Mccormick & Co Inc (NYSE:MKC): Negative Stock Sentiment

April 26, 2018 - By Ellis Scott

McCormick & Company, Incorporated (NYSE:MKC) Logo

Sentiment for Mccormick & Co Inc (NYSE:MKC)

Mccormick & Co Inc (NYSE:MKC) institutional sentiment decreased to 1.16 in Q4 2017. Its down -0.47, from 1.63 in 2017Q3. The ratio turned negative, as 271 investment managers increased and opened new stock positions, while 234 reduced and sold their positions in Mccormick & Co Inc. The investment managers in our partner’s database reported: 100.61 million shares, up from 97.65 million shares in 2017Q3. Also, the number of investment managers holding Mccormick & Co Inc in their top 10 stock positions decreased from 9 to 6 for a decrease of 3. Sold All: 45 Reduced: 189 Increased: 207 New Position: 64.

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 $13.81 billion. The firm operates through two divisions, Consumer and Industrial. It has a 16.94 P/E ratio. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

The stock increased 1.48% or $1.53 during the last trading session, reaching $105.19. About 1.04 million shares traded. McCormick & Company, Incorporated (NYSE:MKC) has risen 5.91% since April 26, 2017 and is uptrending. It has underperformed by 5.64% the S&P500.

Analysts await McCormick & Company, Incorporated (NYSE:MKC) to report earnings on July, 5. They expect $0.93 earnings per share, up 13.41 % or $0.11 from last year’s $0.82 per share. MKC’s profit will be $122.09 million for 28.28 P/E if the $0.93 EPS becomes a reality. After $1.00 actual earnings per share reported by McCormick & Company, Incorporated for the previous quarter, Wall Street now forecasts -7.00 % negative EPS growth.

Reik & Co. Llc holds 9.24% of its portfolio in McCormick & Company, Incorporated for 283,121 shares. Financial Consulate Inc owns 78,065 shares or 4.07% of their US portfolio. Moreover, Gilman Hill Asset Management Llc has 3.43% invested in the company for 82,731 shares. The Michigan-based Jlb & Associates Inc has invested 3.15% in the stock. Goodman Financial Corp, a Texas-based fund reported 63,272 shares.

Since January 1, 0001, it had 0 insider buys, and 3 sales for $1.45 million activity.

McCormick & Company, Incorporated (NYSE:MKC) Ratings Coverage

Ratings analysis reveals 29% of McCormick \u0026 Co’s analysts are positive. Out of 7 Wall Street analysts rating McCormick \u0026 Co, 2 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $106 while the high is $122. The stock’s average target of $113.50 is 7.90% above today’s ($105.19) share price. MKC was included in 8 notes of analysts from October 30, 2017. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, March 28. The firm earned “Sell” rating on Friday, January 19 by Deutsche Bank. Citigroup maintained McCormick & Company, Incorporated (NYSE:MKC) rating on Wednesday, March 28. Citigroup has “Neutral” rating and $114 target. The firm has “Buy” rating by Jefferies given on Monday, October 30. The stock of McCormick & Company, Incorporated (NYSE:MKC) earned “Neutral” rating by UBS on Friday, January 26. The stock has “Neutral” rating by UBS on Wednesday, March 28. The rating was maintained by Stifel Nicolaus on Thursday, January 25 with “Hold”.

McCormick & Company, Incorporated (NYSE:MKC) Institutional Positions Chart

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