McCormick & Company Incorporated (MKC) : Traders are negative on McCormick & Company Incorporated (MKC), as it has 4.5% of short positions outstanding compared to its float. The total shorts have reduced by -147,284 shares, which is a -2.8% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,5,329,572 to 5,182,288 shares. While the daily trading volume of the stock is 438,348, there are 12 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
McCormick & Company Incorporated (NYSE:MKC): The stock opened at $102.21 on Wednesday but the bulls could not build on the opening and the stock topped out at $102.56 for the day. The stock traded down to $101.20 during the day, due to lack of any buying support eventually closed down at $101.64 with a loss of -0.75% for the day. The stock had closed at $102.41 on the previous day. The total traded volume was 395,439 shares.
In a related news, The Securities and Exchange Commission has divulged that Stetz Gordon Mckenzie Jr, director officer (Executive Vice President & CFO) of Mccormick & Co Inc, had unloaded 38,900 shares at an average price of $105.17 in a transaction dated on July 13, 2016. The total value of the transaction was worth $4,091,113.
McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the food industry. The Company has two business segments: consumer and industrial. Under the Consumer segment, its brands in the Americas include McCormick, Lawrys and Club House. It also markets ethnic brands, such as Zatarains, Thai Kitchen and Simply Asia. In Europe, the Middle East and Africa (EMEA), its brands include the Ducros, Schwartz and Kamis brands of spices, herbs and seasonings, and a line of Vahine brand dessert items. In the Asia/Pacific region, it markets products under the McCormick and DaQiao brands. In Australia, it markets products under the McCormick brand. In India, its majority-owned joint venture owns and trades under the Kohinoor brand. In the industrial business segment, it offers seasoning blends, spices and herbs, condiments, coating systems and compound flavors to food manufacturers and foodservice customers.