McCormick & Company's CEO Brendan Foley Buys More Shares

Brendan Foley, the Chairman, President, and CEO of McCormick & Company, Incorporated, recently purchased 11 shares of the company. This transaction, which took place on April 27, 2026, was valued at $565.51, with each share priced at $51.41. This move was not part of a pre-planned trading program.

Other Institutional Activity in McCormick & Company

Several institutional investors have also adjusted their positions in McCormick. BlackRock, Inc. increased its holdings by 1,129,199 shares, bringing its total to 21,273,771 shares valued at about $1.07 billion. State Farm Mutual Automobile Insurance Co maintained its position with 16,522,728 shares worth approximately $833.4 million. Vanguard Capital Management LLC's holding now stands at 16,512,212 shares, valued at around $832.9 million, after adding the same number of shares. State Street Corp added 409,119 shares, totaling 15,345,206 shares valued at $774 million. Meanwhile, Aristotle Capital Management, LLC significantly boosted its stake by 8,848,235 shares, reaching 12,664,378 shares worth $638.8 million.

McCormick & Company Stock Snapshot

Shares of NYSE:MKC are currently trading near $46.49. The company has a market capitalization of approximately $12.5 billion. McCormick's P/E ratio stands at 7.6, with a forward P/E of 13.9. The stock's beta is 0.641, indicating lower volatility compared to the market. Over the past year, McCormick's shares have ranged between $44.82 and $78.16. The 50-day moving average is $49.07, while the 200-day average is $61.03.

Recent Earnings

For its most recent quarter, McCormick reported revenue of $7.11 billion, reflecting a growth rate of 16.7%. The company achieved a net margin of 23.1% and a return on equity of 25.3%. Earnings per share were $6.10. The next earnings announcement is scheduled for June 25, 2026.

Dividend

McCormick offers an annual dividend rate of $1.92, yielding 4.07% based on current prices. The company's dividend payout ratio is 30%.

Insider Buying and Selling at McCormick & Company, Incorporated

In addition to Brendan Foley's recent purchase, several other insiders have been active. On June 16, 2026, Brendan Foley acquired 53 shares at $47.19 each. Sarah Piper, Chief Human Relations Officer, bought 54 shares at the same price on the same date. On April 28, 2026, Anne Bramman and Terry Thomas purchased 24 and 4 shares, respectively, at $51.81 each. Andrew Foust, Chief Integration Officer, also bought 52 shares at this price.

Analysts Set New Price Targets

On June 12, 2026, JP Morgan maintained its 'buy' rating with a price target of $63. UBS kept a 'hold' rating with a target of $51 on June 2, 2026. Earlier, on April 1, 2026, Jefferies set a 'buy' rating with a $64 target, while BNP Paribas aimed higher with a $75 target. Overall, the consensus among 13 analysts is a 'buy' with a mean target price of $61.23.

About McCormick & Company

McCormick & Company, Incorporated, based in Hunt Valley, Maryland, is a leader in the consumer defensive sector, specializing in packaged foods. The company manufactures, markets, and distributes a wide range of herbs, spices, seasoning mixes, and condiments. It operates through two main segments: Consumer and Flavor Solutions. McCormick serves a global market with well-known brands such as McCormick, French's, and Frank's RedHot, among others, and employs approximately 14,100 people.

Bottom Line

Brendan Foley's recent stock purchase reflects his continued confidence in McCormick & Company's prospects. Investors keep a close watch on insider transactions like these as potential indicators of a company's future performance. Although this transaction provides a glimpse into Foley's personal investment decisions, it's important to remember that such filings are historical and might not represent current positions.