Confluence Wealth Management LLC maintained its stake in shares of McCormick & Company, Incorporated (NYSE:MKC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,000 shares of the company’s stock at the close of the 2nd quarter. Confluence Wealth Management LLC’s holdings in McCormick & Company, were worth $683,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FNY Managed Accounts LLC acquired a new stake in McCormick & Company, in the 1st quarter valued at $135,000. Harfst & Associates Inc. acquired a new stake in McCormick & Company, in the 1st quarter valued at $139,000. Van ECK Associates Corp increased its holdings in McCormick & Company, by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 1,689 shares of the company’s stock valued at $165,000 after purchasing an additional 109 shares in the last quarter. BlueMountain Capital Management LLC increased its holdings in McCormick & Company, by 1,600.0% in the 2nd quarter. BlueMountain Capital Management LLC now owns 1,717 shares of the company’s stock valued at $167,000 after purchasing an additional 1,616 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in McCormick & Company, by 28.4% in the 2nd quarter. IFP Advisors Inc now owns 1,784 shares of the company’s stock valued at $174,000 after purchasing an additional 395 shares in the last quarter. Hedge funds and other institutional investors own 72.74% of the company’s stock.

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MKC has been the subject of several recent research reports. Zacks Investment Research downgraded McCormick & Company, from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Edward Jones upgraded McCormick & Company, from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. Credit Suisse Group increased their price target on McCormick & Company, from $108.00 to $112.00 and gave the company an “outperform” rating in a report on Monday, September 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $110.00 price target on shares of McCormick & Company, in a report on Thursday, August 31st. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of McCormick & Company, in a research report on Friday, June 16th. They issued a “neutral” rating and a $101.00 price objective for the company. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $103.50.

McCormick & Company, Incorporated (NYSE MKC) traded down 0.82% during trading on Friday, reaching $96.06. 691,068 shares of the company’s stock were exchanged. The company’s 50-day moving average is $96.50 and its 200-day moving average is $99.04. The company has a market capitalization of $11.97 billion, a PE ratio of 25.51 and a beta of 0.52. McCormick & Company, Incorporated has a 1-year low of $88.64 and a 1-year high of $106.50.

McCormick & Company, (NYSE:MKC) last announced its earnings results on Thursday, June 29th. The company reported $0.82 EPS for the quarter, topping the 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 business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. Equities research analysts expect that McCormick & Company, Incorporated will post $4.13 earnings per share for the current fiscal year.

McCormick & Company, Profile

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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