McCormick & Company, Incorporated (NYSE:MKC) Stock Jumps 1.2% – Here’s What Happened

Posted by Geri Gentry on Nov 1st, 2026

Shares of McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) were up 1.2% during trading on Friday. The stock traded as high as $47.97 and last traded at $47.34. 4,298,719 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 3,986,740 shares. The stock had previously closed at $46.80.

Wall Street Analysts Forecast Growth

MKC has been the topic of a number of recent research reports. Stifel Nicolaus lowered their price target on shares of McCormick & Company, Incorporated from $55.00 to $48.00 and set a “hold” rating on the stock in a research report on Friday, October 2nd. Sanford C. Bernstein reissued an “outperform” rating and issued a $59.00 price objective on shares of McCormick & Company, Incorporated in a report on Friday, October 2nd. BNP Paribas Exane decreased their target price on shares of McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft lowered their target price 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. Finally, UBS Group lowered their target price on shares of McCormick & Company, Incorporated from $52.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $55.30.

View Our Latest Stock Analysis on MKC

McCormick & Company, Incorporated Stock Performance

The company has a market cap of $12.74 billion, a price-to-earnings ratio of 8.56, a P/E/G ratio of 2.00 and a beta of 0.65. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.33 and a current ratio of 0.66. The company has a fifty day moving average of $49.08 and a two-hundred day moving average of $53.54.

McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last issued its earnings results on Thursday, October 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. McCormick & Company, Incorporated had a return on equity of 12.01% and a net margin of 19.39%. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities research analysts anticipate that McCormick & Company, Incorporated will post 3.09 EPS for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Tuesday, October 13th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, October 13th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 34.72%.

Insider Buying and Selling

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the sale, the insider directly owned 296,992 shares in the company, valued at $15,648,508.48. This trade represents a 40.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On McCormick & Company, Incorporated

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CFS Investment Advisory Services LLC lifted its holdings in shares of McCormick & Company, Incorporated by 2.8% during the third quarter. CFS Investment Advisory Services LLC now owns 8,130 shares of the company’s stock worth $369,000 after purchasing an additional 224 shares during the period. Dorato Capital Management increased its holdings in McCormick & Company, Incorporated by 5.4% in the third quarter. Dorato Capital Management now owns 4,588 shares of the company’s stock valued at $208,000 after purchasing an additional 235 shares during the period. CoreCap Advisors LLC increased its holdings in McCormick & Company, Incorporated by 16.4% in the third quarter. CoreCap Advisors LLC now owns 1,738 shares of the company’s stock valued at $81,000 after purchasing an additional 245 shares during the period. North Dakota State Investment Board increased its holdings in McCormick & Company, Incorporated by 3.5% in the third quarter. North Dakota State Investment Board now owns 7,796 shares of the company’s stock valued at $362,000 after purchasing an additional 266 shares during the period. Finally, QRG Capital Management Inc. raised its position in McCormick & Company, Incorporated by 3.6% during the 2nd quarter. QRG Capital Management Inc. now owns 8,302 shares of the company’s stock worth $419,000 after purchasing an additional 292 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

About McCormick & Company, Incorporated

(Get Free Report)

McCormick & Company, Incorporated is a global manufacturer and marketer of spices, seasonings, condiments, sauces, and other flavor products. The company serves consumers through grocery, e-commerce, and foodservice channels, while also supplying flavor solutions to food manufacturers and other commercial customers.

Its consumer portfolio includes McCormick spices and seasonings, as well as brands such as French’s, Frank’s RedHot, Lawry’s, OLD BAY, and Gourmet Garden. Its products are used in home cooking, restaurants, and packaged foods across a range of cuisines and meal occasions.

Founded by Willoughby M.