New insider activity at McCormick & Company ( (MKC) ) has taken place on February 15, 2025.
Director Margaret Preston recently executed a significant transaction involving McCormick & Company stock, offloading a total of 28,092 shares. This sale amounted to a substantial $2,163,926, reflecting a notable movement in her holdings.
Recent Updates on MKC stock
In the last 24 hours, McCormick & Company announced the retirement of Patricia Little from its Board of Directors, signaling potential shifts in strategic direction and governance. Recent reports from McCormick’s Q4 earnings call highlighted strong performance with a 4% growth in the global consumer segment and notable gross margin expansion, attributed to cost-saving measures. However, challenges were noted in China due to macroeconomic conditions and geopolitical tensions affecting EMEA operations. Analysts have adjusted price targets downward, reflecting caution due to a slower recovery in China and missed FY25 guidance estimates, though robust consumer segment momentum and strategic investments in new products and packaging are expected to support future growth. These developments suggest a mixed outlook as McCormick balances current challenges with opportunities for continued expansion.
More about McCormick & Company
YTD Price Performance: 2.15%
Average Trading Volume: 1,878,087
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $20.78B