The VP & Controller of McCormick & Company (NYSE: MKC) is Selling Shares

By Carrie Williams

Today, the VP & Controller of McCormick & Company (MKCResearch Report), Christina Mcmullen, sold shares of MKC for $58.97K.

In addition to Christina Mcmullen, 8 other MKC executives reported Sell trades in the last month.

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Based on McCormick & Company’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $1.35 billion and quarterly net profit of $174 million. In comparison, last year the company earned revenue of $1.19 billion and had a net profit of $108 million. MKC’s market cap is $19.45B and the company has a P/E ratio of 21.95. Currently, McCormick & Company has an average volume of 348.8K.

Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $136.80, reflecting a -7.4% downside.

In the last 30 days, insiders have sold $30.75M worth of MKC shares and purchased $5.26M worth of MKC shares. The insider sentiment on McCormick & Company has been negative according to 73 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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McCormick & Co., Inc. engages in the manufacture, market, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Industrial business segments.