Gold rally may be losing steam but no major correction seen: DB
Lawrence Erik Kurzius, a ten percent owner of Mccormick & Co Inc (NYSE:MKC), sold 50,000 shares of common stock on October 8, 2025, at a price of $65.86, totaling $3.29 million.
On the same day, Kurzius exercised options to acquire 50,000 shares of Mccormick stock at a price of $49.96, amounting to $2.498 million. Following these transactions, Kurzius directly owns 246,762 shares of Mccormick & Co Inc.
In other recent news, McCormick & Company reported its third-quarter earnings for 2025, exceeding expectations with an earnings per share (EPS) of $0.85, compared to the forecasted $0.82. The company also reported revenue of $1.72 billion, slightly surpassing the anticipated $1.71 billion. Despite these positive earnings results, UBS has lowered its price target for McCormick to $70, citing concerns over incremental costs and tariffs. Similarly, Stifel reduced its price target to $71, attributing the decision to inflation and tariff challenges, even though McCormick’s earnings exceeded their estimates. Bernstein also adjusted its price target downward to $93 due to mixed third-quarter results, despite maintaining an Outperform rating. McCormick’s organic sales growth was reported at 2%, consistent with the previous quarter. These developments come as McCormick continues to focus on product innovation and operational efficiency.
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