New insider activity at McCormick & Company ( (MKC) ) has taken place on April 5, 2025.
V.P. & Controller Gregory Repas recently sold 2,750 shares of McCormick & Company stock, generating a total of $223,905 from the transaction.
Recent Updates on MKC stock
McCormick & Company Inc. recently held its Q1 earnings call, reporting stable sales with a slight increase in organic sales driven by volume growth. The company highlighted challenges such as softness in CPG customer volumes, a difficult foodservice environment, and currency headwinds. Despite these hurdles, McCormick maintained its guidance, reflecting confidence in its growth strategies and market position. The Flavor Solutions segment showed strong performance, particularly in the Asia Pacific region, driven by QSR customer promotions and new products. However, the segment is expected to face challenges due to weak foot traffic at some restaurants in the EMEA and U.S. segments, along with cost headwinds from higher input prices and increased brand marketing spending. These factors contributed to Argus downgrading McCormick to Hold from Buy, citing limited earnings growth potential in 2025 and beyond, despite the company’s efforts to control expenses and increase productivity through its Comprehensive Continuous Improvement and Global Operating Effectiveness programs.
More about McCormick & Company
YTD Price Performance: 6.54%
Average Trading Volume: 2,298,722
Technical Sentiment Signal: Strong Sell
Current Market Cap: $21.67B