How Many McCormick & Company, Incorporated (NYSE:MKC)’s Analysts Are Bearish?

July 14, 2018 - By Mary Gaskins

McCormick & Company, Incorporated (NYSE:MKC) LogoInvestors sentiment increased to 1.28 in Q1 2018. Its up 0.12, from 1.16 in 2017Q4. It increased, as 29 investors sold McCormick & Company, Incorporated shares while 190 reduced holdings. 73 funds opened positions while 208 raised stakes. 99.72 million shares or 0.89% less from 100.61 million shares in 2017Q4 were reported.
Alliancebernstein Ltd Partnership reported 198,738 shares. Bnp Paribas Asset Sa holds 0.03% or 31,275 shares in its portfolio. Scotia holds 0.11% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC) for 76,938 shares. Jacobs & Company Ca holds 46,892 shares. Principal Grp Inc Inc, a Iowa-based fund reported 339,013 shares. Livingston Gp Asset Mngmt (Operating As Southport Management) accumulated 4,589 shares. Wms reported 43,384 shares. California State Teachers Retirement System invested in 198,739 shares. Invesco has invested 0.01% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC). Cape Cod Five Cents Comml Bank has 21,366 shares. 2,255 were reported by Lincoln Cap Ltd Com. Adage Gru Ltd Llc holds 0.04% in McCormick & Company, Incorporated (NYSE:MKC) or 162,915 shares. 2,737 are held by Hm Payson & Commerce. Moreover, Azimuth Limited Liability has 0.51% invested in McCormick & Company, Incorporated (NYSE:MKC). Raymond James Na reported 0.05% in McCormick & Company, Incorporated (NYSE:MKC).

Since January 29, 2018, it had 0 insider buys, and 4 insider sales for $19.36 million activity. WILSON ALAN D sold $17.45 million worth of stock or 158,600 shares. Smith Michael R had sold 8,000 shares worth $959,224 on Monday, July 9.

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

Among 7 analysts covering McCormick \u0026 Co (NYSE:MKC), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. McCormick \u0026 Co had 10 analyst reports since January 19, 2018 according to SRatingsIntel. Credit Suisse maintained McCormick & Company, Incorporated (NYSE:MKC) rating on Wednesday, March 28. Credit Suisse has “Outperform” rating and $122 target. The stock of McCormick & Company, Incorporated (NYSE:MKC) earned “Neutral” rating by UBS on Wednesday, March 28. The firm earned “Neutral” rating on Friday, January 26 by UBS. Deutsche Bank downgraded the shares of MKC in report on Friday, January 19 to “Sell” rating. As per Friday, June 29, the company rating was maintained by Credit Suisse. The firm earned “Neutral” rating on Friday, June 29 by Citigroup. The rating was maintained by Citigroup with “Neutral” on Wednesday, March 28. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, January 25. On Friday, June 29 the stock rating was downgraded by Vertical Group to “Hold”. Below is a list of McCormick & Company, Incorporated (NYSE:MKC) latest ratings and price target changes.

29/06/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $122 New Target: $124 Maintain
29/06/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $114 New Target: $117 Maintain
29/06/2018 Broker: Vertical Group Old Rating: Buy New Rating: Hold Downgrade
28/03/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $113 New Target: $114 Maintain
28/03/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $120 New Target: $122 Maintain
28/03/2018 Broker: UBS Old Rating: Neutral New Rating: Neutral Old Target: $106 New Target: $108 Maintain
26/01/2018 Broker: Barclays Capital Rating: Hold New Target: $107.0
26/01/2018 Broker: UBS Old Rating: Neutral New Rating: Neutral Old Target: $100 New Target: $106 Maintain
25/01/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $110.0 Maintain
19/01/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Sell Downgrade

The stock increased 0.93% or $1.1 during the last trading session, reaching $119.14. About 543,243 shares traded. McCormick & Company, Incorporated (NYSE:MKC) has declined 0.71% since July 14, 2017 and is downtrending. It has underperformed by 13.28% the S&P500.

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 $15.64 billion. The firm operates through two divisions, Consumer and Industrial. It has a 18.88 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: Seekingalpha.com, which released: “Expect A Spicy Earnings Report From McCormick” on June 27, 2018. Seekingalpha.com‘s article titled: “Morningstar cautious on McCormick” and published on July 05, 2018 is yet another important article.

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

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