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Lawrence Erik Kurzius, a director at McCormick & Co Inc (NYSE:MKC), recently executed a significant transaction involving the company’s stock. On April 2, Kurzius sold 50,000 shares of McCormick’s common stock at an average price of $81.806 per share, totaling approximately $4.09 million. This sale follows his acquisition of 50,000 shares at a price of $49.96 each, a transaction valued at about $2.5 million. After these transactions, Kurzius holds a total of 247,437 shares directly.
The transactions were part of routine financial management and do not reflect any immediate changes in the company’s strategic direction. McCormick, known for its spices and flavorings, continues to be a staple in the food industry, with its headquarters in Hunt Valley, Maryland. The company maintains a moderate debt level and has achieved a solid 38.6% gross profit margin. InvestingPro analysis reveals 8 additional key insights about McCormick’s financial health and growth prospects, available to subscribers.
In other recent news, McCormick & Company reported mixed results for the first quarter of 2025, with a notable 16% decline in profit for the Consumer Segment in constant currency terms, influenced by a 1.4% decrease in pricing. Despite this, the Flavor Solutions division showed signs of recovery with a 3.3% organic sales growth. Analyst firm Bernstein maintained a positive outlook on McCormick, raising the stock price target to $101.00, citing potential benefits from a reformulation trend in the U.S. packaged foods industry. Meanwhile, Argus downgraded McCormick’s stock rating from "Buy" to "Hold," expressing concerns over weakened restaurant foot traffic and rising input costs. They noted that these factors could constrain earnings growth, despite McCormick’s efforts to control expenses. Additionally, TD Cowen adjusted its price target for McCormick shares to $90.00, maintaining a "Buy" rating, and highlighted the company’s robust volume growth and potential for gross margin improvement. McCormick’s annual meeting also saw the election of eleven directors and the ratification of Ernst & Young LLP as the independent auditor. Shareholders approved the executive compensation, reflecting satisfaction with the company’s pay structure.
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