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Margaret M. V. Preston, a director at McCormick & Co Inc (NYSE:MKC), has recently sold a significant portion of her holdings in the company. According to a recent SEC filing, Preston sold 20,942 shares of common stock on February 13, 2025, at a price of $77.03 per share, totaling approximately $1.61 million. Additionally, she sold 7,150 shares of non-voting common stock at the same price, bringing the total value of her transactions to approximately $2.16 million.
Following these transactions, Preston's direct ownership of McCormick's voting common stock stands at 79,948 shares, while her non-voting common stock holdings have decreased to 6,177 shares. These sales come amid other transactions, including the acquisition of restricted stock units and dividend reinvestments, which did not involve direct cash transactions. According to InvestingPro, McCormick boasts a 39-year streak of dividend increases and maintains a FAIR financial health score. With analyst targets ranging from $67 to $96 and 7 recent downward earnings revisions, subscribers can access 8 additional ProTips and comprehensive analysis through the Pro Research Report.
In other recent news, McCormick & Company has been the subject of various analyst reviews and internal adjustments. TD Cowen maintained a Buy rating for McCormick, citing effective strategies and execution, particularly in the Consumer division, which saw a 3.7% volume growth in the fourth quarter of 2025. However, Stifel analysts revised their stance on McCormick, reducing the price target to $82 from $85 while keeping a Hold rating. This followed McCormick's fourth-quarter earnings report, which disclosed a 6% decrease in earnings per share (EPS) to $0.80. Bernstein analysts also maintained an Outperform rating on McCormick, despite a slight reduction in the company's price target from $96.00 to $95.00.
In addition to these assessments, McCormick announced the upcoming retirement of board member Patricia Little, a development that will be finalized at the company's next annual stockholders' meeting. This change in board composition is a part of the recent developments within the company.
Despite facing challenges such as underperformance in China and weak restaurant traffic and snack sales in the U.S. and EMEA regions, McCormick remains optimistic about future growth. The company is shifting focus to faster-growing categories within the Flavor Solutions division and has set ambitious targets for growth from 2023 to 2028. These recent developments reflect McCormick's ongoing efforts to adapt and grow in a dynamic market landscape.
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