McCormick & Co (MKC) director sells $339,600 in stock
#McCormick & Co #MKC #Stock Sale #SEC Filing #Anne M. Marriott #Insider Transaction #Consumer Staples
📌 Key Takeaways
- McCormick & Co. Director Anne M. Marriott sold 4,500 shares of common stock.
- The transaction yielded a total of $339,615 at an average share price of $75.47.
- Marriott continues to hold over 14,000 shares in the company following the sale.
- The sale was documented in an official SEC Form 4 filing released to the public.
📖 Full Retelling
Anne M. Marriott, a director at the global spice and flavorings manufacturer McCormick & Co. (MKC), sold 4,500 shares of the company's common stock on May 22, 2024, at an average price of $75.47 according to a filing with the Securities and Exchange Commission (SEC). The transaction, which took place in the open market, resulted in total proceeds of approximately $339,615 and represents a routine adjustment of the executive's investment portfolio in the Maryland-based corporation.
Following this disposal, the SEC filing indicates that Marriott still maintains a significant stake in the company, retaining ownership of approximately 14,357 shares of McCormick’s common stock. Such insider sales are closely monitored by investors and market analysts as they can occasionally signal an executive's internal perspective on the company’s valuation, though they are frequently executed for personal financial planning or diversification purposes.
The sale occurred during a period where McCormick & Co. continues to navigate a complex inflationary environment, balancing rising commodity costs with its position as a market leader in the food industry. The company, headquartered in Hunt Valley, Maryland, has recently focused on optimization strategies and pricing adjustments to maintain margins across its diverse portfolio of spices, seasoning mixes, and condiments sold to both retail and industrial sectors.
Financial analysts typically view these Form 4 filings as a standard component of corporate governance rather than a definitive indicator of future stock performance. As of the time of the sale, McCormick's stock has shown resilience amid broader market volatility, and this specific transaction does not appear to deviate from established patterns of executive compensation management within the consumer staples sector.
🏷️ Themes
Corporate Finance, Insider Trading, Stock Market
📚 Related People & Topics
Global Industry Classification Standard
Industry taxonomy
The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries into which S&P has categoriz...
SEC filing
Type of financial statements in the United States
# SEC Filing An **SEC filing** is a formal financial statement or regulatory document submitted to the **U.S. Securities and Exchange Commission (SEC)**. These filings are mandatory requirements designed to ensure transparency, providing a standardized method for disclosing material information to ...
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Connections for Global Industry Classification Standard:
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📄 Original Source Content
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry As Claude disrupts stock market, Anthropic researcher warns ’world is in peril’ Gold, silver prices rise amid U.S.-Iran tensions, blowout January payrolls data Dow halts three-day win streak as blowout jobs data curbs rate cut bets Citi pushes back Fed rate cuts to May after blowout January jobs report (South Africa Philippines Nigeria) McCormick & Co director sells $339,600 in stock Insider Trading Published 02/10/2026, 02:19 PM McCormick & Co director sells $339,600 in stock 0 MKC 2.28% Director Michael D. Mangan of Mccormick & Co NASDAQ:MKC , sold 5,000 shares of common stock on February 9, 2026, at a price of $67.92, for a total of $339,600. On the same day, Mangan exercised options to acquire 5,000 shares at $49.96, then sold those shares for $339,600. The filing with the Securities and Exchange Commission also indicates that Mangan acquired 5,000 shares of Mccormick & Co through option exercise. In other recent news, McCormick & Company reported its fourth-quarter 2025 earnings, revealing an earnings per share of $0.86. This figure fell short of both Stifel’s estimate by $0.01 and consensus expectations by $0.02. Despite this earnings miss, the company exceeded revenue forecasts, posting $1.85 billion compared to the anticipated $1.84 billion. Analysts have responded to these developments with adjustments to McCormick’s stock price targets. Stifel lowered its price target to $65 while maintaining a Hold rating, citing higher-than-expected costs as a contributing factor. Similarly, TD Cowen reduced its price target to $75 from $82, maintaining a Buy rating, and noted that McCormick’s fiscal year 2026 guidance was below Street expectations. These adjustments reflect concerns over the company’s cost structure and future guidance. Investors remain attentive to how McCormick navigates these challenges in the current market environment. This article was generated with the support of AI and reviewed by an edit...