McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.050-3.130 for the period, compared to the consensus EPS estimate of 3.090. The company issued revenue guidance of $7.7 billion-$8.0 billion, compared to the consensus revenue estimate of $7.9 billion.
McCormick & Company, Incorporated Stock Up 3.1%
Shares of NYSE MKC opened at $49.08 on Thursday. The firm has a market cap of $13.19 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 2.34 and a beta of 0.65. The company’s 50-day simple moving average is $48.55 and its 200-day simple moving average is $58.13. The company has a quick ratio of 0.36, a current ratio of 0.76 and a debt-to-equity ratio of 0.48. McCormick & Company, Incorporated has a 52-week low of $44.82 and a 52-week high of $78.16.
McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. McCormick & Company, Incorporated had a net margin of 23.12% and a return on equity of 13.29%. During the same period last year, the firm posted $0.69 EPS. McCormick & Company, Incorporated’s quarterly revenue was up 16.7% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities analysts predict that McCormick & Company, Incorporated will post 3.09 EPS for the current fiscal year.
McCormick & Company, Incorporated Dividend Announcement
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on MKC shares. Jefferies Financial Group lowered their price target on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. BNP Paribas Exane reduced their price objective on McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. HSBC decreased their price objective on McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. BTIG Research started coverage on shares of McCormick & Company, Incorporated in a research note on Tuesday, April 14th. They set a “neutral” rating on the stock. Finally, Zacks Research raised shares of McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and a consensus target price of $61.90.
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Insider Transactions at McCormick & Company, Incorporated
In related news, Director Gavin Hattersley bought 2,000 shares of the business’s stock in a transaction on Friday, April 10th. The stock was bought at an average price of $52.98 per share, for a total transaction of $105,960.00. Following the transaction, the director directly owned 2,906 shares in the company, valued at $153,959.88. This represents a 220.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 10.60% of the stock is currently owned by insiders.
Key Headlines Impacting McCormick & Company, Incorporated
Here are the key news stories impacting McCormick & Company, Incorporated this week:
- Positive Sentiment: McCormick beat quarterly earnings estimates, reporting $0.80 EPS versus consensus of $0.69, while revenue rose 16.7% year over year. Article Title
- Positive Sentiment: The company also topped sales and profit estimates, helped by strong demand for spices and seasonings as more consumers cook at home amid economic uncertainty. Article Title
- Positive Sentiment: McCormick said it is continuing to benefit from higher sales during its integration work with Unilever’s food business, and it reaffirmed its 2026 outlook, which can reassure investors about near-term execution. Article Title
- Neutral Sentiment: The company declared a quarterly dividend of $0.48 per share, reinforcing its income profile, though this is not likely the main driver of the stock’s move today. Article Title
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in McCormick & Company, Incorporated by 44.2% in the 4th quarter. Pacer Advisors Inc. now owns 32,910 shares of the company’s stock worth $2,242,000 after purchasing an additional 10,088 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of McCormick & Company, Incorporated by 78.5% in the 4th quarter. Sunbelt Securities Inc. now owns 1,021 shares of the company’s stock valued at $70,000 after buying an additional 449 shares in the last quarter. Invesco Ltd. increased its holdings in McCormick & Company, Incorporated by 3.1% in the fourth quarter. Invesco Ltd. now owns 6,422,944 shares of the company’s stock worth $437,467,000 after buying an additional 190,607 shares during the last quarter. Alberta Investment Management Corp lifted its stake in McCormick & Company, Incorporated by 3.7% in the fourth quarter. Alberta Investment Management Corp now owns 72,800 shares of the company’s stock valued at $4,958,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Strive Financial Group LLC acquired a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth $1,742,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.
About McCormick & Company, Incorporated
McCormick & Company, Incorporated (NYSE: MKC) is a global leader in spices, seasonings and flavor solutions. Headquartered in Hunt Valley, Maryland, the company traces its origins to the late 19th century and has grown into a major manufacturer and marketer of branded and private‑label flavor products for consumer, industrial and foodservice markets.
McCormick’s product portfolio includes pure spices and herbs, blended seasonings, marinades, rubs, sauces, extracts and specialty flavorings, along with ingredient systems and custom flavor development for manufacturers and foodservice operators.
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