Vise Technologies Inc. Purchases New Holdings in McCormick & Company, Incorporated $MKC

Vise Technologies Inc. purchased a new position in shares of McCormick & Company, Incorporated (NYSE:MKC) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 3,458 shares of the company’s stock, valued at approximately $262,000.

Several other large investors also recently made changes to their positions in MKC. EagleClaw Capital Managment LLC lifted its stake in McCormick & Company, Incorporated by 0.4% in the first quarter. EagleClaw Capital Managment LLC now owns 36,670 shares of the company’s stock valued at $3,018,000 after acquiring an additional 135 shares during the last quarter. Raab & Moskowitz Asset Management LLC raised its holdings in shares of McCormick & Company, Incorporated by 5.0% in the 1st quarter. Raab & Moskowitz Asset Management LLC now owns 3,506 shares of the company’s stock valued at $289,000 after purchasing an additional 167 shares during the period. Horizon Investments LLC lifted its stake in McCormick & Company, Incorporated by 5.0% in the 1st quarter. Horizon Investments LLC now owns 3,621 shares of the company’s stock valued at $296,000 after purchasing an additional 173 shares during the last quarter. ORG Partners LLC grew its stake in McCormick & Company, Incorporated by 13.2% in the 2nd quarter. ORG Partners LLC now owns 1,484 shares of the company’s stock valued at $115,000 after buying an additional 173 shares during the last quarter. Finally, Nicholson Wealth Management Group LLC grew its stake in McCormick & Company, Incorporated by 1.0% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 19,127 shares of the company’s stock valued at $1,450,000 after buying an additional 181 shares during the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Barclays reduced their price objective on McCormick & Company, Incorporated from $82.00 to $72.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of McCormick & Company, Incorporated from $83.00 to $82.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Stifel Nicolaus lowered their target price on McCormick & Company, Incorporated from $76.00 to $71.00 and set a “hold” rating for the company in a report on Wednesday, October 8th. UBS Group cut their price target on McCormick & Company, Incorporated from $71.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of McCormick & Company, Incorporated from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $78.22.

Insider Activity at McCormick & Company, Incorporated

In other news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the company’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $65.86, for a total transaction of $3,293,000.00. Following the transaction, the insider owned 246,762 shares in the company, valued at approximately $16,251,745.32. This represents a 16.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brendan M. Foley sold 57,144 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $65.56, for a total value of $3,746,360.64. Following the completion of the sale, the chief executive officer owned 108,652 shares of the company’s stock, valued at approximately $7,123,225.12. This represents a 34.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 146,158 shares of company stock worth $9,557,324. Insiders own 23.80% of the company’s stock.

McCormick & Company, Incorporated Stock Down 1.1%

McCormick & Company, Incorporated stock opened at $64.63 on Tuesday. McCormick & Company, Incorporated has a 52-week low of $63.15 and a 52-week high of $86.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.29 and a current ratio of 0.71. The firm has a 50 day moving average price of $66.22 and a two-hundred day moving average price of $70.33. The firm has a market cap of $17.35 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 3.74 and a beta of 0.61.

McCormick & Company, Incorporated (NYSE:MKC) last released its earnings results on Tuesday, October 7th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. McCormick & Company, Incorporated had a net margin of 11.46% and a return on equity of 14.30%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the business earned $0.83 earnings per share. McCormick & Company, Incorporated’s revenue for the quarter was up 2.7% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2025 guidance at 3.000-3.050 EPS. Equities analysts predict that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Tuesday, October 14th. McCormick & Company, Incorporated’s payout ratio is presently 62.28%.

McCormick & Company, Incorporated Profile

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.