Clarkston Capital Partners LLC Cut Mccormick & Co INC (MKC) Position as Share Price Declined

McCormick & Company, Incorporated (NYSE:MKC) LogoInvestors sentiment increased to 1.03 in Q4 2018. Its up 0.09, from 0.94 in 2018Q3. It is positive, as 31 investors sold MKC shares while 240 reduced holdings. 91 funds opened positions while 188 raised stakes. 106.77 million shares or 7.31% more from 99.50 million shares in 2018Q3 were reported. Rampart Investment Management Co Limited holds 0.05% or 1,316 shares in its portfolio. Banque Pictet And Cie reported 0.01% in McCormick & Company, Incorporated (NYSE:MKC). Tradewinds Cap Lc owns 529 shares for 0.04% of their portfolio. Toronto Dominion National Bank & Trust has 0.02% invested in McCormick & Company, Incorporated (NYSE:MKC). Thompson Siegel And Walmsley Ltd Company stated it has 413 shares. Town And Country Financial Bank And Dba First Bankers, Kentucky-based fund reported 13,204 shares. Cardinal reported 42,854 shares. Veritable Ltd Partnership, a Pennsylvania-based fund reported 10,418 shares. Riverhead Capital Mngmt Limited Company has invested 0.1% in McCormick & Company, Incorporated (NYSE:MKC). Murphy has invested 0.08% in McCormick & Company, Incorporated (NYSE:MKC). Stone Ridge Asset Limited Liability Corp reported 0.09% stake. Sumitomo Mitsui Asset Management invested in 34,443 shares. Highstreet Asset Incorporated has 0.04% invested in McCormick & Company, Incorporated (NYSE:MKC). Utd Automobile Association has 0.03% invested in McCormick & Company, Incorporated (NYSE:MKC). Chem Financial Bank has invested 0.04% in McCormick & Company, Incorporated (NYSE:MKC).

Since November 13, 2018, it had 0 insider purchases, and 1 insider sale for $58,976 activity.

Clarkston Capital Partners Llc decreased its stake in Mccormick & Co Inc (MKC) by 14.88% based on its latest 2018Q4 regulatory filing with the SEC. Clarkston Capital Partners Llc sold 64,680 shares as the company’s stock declined 8.44% while stock markets rallied. The institutional investor held 370,086 shares of the consumer non-durables company at the end of 2018Q4, valued at $51.53 million, down from 434,766 at the end of the previous reported quarter. Clarkston Capital Partners Llc who had been investing in Mccormick & Co Inc for a number of months, seems to be less bullish one the $20.42 billion market cap company. The stock increased 1.03% or $1.57 during the last trading session, reaching $154.66. About 327,142 shares traded. McCormick & Company, Incorporated (NYSE:MKC) has risen 26.92% since May 8, 2018 and is uptrending. It has outperformed by 22.55% the S&P500.

Clarkston Capital Partners Llc, which manages about $457.76 million and $2.60B US Long portfolio, upped its stake in Western Un Co (NYSE:WU) by 308,324 shares to 10.71 million shares, valued at $182.74M in 2018Q4, according to the filing. It also increased its holding in Cdk Global Inc (NASDAQ:CDK) by 811,839 shares in the quarter, for a total of 1.50 million shares, and has risen its stake in Nielsen Hldgs Plc.

Analysts await McCormick & Company, Incorporated (NYSE:MKC) to report earnings on June, 27. They expect $1.08 earnings per share, up 5.88 % or $0.06 from last year’s $1.02 per share. MKC’s profit will be $142.58 million for 35.80 P/E if the $1.08 EPS becomes a reality. After $1.12 actual earnings per share reported by McCormick & Company, Incorporated for the previous quarter, Wall Street now forecasts -3.57 % negative EPS growth.

More notable recent McCormick & Company, Incorporated (NYSE:MKC) news were published by: Seekingalpha.com which released: “McCormick: Red Hot Returns – Seeking Alpha” on February 07, 2019, also Prnewswire.com with their article: “McCormick & Company Recognized as One of DiversityInc’s 2019 Top 50 Companies – PRNewswire” published on May 08, 2019, Seekingalpha.com published: “McCormick: Lock It In – Seeking Alpha” on March 28, 2019. More interesting news about McCormick & Company, Incorporated (NYSE:MKC) were released by: Seekingalpha.com and their article: “McCormick & Company: Just Too Spicy – Seeking Alpha” published on March 27, 2019 as well as Investorplace.com‘s news article titled: “IBM Stock Is On Its Last Legs — Sell, Sell, Sell! – Investorplace.com” with publication date: April 11, 2019.

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

Among 2 analysts covering McCormick \u0026 Co (NYSE:MKC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. McCormick \u0026 Co had 4 analyst reports since November 9, 2018 according to SRatingsIntel. As per Tuesday, March 26, the company rating was maintained by Jefferies. The company was downgraded on Friday, November 9 by Credit Suisse.

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

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