McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) updated its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 3.050-3.130 for the period, compared to the consensus earnings per share 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.
Analyst Upgrades and Downgrades
MKC has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Monday, September 21st. UBS Group lifted their price objective on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. TD Cowen cut McCormick & Company, Incorporated from a “buy” rating to a “hold” rating and lowered their target price for the company from $60.00 to $55.00 in a report on Monday, September 14th. Weiss Ratings raised McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. cut their price target on McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Friday, September 18th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, McCormick & Company, Incorporated has a consensus rating of “Hold” and an average target price of $59.80.
Get Our Latest Analysis on MKC
McCormick & Company, Incorporated Trading Down 4.3%
McCormick & Company, Incorporated Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, October 13th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is presently 31.95%.
Insider Buying and Selling
In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $52.69, for a total value of $10,829,797.22. Following the completion of the sale, the insider owned 296,992 shares in the company, valued at $15,648,508.48. The trade was a 40.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.60% of the stock is owned by company insiders.
McCormick & Company, Incorporated Company Profile
McCormick & Company, Incorporated is a global producer and marketer of spices, herbs, seasonings, condiments, sauces and other flavor products. The company sells branded products to consumers through grocery stores, e-commerce channels and other retail outlets, while also supplying customized flavor solutions, ingredients and seasonings to food manufacturers, restaurants and foodservice operators.
Its portfolio includes the McCormick, French’s, Frank’s RedHot, Lawry’s, OLD BAY, Zatarain’s, Grill Mates and Cholula brands, among others.
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