McCormick & Company, Insider Lawrence Erik Kurzius Unloads 65,300 Shares (MKC)
McCormick & Company, (NYSE:MKC) Insider Lawrence Erik Kurzius unloaded 65,300 shares of the stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $69.01, for a total value of $4,506,353.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
McCormick & Company, (NYSE:MKC) traded up 0.91% on Thursday, hitting $70.00. The stock had a trading volume of 79,153 shares. McCormick & Company, has a 52 week low of $62.75 and a 52 week high of $73.33. The stock’s 50-day moving average is $69.0 and its 200-day moving average is $69.43. The company has a market cap of $9.087 billion and a price-to-earnings ratio of 22.94.
McCormick & Company, (NYSE:MKC) last announced its earnings results on Thursday, June 26th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that McCormick & Company, will post $3.28 EPS for the current fiscal year.
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 research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $71.40.
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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