Brendan Foley Buys Additional Shares of McCormick & Company

Brendan Foley, the Chairman, President, and CEO of McCormick & Company, Incorporated (NYSE:MKC), recently bought 48 shares of the company. This purchase, made on June 29, 2026, was valued at $2,498.88, with an average price of $52.06 per share. This insider transaction was not made under a prearranged trading plan.

Insider Buying and Selling at McCormick & Company, Incorporated

Brendan Foley's recent purchase is part of a series of buys by McCormick insiders. On the same day, Sarah Piper, the Chief Human Relations Officer, also acquired 49 shares at the same price. Earlier in June, Foley bought 53 shares at $47.19, while Piper purchased 54 shares at the same rate. Foley also acquired 11 shares on April 27 at $51.41.

Other Institutional Activity in McCormick & Company

Institutional investors have also been active with McCormick stock. BlackRock, Inc. increased its holdings by 1,129,199 shares, bringing its total to 21,273,771 shares valued at about $1.07 billion, a 5.6% increase. State Farm Mutual Automobile Insurance Co maintained its position with 16,522,728 shares worth $833.4 million. Vanguard Capital Management LLC opened a new position with 16,512,212 shares valued at approximately $832.9 million. State Street Corp added 409,119 shares, increasing its stake by 2.7% to 15,345,206 shares, valued at $774 million.

McCormick & Company, Incorporated Stock Down 8.9%

Shares of McCormick & Company traded near $50.42 on Wednesday. The company has a market capitalization of approximately $13.6 billion and a P/E ratio of 8.39. Its 52-week range spans from a low of $44.82 to a high of $78.03. The stock's 50-day moving average is $48.44, while the 200-day moving average stands at $60.28. McCormick maintains a current ratio of 0.78 and a quick ratio of 0.29, with a debt-to-equity ratio of 65.14.

Recent Earnings

McCormick & Company reported revenue of $7.39 billion, reflecting a growth rate of 16.7%. The company achieved a net margin of 21.9% and a return on equity of 24.7%. Earnings per share (EPS) were $6.01. The company's next earnings report is expected on October 6, 2026.

Dividend

McCormick pays an annual dividend of $1.92 per share, yielding 3.81%. Its dividend payout ratio is 30.95%, providing a steady income stream for shareholders.

Analysts Set New Price Targets

On June 29, 2026, Barclays maintained a 'hold' rating with a $55.00 price target for McCormick. UBS and TD Cowen also maintained their ratings on June 26, with targets of $52.00 and $60.00, respectively. The consensus among analysts is a 'buy' recommendation, with an average target price of $60.23 across 13 analyst opinions.

About McCormick & Company

McCormick & Company, Incorporated, based in Hunt Valley, Maryland, is a global leader in the manufacturing, marketing, and distribution of spices, seasoning mixes, and condiments. The company operates in two main segments: Consumer and Flavor Solutions. McCormick serves a wide range of customers, including grocery stores, food manufacturers, and foodservice businesses. With a history dating back to 1889, the company employs around 14,100 people worldwide.

Bottom Line

Brendan Foley's recent stock purchase reflects his confidence in McCormick & Company's prospects. Investors often monitor insider buying as a potential indicator of a company's future performance. However, it's important to remember that these transactions are disclosed after they occur and may not necessarily predict future stock movements.