Director Patricia Little has executed a sale of 20,000 shares of McCormick & Co Inc (MKC, Financial) on April 1, 2024, according to a recent SEC filing. The transaction was carried out at an average price of $75.57 per share, resulting in a total value of $1,511,400.
McCormick & Co Inc is a global leader in flavor, with the company manufacturing, marketing, and distributing spices, seasoning mixes, condiments, and other flavorful products to the entire food industry—retail outlets, food manufacturers, and foodservice businesses.
Over the past year, the insider has sold a total of 20,000 shares of McCormick & Co Inc and has not made any purchases of the stock. The insider transaction history for the company shows a pattern of 0 insider buys and 10 insider sells over the past year.
On the valuation front, McCormick & Co Inc's shares were trading at $75.57 on the day of the insider's recent sale, giving the company a market capitalization of $20.967 billion. The price-earnings ratio stands at 29.80, which is above the industry median of 18.22 and also exceeds the company's historical median price-earnings ratio.
Considering the current share price and the GuruFocus Value of $89.77, McCormick & Co Inc has a price-to-GF-Value ratio of 0.84, indicating that the stock is modestly undervalued based on its GF Value. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
For more detailed information and analysis on insider trades and the company's valuation, investors and analysts are encouraged to visit the links provided in the SEC filing and the GuruFocus website.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
