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Credit Suisse Issues a Downgrade for McCormick \u0026 Co (NYSE:MKC) from a “Outperform” to “Neutral” Rating

McCormick & Company, Incorporated (NYSE:MKC) Logo

Investors sentiment is 1.28 in 2018 Q2. Its the same as in 2018Q1. It is the same, as 30 investors sold McCormick & Company, Incorporated shares while 200 reduced holdings. only 73 funds opened positions while 221 raised stakes. 104.94 million shares or 5.23% more from 99.72 million shares in 2018Q1 were reported.

Strategic Fincl Ser Inc has 0.34% invested in McCormick & Company, Incorporated (NYSE:MKC). Verition Fund Mgmt holds 18,440 shares or 0.13% of its portfolio. Reik & Co Ltd Co invested in 10.03% or 280,596 shares. South State holds 1,890 shares. Smithfield Co has 0.02% invested in McCormick & Company, Incorporated (NYSE:MKC) for 1,736 shares. Monetary Management Group reported 0.01% in McCormick & Company, Incorporated (NYSE:MKC). Farr Miller & Washington Ltd Liability Company Dc stated it has 5,148 shares. Prudential reported 146,328 shares. Moreover, Reliance Trust Of Delaware has 0.18% invested in McCormick & Company, Incorporated (NYSE:MKC) for 9,745 shares. Financial Consulate stated it has 76,764 shares or 4.51% of all its holdings. Harvey Communications Limited Liability Co invested in 1.49% or 69,695 shares. Oakbrook Investments Ltd Company invested in 1.92% or 262,409 shares. Maryland Cap Management holds 4,770 shares. Renaissance Techs Ltd holds 0.06% of its portfolio in McCormick & Company, Incorporated (NYSE:MKC) for 494,200 shares. Fernwood Invest Ltd Liability stated it has 5,770 shares.

Since June 28, 2018, it had 0 buys, and 3 selling transactions for $30.94 million activity. $959,224 worth of stock was sold by Smith Michael R on Monday, July 9.

McCormick \u0026 Co (NYSE:MKC) Receives a Downgrade

Credit Suisse lowered shares of McCormick \u0026 Co (NYSE:MKC) stock from a “Outperform” rating to a “Neutral” rating in a research report revealed to investors on Friday morning.

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

Among 4 analysts covering McCormick \u0026 Co (NYSE:MKC), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. McCormick \u0026 Co has $137 highest and $117 lowest target. $126.33’s average target is -16.00% below currents $150.4 stock price. McCormick \u0026 Co had 5 analyst reports since June 29, 2018 according to SRatingsIntel. As per Friday, June 29, the company rating was maintained by Citigroup. Credit Suisse maintained McCormick & Company, Incorporated (NYSE:MKC) rating on Friday, June 29. Credit Suisse has “Outperform” rating and $124 target. Stifel Nicolaus maintained it with “Hold” rating and $125 target in Friday, September 28 report. The firm has “Outperform” rating by Credit Suisse given on Friday, September 28. Vertical Group downgraded McCormick & Company, Incorporated (NYSE:MKC) on Friday, June 29 to “Hold” rating.

The stock decreased 0.62% or $0.94 during the last trading session, reaching $150.4. About 1.17 million shares traded or 32.19% up from the average. McCormick & Company, Incorporated (NYSE:MKC) has risen 32.94% since November 10, 2017 and is uptrending. It has outperformed by 17.32% the S&P500.

Analysts await McCormick & Company, Incorporated (NYSE:MKC) to report earnings on January, 24. They expect $1.69 EPS, up 9.74 % or $0.15 from last year’s $1.54 per share. MKC’s profit will be $222.39M for 22.25 P/E if the $1.69 EPS becomes a reality. After $1.28 actual EPS reported by McCormick & Company, Incorporated for the previous quarter, Wall Street now forecasts 32.03 % EPS growth.

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 $19.79 billion. The firm operates through two divisions, Consumer and Industrial. It has a 22.29 P/E ratio. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

Another recent and important McCormick & Company, Incorporated (NYSE:MKC) news was published by which published an article titled: “3 Attractive Dividend Stocks Whose Dividends Could Double” on October 16, 2018.

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

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