Mccormick & Co Inc (MKC): Nneka Louise Rimmer , Sr. VP Corp Strategy & Develop of Mccormick & Co Inc sold 560 shares on May 19, 2016. The Insider selling transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were sold at $96.00 per share for a total value of $53,759.61 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, Malcolm Swift (President Global Industrial &) sold 26,950 shares at $95.01 per share price.On Apr 20, 2016, Gordon Mckenzie Jr Stetz (Executive Vice President & CFO) sold 37,000 shares at $95.03 per share price.
Shares of McCormick & Company Incorporated (MKC) ended Friday, May 20, 2016 session in red amid volatile trading. The shares closed down -0.51 points or -0.53% at $95.56 with 7,57,428 shares getting traded. Post opening the session at $96.21, the shares hit an intraday low of $94.89 and an intraday high of $96.77 and the price vacillated in this range throughout the day. The company has a market cap of $12,129 M and the number of outstanding shares has been calculated to be 12,69,27,590 shares. The 52-week high of McCormick & Company Incorporated is $100.91 and the 52-week low is $75.68.
Company has been under the radar of several Street Analysts.McCormick & Company Incorporated is Resumed by Credit Suisse to Neutral and the brokerage firm has set the Price Target at $95. The Rating was issued on Apr 20, 2016.
McCormick & Company Incorporated manufactures markets and distributes spices seasoning mixes condiments and other flavorful products to the food industry. The Company has two business segments: consumer and industrial. Under the Consumer segment its brands in the Americas include McCormick Lawry’s and Club House. It also markets ethnic brands such as Zatarain’s Thai Kitchen and Simply Asia. In Europe the Middle East and Africa (EMEA) its brands include the Ducros Schwartz and Kamis brands of spices herbs and seasonings and a line of Vahine brand dessert items. In the Asia/Pacific region it markets products under the McCormick and DaQiao brands. In Australia it markets products under the McCormick brand. In India its majority-owned joint venture owns and trades under the Kohinoor brand. In the industrial business segment it offers seasoning blends spices and herbs condiments coating systems and compound flavors to food manufacturers and foodservice customers.