MCCORMICK & CO /SH NV (NYSE:MKC) hit a new 52-week high on Monday . The company traded as high as $132.83 and last traded at $132.37, with a volume of 21328 shares trading hands. The stock had previously closed at $132.00.

A number of brokerages have weighed in on MKC. Zacks Investment Research upgraded shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine upgraded shares of MCCORMICK & CO /SH from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Vertical Group lowered shares of MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. They noted that the move was a valuation call. Citigroup upped their price objective on MCCORMICK & CO /SH from $114.00 to $117.00 and gave the stock a “neutral” rating in a research note on Friday, June 29th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $123.00 price objective on shares of MCCORMICK & CO /SH in a research note on Thursday, June 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. MCCORMICK & CO /SH presently has an average rating of “Hold” and an average price target of $114.25.

The company has a debt-to-equity ratio of 1.47, a current ratio of 0.85 and a quick ratio of 0.42. The company has a market capitalization of $17.37 billion, a P/E ratio of 30.64, a price-to-earnings-growth ratio of 2.96 and a beta of 0.55.

MCCORMICK & CO /SH (NYSE:MKC) last posted its quarterly earnings data on Thursday, June 28th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.93 by $0.09. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. MCCORMICK & CO /SH had a return on equity of 21.98% and a net margin of 15.83%. MCCORMICK & CO /SH’s revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 EPS. analysts forecast that MCCORMICK & CO /SH NV will post 4.96 EPS for the current year.

In other news, VP Michael R. Smith sold 8,000 shares of the company’s stock in a transaction on Monday, July 9th. The stock was sold at an average price of $119.90, for a total value of $959,200.00. Following the completion of the sale, the vice president now directly owns 22,759 shares in the company, valued at approximately $2,728,804.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan D. Wilson sold 158,600 shares of the company’s stock in a transaction on Thursday, June 28th. The stock was sold at an average price of $110.00, for a total value of $17,446,000.00. Following the completion of the sale, the director now owns 212,894 shares of the company’s stock, valued at $23,418,340. The disclosure for this sale can be found here. Insiders sold a total of 266,600 shares of company stock valued at $30,935,200 over the last 90 days. 19.20% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of MKC. Victory Capital Management Inc. boosted its holdings in MCCORMICK & CO /SH by 8.4% in the 1st quarter. Victory Capital Management Inc. now owns 30,374 shares of the company’s stock worth $3,231,000 after buying an additional 2,345 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in MCCORMICK & CO /SH by 7.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 430,434 shares of the company’s stock worth $45,794,000 after buying an additional 30,497 shares during the period. Signaturefd LLC bought a new position in MCCORMICK & CO /SH in the 1st quarter worth $116,000. Teacher Retirement System of Texas boosted its holdings in MCCORMICK & CO /SH by 167.4% in the 1st quarter. Teacher Retirement System of Texas now owns 87,850 shares of the company’s stock worth $9,346,000 after buying an additional 55,001 shares during the period. Finally, Cetera Advisor Networks LLC bought a new position in MCCORMICK & CO /SH in the 1st quarter worth $362,000. 82.59% of the stock is owned by institutional investors.

MCCORMICK & CO /SH Company Profile (NYSE:MKC)

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.

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