Insider Selling: Lawrence Erik Kurzius Sells 65,300 Shares of McCormick & Company, Stock (MKC)
McCormick & Company, (NYSE:MKC) Insider Lawrence Erik Kurzius unloaded 65,300 shares of McCormick & Company, stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $69.01, for a total transaction of $4,506,353.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of McCormick & Company, in a research note on Monday, June 2nd. They now have a $70.00 price target on the stock, up previously from $67.00. Five investment analysts have rated the stock with a hold rating, McCormick & Company, presently has an average rating of “Hold” and a consensus target price of $71.40.
Shares of McCormick & Company, (NYSE:MKC) traded up 0.43% during mid-day trading on Tuesday, hitting $69.37. The stock had a trading volume of 279,210 shares. McCormick & Company, has a 52 week low of $62.75 and a 52 week high of $73.33. The stock has a 50-day moving average of $69.14 and a 200-day moving average of $69.36. The company has a market cap of $9.005 billion and a P/E ratio of 22.84.
McCormick & Company, (NYSE:MKC) last issued its quarterly earnings data on Thursday, June 26th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.02. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company posted $0.59 earnings per share. McCormick & Company,’s revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that McCormick & Company, will post $3.28 earnings per share for the current fiscal year.
McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry, retail outlets, food manufacturers and foodservice businesses.
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