McCormick (MKC) CEO Brendan Foley Buys $2.5K of Stock

CEO Brendan Foley Adds to McCormick Shares

McCormick & Company, Incorporated (NYSE: MKC) saw insider buying when Chairman, President and CEO Brendan Foley purchased 53 shares on June 16, 2026. The stock was bought at an average price of $47.19 per share, for a total transaction value of $2,501.07. This purchase follows earlier insider activity at the spice and seasoning maker, including a separate acquisition by Foley of 48 shares on June 29, 2026, and a purchase of 11 shares on April 27, 2026.

Stock Trades Near 52-Week Lows

The company's shares trade at $46.49, hovering close to the lower end of their 52-week range of $44.82 to $72.41. The stock sits well below its 50-day moving average of $52.53 and its 200-day moving average of $56.29. With a P/E ratio of 8.13 and a forward P/E ratio of 14.83, the packaged foods company approaches its next financial reporting date on October 1, 2026.

Recent Insider Transactions at McCormick

Leadership buying has been active through the summer months. Chief Human Relations Officer Sarah Piper joined the CEO in purchasing stock, acquiring 54 shares at $47.19 on June 16, 2026, for $2,548.26. Piper later bought another 49 shares at $52.06 on June 29, 2026, valued at $2,550.94. CEO Brendan Foley also added 48 shares at $52.06 on June 29, 2026, for a total of $2,498.88.

Wall Street Analyst Ratings and Price Targets

Analyst updates leading up to October 2, 2026, reflect a mix of holds and maintained ratings. Barclays maintained an Equal-Weight rating with a $47 target on October 2, 2026, lowering it from $55. UBS kept a Neutral rating while moving its target from $52 to $48 on October 2, 2026. BNP Paribas maintained an Outperform rating, lowering its target from $75 to $65 on October 2, 2026. TD Cowen and Stifel both maintained hold ratings with $48 targets on October 2, 2026. JP Morgan kept an Overweight rating on September 18, 2026, with a $62 target, while TD Cowen downgraded the stock to a Hold on September 14, 2026, with a $55 target. Overall, the stock carries a consensus buy recommendation and a mean price target of $60.08 across 13 analyst opinions.

Inside the Spice and Flavor Business

McCormick & Company manufactures, markets, and distributes herbs, spices, seasoning mixes, and condiments globally. Operating through Consumer and Flavor Solutions segments, the Hunt Valley, Maryland-based firm sells household brands like French's, Frank's RedHot, Lawry's, and Old Bay alongside its namesake label. Founded in 1889, the company employs 14,100 people and serves retail, commercial, and food manufacturing customers worldwide.

What to Watch Next for MKC

Investors will look toward the company's upcoming earnings release scheduled for October 1, 2026, to gauge margin stability and revenue growth. Insider transactions provide a look at executive sentiment, though open-market purchases represent individual choices rather than broad financial guarantees. Market participants will continue tracking how the stock performs relative to its moving averages and analyst price targets as autumn unfolds.