Amalgamated Bank grew its position in McCormick & Company, Incorporated (NYSE:MKC) by 52.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,322 shares of the company’s stock after purchasing an additional 4,586 shares during the quarter. Amalgamated Bank’s holdings in McCormick & Company, were worth $1,299,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Swiss National Bank lifted its stake in shares of McCormick & Company, by 1.2% during the second quarter. Swiss National Bank now owns 913,348 shares of the company’s stock worth $89,061,000 after buying an additional 10,800 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of McCormick & Company, by 23.9% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,904 shares of the company’s stock worth $283,000 after buying an additional 560 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of McCormick & Company, by 15.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,241 shares of the company’s stock worth $2,949,000 after buying an additional 4,044 shares during the period. US Bancorp DE lifted its stake in shares of McCormick & Company, by 1.1% during the second quarter. US Bancorp DE now owns 67,180 shares of the company’s stock worth $6,550,000 after buying an additional 723 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of McCormick & Company, during the first quarter worth $572,000. 72.74% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research note on Thursday, June 1st. Credit Suisse Group set a $108.00 price objective on shares of McCormick & Company, and gave the stock a “buy” rating in a research note on Saturday, July 1st. BidaskClub upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Jefferies Group LLC reiterated a “hold” rating and set a $95.00 price objective on shares of McCormick & Company, in a research note on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of McCormick & Company, in a research note on Friday, June 16th. They set a “neutral” rating and a $101.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $103.50.

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McCormick & Company, Incorporated (NYSE:MKC) opened at 96.06 on Friday. McCormick & Company, Incorporated has a 52-week low of $88.64 and a 52-week high of $106.50. The firm has a market capitalization of $11.97 billion, a P/E ratio of 25.51 and a beta of 0.52. The company’s 50-day moving average is $96.50 and its 200-day moving average is $99.04.

McCormick & Company, (NYSE:MKC) last posted its earnings results on Thursday, June 29th. The company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.06. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.10 billion. McCormick & Company, had a net margin of 10.69% and a return on equity of 28.28%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm posted $0.75 EPS. On average, analysts predict that McCormick & Company, Incorporated will post $4.13 EPS for the current year.

About McCormick & Company,

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

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

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