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Investment firm boosts stake in McCormick & Company despite earnings miss and "Hold" rating.
Portland Global Advisors LLC increased its stake in McCormick & Company (MKC) by 0.7%, now owning 52,139 shares worth $3.975 million.
The company's Q4 earnings of $0.60 per share fell short of analysts' expectations of $0.64.
McCormick & Company has a "Hold" rating and a consensus price target of $83.75.
The company also announced a quarterly dividend of $0.45, payable on April 21st.
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La empresa de inversión impulsa la participación en McCormick & Company a pesar de la pérdida de ganancias y de la calificación de "Hold".