 were reported.
Morgan Stanley reported 556,213 shares stake. Whittier Trust Communications invested 0.01% in McCormick & Company, Incorporated (NYSE:MKC). Raab Moskowitz Asset Ltd Limited Liability Company accumulated 24,418 shares. Moreover, San Francisco Sentry Investment (Ca) has 0.01% invested in McCormick & Company, Incorporated (NYSE:MKC) for 333 shares. Regions Financial holds 0.11% or 92,057 shares. First Corporation In accumulated 335 shares. The Missouri-based Hm Capital Management Limited Com has invested 0.34% in McCormick & Company, Incorporated (NYSE:MKC). Sigma Planning reported 0.03% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). State Of Wisconsin Invest Board stated it has 0.02% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). Price T Rowe Associates Md invested in 1.23 million shares or 0.02% of the stock. Pensionfund Dsm Netherlands, Netherlands-based fund reported 30,800 shares. Kornitzer Cap Mgmt Ks reported 1,950 shares. Court Place Advsrs Lc invested 0.12% in McCormick & Company, Incorporated (NYSE:MKC). Bryn Mawr reported 0.44% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). Great Lakes Lc reported 0.01% stake.

Since September 29, 2017, it had 0 insider purchases, and 3 insider sales for $1.36 million activity. Another trade for 5,000 shares valued at $497,500 was made by MANGAN MICHAEL D on Monday, October 30. $296,050 worth of McCormick & Company, Incorporated (NYSE:MKC) was sold by HRABOWSKI FREEMAN A III on Friday, October 13.

Analysts expect McCormick & Company, Incorporated (NYSE:MKC) to report $1.52 EPS on January, 24.They anticipate $0.25 EPS change or 19.69 % from last quarter’s $1.27 EPS. MKC’s profit would be $199.01M giving it 16.30 P/E if the $1.52 EPS is correct. After having $1.12 EPS previously, McCormick & Company, Incorporated’s analysts see 35.71 % EPS growth. The stock decreased 0.06% or $0.06 during the last trading session, reaching $99.13. About 1.28M shares traded or 38.41% up from the average. McCormick & Company, Incorporated (NYSE:MKC) has risen 5.12% since January 23, 2017 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, 1 Sell and 7 Hold. Therefore 33% are positive. McCormick & Company has $120 highest and $74 lowest target. $101.50’s average target is 2.39% above currents $99.13 stock price. McCormick & Company had 39 analyst reports since August 20, 2015 according to SRatingsIntel. On Wednesday, March 30 the stock rating was maintained by Citigroup with “Sell”. The firm earned “Outperform” rating on Monday, September 18 by Credit Suisse. Goldman Sachs initiated the shares of MKC in report on Friday, June 16 with “Neutral” rating. On Monday, October 30 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating by Jefferies given on Tuesday, October 3. The firm has “Neutral” rating by JP Morgan given on Wednesday, April 5. Deutsche Bank maintained McCormick & Company, Incorporated (NYSE:MKC) rating on Friday, July 1. Deutsche Bank has “Buy” rating and $113 target. The stock of McCormick & Company, Incorporated (NYSE:MKC) has “Outperform” rating given on Tuesday, October 25 by Credit Suisse. On Thursday, August 31 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of McCormick & Company, Incorporated (NYSE:MKC) earned “Hold” rating by Jefferies on Thursday, June 22.

McCormick & Company, Incorporated makes, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company has market cap of $12.98 billion. The firm operates through two divisions, Consumer and Industrial. It has a 27.52 P/E ratio. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

More news for McCormick & Company, Incorporated (NYSE:MKC) were recently published by: Prnewswire.com, which released: “McCormick & Company’s 2017 Fourth Quarter Results Conference Call to be …” on January 11, 2018. Nasdaq.com‘s article titled: “McCormick & Company, Incorporated (MKC) Ex-Dividend Date Scheduled for …” and published on December 27, 2017 is yet another important article.

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