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HUNT VALLEY, MD—Gregory Repas, Vice President and Controller of McCormick & Co Inc (NYSE:MKC), has recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Repas sold 2,750 shares of McCormick’s common stock on April 3, 2025, at a price of $81.42 per share. This transaction resulted in a total sale value of approximately $223,905.
Following this transaction, Repas retains ownership of 2,266 shares in the company. McCormick & Co, known for its spices and flavor products, continues to be a significant player in the food industry, with its headquarters located in Hunt Valley, Maryland.
In other recent news, McCormick & Company has been the subject of several important developments. The company held its Annual Meeting of Stockholders, where shareholders approved executive compensation and elected eleven directors to the board. Additionally, Ernst & Young LLP was ratified as the independent auditor for the upcoming fiscal year. In terms of earnings, McCormick’s first-quarter performance showed a 2.0% organic revenue growth, although earnings per share fell short of expectations, according to TD Cowen analysts. Despite this, McCormick’s volume growth of 2.2% was noted as a positive indicator, especially against the backdrop of a declining industry average.
On the analyst front, Bernstein maintained its Outperform rating for McCormick, raising the price target to $101.00, citing potential benefits from a reformulation supercycle in the U.S. packaged foods industry. Meanwhile, Argus downgraded McCormick from a "Buy" to a "Hold," expressing concerns over rising input costs and reduced restaurant foot traffic impacting the company’s earnings growth. TD Cowen also adjusted its price target for McCormick to $90.00, maintaining a Buy rating and highlighting the company’s robust volume growth and position in health and wellness trends. These recent developments reflect a mix of optimism and caution among analysts regarding McCormick’s future performance.
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