New insider activity at McCormick & Company ( (MKC) ) has taken place on February 5, 2025.
Director Lawrence Erik Kurzius recently made headlines by selling 50,000 shares of McCormick & Company stock, amounting to a significant transaction worth $3,840,000.
Recent Updates on MKC stock
In recent developments, McCormick & Company announced the retirement of Patricia Little from the Board of Directors, signaling potential changes in governance and strategic direction. The company held its Q4 earnings call, reporting strong volume growth in the consumer segment and expansion in EMEA markets, coupled with gross margin improvements due to cost-saving initiatives. However, challenges such as a difficult macroeconomic climate in China and geopolitical tensions in the Middle East were noted. Despite these challenges, McCormick exceeded earnings expectations with a 9% increase in adjusted earnings per share. Barclays adjusted its price target on McCormick, citing the tempered low end of fiscal 2025 organic sales growth due to slow recovery in China, but highlighted Q4 sales momentum in the consumer segment as a positive factor for short-term performance.
More about McCormick & Company
YTD Price Performance: 2.83%
Average Trading Volume: 1,884,483
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $20.93B