McCormick & Co., Inc’s recent filing unveils that its Director PRESTON MARGARET M V unloaded Company’s shares for reported $2.16 million on Feb 13 ’25. In the deal valued at $77.03 per share,28,092 shares were sold. As a result of this transaction, PRESTON MARGARET M V now holds 6,177 shares worth roughly $0.51 million.
Then, Kurzius Lawrence Erik sold 50,000 shares, generating $3,840,320 in total proceeds. Upon selling the shares at $76.81, the Director now owns 276,895 shares.
Before that, Tapiero Jacques sold 5,000 shares. McCormick & Co., Inc shares valued at $386,702 were divested by the Director at a price of $77.34 per share. As a result of the transaction, Tapiero Jacques now holds 28,217 shares, worth roughly $2.35 million.
TD Cowen upgraded its McCormick & Co., Inc [MKC] rating to a Buy from a a Hold in a research note published on January 08, 2025; the price target was increased to $90 from $86. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early December from “a Hold” to “a Buy”. Citigroup also remained covering MKC and has increased its forecast on June 12, 2024 with a “Neutral” recommendation from previously “Sell” rating. Argus revised its rating on April 02, 2024. It rated MKC as “a Buy” which previously was an “a Hold”.
Price Performance Review of MKC
On Tuesday, McCormick & Co., Inc [NYSE:MKC] saw its stock fall -1.20% to $83.18. Over the last five days, the stock has gained 1.00%. McCormick & Co., Inc shares have risen nearly 9.10% since the year began. Nevertheless, the stocks have risen 21.63% over the past one year. While a 52-week high of $86.24 was reached on 03/10/25, a 52-week low of $66.88 was recorded on 01/13/25. SMA at 50 days reached $77.48, while 200 days put it at $76.99.
Levels Of Support And Resistance For MKC Stock
The 24-hour chart illustrates a support level at 82.12, which if violated will result in even more drops to 81.06. On the upside, there is a resistance level at 84.31. A further resistance level may holdings at 85.43. The Relative Strength Index (RSI) on the 14-day chart is 59.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.99%. Stochastics %K at 70.24% indicates the stock is a holding.
The most recent change occurred on February 01, 2024 when Citigroup began covering the stock and recommended ‘”a Sell”‘ rating along with a $60 price target.
