Mccormick & Co Inc (MKC): Gordon Mckenzie Jr Stetz , Executive Vice President & CFO of Mccormick & Co Inc sold 38,900 shares on Jul 13, 2016. The Insider selling transaction was reported by the company on Jul 14, 2016 to the Securities and Exchange Commission. The shares were sold at $105.17 per share for a total value of $4,091,031.25 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 6, 2016, Patricia A Little (director) sold 3,750 shares at $107.22 per share price.On May 23, 2016, Nneka Louise Rimmer (Sr. VP Corp Strategy & Develop) sold 560 shares at $96.00 per share price.Also, 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.
McCormick & Company Incorporated: On Wednesday, Jul 13, 2016 heightened volatility was witnessed in McCormick & Company Incorporated which led to swings in the share price. The shares opened for trading at $104.95 and hit $105.76 on the upside , eventually ending the session at $105.26, with a gain of 0.48% or 0.5 points. The heightened volatility saw the trading volume jump to 6,49,664 shares. The 52-week high of the share price is $107.84 and the company has a market cap of $13,331 M . The 52-week low of the share price is at $75.68.
Company has been under the radar of several Street Analysts.McCormick & Company Incorporated is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 113 from a previous price target of $110 .The Rating was issued on Jul 1, 2016.McCormick & Company Incorporated is Upgraded by Citigroup to Neutral. Earlier the firm had a rating of Sell on the company shares. The Rating was issued on Jun 23, 2016.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.