McCormick's Chief HR Officer Sarah Piper Buys Company Shares
Sarah Piper purchased 54 shares of McCormick & Company on June 16, 2026.
Key Points
- Sarah Piper, McCormick's Chief Human Relations Officer, bought 54 shares worth $2,548.26 at $47.19 each on June 16, 2026.
- McCormick & Company, trading at $46.49, has a market cap of $12.5 billion and a P/E ratio of 7.62.
- JP Morgan maintained a 'buy' rating with a $63 target, while analysts' consensus suggests a mean price of $61.23.
On June 16, 2026, Sarah Piper, the Chief Human Relations Officer at McCormick & Company, Incorporated, made an insider purchase of 54 shares. The shares were bought at an average price of $47.19, totaling $2,548.26. This transaction wasn't part of a pre-planned trading program.
Insider Buying and Selling at McCormick & Company, Incorporated
In addition to Sarah Piper's recent purchase, McCormick's Chairman, President, and CEO Brendan Foley also bought 53 shares on the same day, at the same price. Earlier transactions include Foley buying 11 shares on April 27, 2026, at $51.41, and Anne Bramman purchasing 24 shares at $51.81 on April 28, 2026.
McCormick & Company Stock Snapshot
Shares of NYSE:MKC traded around $46.49 recently. McCormick & Company has a market capitalization of approximately $12.5 billion. The company sports a P/E ratio of 7.62 and a forward P/E of 13.94, with a beta of 0.641, indicating lower volatility compared to the market. The stock's 52-week range is between $44.82 and $78.16, with a 50-day moving average of $49.07 and a 200-day moving average of $61.03.
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, 2026, maintained a 'hold' rating with a $51 target. The consensus among analysts suggests a 'buy' recommendation with an average target price of $61.23, based on 13 opinions.
About McCormick & Company
McCormick & Company, Incorporated is a global leader in the manufacture, marketing, and distribution of spices, herbs, and flavorings. Operating from Hunt Valley, Maryland, the company serves both consumer and flavor solutions markets under brands like McCormick, French's, and Frank's RedHot. Founded in 1889, McCormick employs over 14,000 people and operates in the consumer defensive sector, specifically in packaged foods.
Bottom Line
Sarah Piper's recent purchase reflects her confidence in McCormick & Company's prospects. Investors often track insider activity for potential insights into a company's future. Remember, insider transactions are disclosed after the fact and don't necessarily indicate future performance. McCormick's stock performance and analyst ratings provide additional context for those following the company.
See Also
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