Published on 24 Apr 2024 on GuruFocus.com via Yahoo Finance
McCormick & Co Inc's Chief Growth Officer Sells Company Shares
McCormick & Co Inc (NYSE:MKC), a global leader in flavor, is known for manufacturing, marketing, and distributing spices, seasoning mixes, condiments, and other flavorful products to the entire food industry. The company operates in two segments, Consumer and Flavor Solutions, and offers its products under various brands including McCormick, French's, Frank's RedHot, Lawry's, Zatarain's, Simply Asia, and Thai Kitchen, among others.According to a recent SEC filing, Katherine Jenkins, the Chief Growth Officer of McCormick & Co Inc, sold 1,726 shares of the company on April 22, 2024. The transaction was executed at an average price of $74.35, resulting in a total value of $128,303.10.Over the past year, the insider has sold a total of 1,726 shares and has not made any purchases of the company's stock. The recent sale by Katherine Jenkins follows a pattern observed within the company's insider transaction history. In the past year, there have been no insider buys but a total of 11 insider sells for McCormick & Co Inc.
The stock's market cap stands at $20.141 billion, reflecting its position as a significant player in the industry. McCormick & Co Inc's price-earnings ratio is currently 28.63, which is above the industry median of 18.34 and also exceeds the company's historical median price-earnings ratio.