Brendan Foley Increases Stake in McCormick & Company
CEO Brendan Foley acquired 53 shares of McCormick on June 16, 2026.
Key Points
- Brendan Foley, CEO of McCormick & Company, bought 53 shares at $47.19 each on June 16, 2026.
- McCormick & Company, traded on NYSE as MKC, has a market cap of $12.5 billion and a P/E ratio of 7.62.
- Analysts from JP Morgan and others maintain a 'buy' rating, with price targets ranging from $51 to $75.
Brendan Foley, the Chairman, President, and CEO of McCormick & Company, Incorporated, recently purchased 53 shares of the company at an average price of $47.19. This transaction took place on June 16, 2026, and was not part of a pre-planned trading program.
Insider Buying and Selling at McCormick & Company, Incorporated
Other recent insider activity at McCormick includes Sarah Piper, the Chief Human Relations Officer, buying 54 shares at the same price on June 16, 2026. Earlier in the year, on April 27, Brendan Foley added 11 shares at $51.41. Anne Bramman and Terry Thomas also made small purchases on April 28 at $51.81 per share.
Other Institutional Activity in McCormick & Company
Several institutional investors have made moves in McCormick recently. BlackRock, Inc. increased its holdings by 1,129,199 shares, bringing its total to 21,273,771 shares valued at approximately $1.07 billion. State Street Corp added 409,119 shares, reaching 15,345,206 shares worth about $774 million. Meanwhile, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both made significant additions, with their holdings now at 16,512,212 and 13,864,616 shares, respectively.
McCormick & Company Stock Snapshot
Shares of McCormick & Company, traded on the NYSE under the ticker MKC, are currently priced around $46.49. The company has a market capitalization of approximately $12.5 billion and a P/E ratio of 7.62. The stock's 52-week range is between $44.82 and $78.16. McCormick's 50-day moving average is $49.07, and the 200-day moving average is $61.03. The company's current ratio is 0.76, with a quick ratio of 0.29, and a debt-to-equity ratio of 65.16.
Recent Earnings
McCormick & Company reported revenues of about $7.11 billion, with a revenue growth rate of 16.7%. The company's net margin stands at 23.1%, and return on equity is 25.3%. The next earnings release is scheduled for June 25, 2026.
Dividend
McCormick pays an annual dividend rate of $1.92, yielding 4.07%. The dividend payout ratio is 30%.
Analysts Set New Price Targets
On June 12, 2026, JP Morgan maintained its 'buy' rating on McCormick with a price target of $63. UBS, on June 2, kept a 'hold' rating with a target of $51. 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 produces and distributes a wide range of herbs, spices, seasoning mixes, and condiments. It operates through two segments: Consumer and Flavor Solutions, serving both retail and foodservice customers worldwide. Founded in 1889, McCormick employs approximately 14,100 people.
Bottom Line
Brendan Foley's recent share purchase highlights ongoing insider confidence in McCormick & Company. With a solid market presence and upcoming earnings, investors watch such activities to gauge company health and potential. Remember, insider transactions are disclosed after the fact and don't necessarily indicate future performance.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.