Director Gavin Hattersley reported a purchase of 2,000 shares of McCormick & Co Inc non-voting common stock (NYSE: MKC) on April 10, 2026. The shares were acquired at $52.98 apiece, producing a total reported outlay of $105,960.
Following this transaction, Hattersley holds 406 shares of McCormick voting common stock and 2,906 shares of the companys non-voting common stock in total. The filing records the director's direct ownership and updates his stake composition across the two share classes.
McCormick has recently disclosed a set of corporate and financial developments that create a complex backdrop to the insider purchase. For the first quarter of 2026 the company reported earnings per share of $0.66, above the consensus forecast of $0.61, and revenue of $1.87 billion, topping the expected $1.79 billion. These results were announced contemporaneously with a plan to merge with Unilever Foods, a development that the company has confirmed publicly.
Investor reaction to the merger announcement has included concern, according to company reporting. Separately, McCormicks Board of Directors declared a quarterly dividend of $0.48 per share, with a payable date set for April 27, 2026, to holders of record as of April 20, 2026.
On the analyst front, BofA Securities adjusted its valuation view of McCormicks shares by lowering its price target to $65 from $80. The firm retained a Buy rating, citing the complexity of the transaction as a factor in its decision to revise the target.
The combination of a director purchase, better-than-expected quarterly results, a declared dividend and a high-profile merger announcement has produced a dynamic set of developments for McCormick & Company. The reported insider buy and the changes in analyst guidance both sit within that evolving corporate picture.
Clear summary
Director Gavin Hattersley bought 2,000 non-voting McCormick shares on April 10, 2026, at $52.98 per share for $105,960. The company reported Q1 EPS of $0.66 on $1.87 billion in revenue, announced a merger with Unilever Foods, declared a $0.48 quarterly dividend payable April 27, 2026 to shareholders of record April 20, 2026, and saw BofA lower its price target to $65 from $80 while keeping a Buy rating.