McCormick & Company, Incorporated (NYSE:MKC) Issues FY 2026 Earnings Guidance

McCormick & Company, Incorporated (NYSE:MKC) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share 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.

Analyst Ratings Changes

Several research firms have recently commented on MKC. Barclays lowered their target price on McCormick & Company, Incorporated from $67.00 to $58.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. TD Cowen reduced their target price on shares of McCormick & Company, Incorporated from $75.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. Zacks Research raised shares of McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. UBS Group cut their price objective on shares of McCormick & Company, Incorporated from $53.00 to $51.00 and set a “neutral” rating on the stock in a report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, June 12th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, McCormick & Company, Incorporated has an average rating of “Hold” and a consensus target price of $61.90.

McCormick & Company, Incorporated Price Performance

Shares of MKC stock opened at $48.14 on Friday. McCormick & Company, Incorporated has a 12-month low of $44.82 and a 12-month high of $78.16. The firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65. The company has a quick ratio of 0.36, a current ratio of 0.76 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average of $48.43 and a 200-day moving average of $58.02.

McCormick & Company, Incorporated (NYSE:MKC) last posted its earnings results on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.11. McCormick & Company, Incorporated had a return on equity of 13.29% and a net margin of 23.12%.The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter 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. On average, equities research analysts forecast that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, July 6th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio is currently 31.48%.

Insider Buying and Selling at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, Director Gavin Hattersley bought 2,000 shares of McCormick & Company, Incorporated stock in a transaction that occurred on Friday, April 10th. The stock was acquired at an average price of $52.98 per share, for a total transaction of $105,960.00. Following the completion of the acquisition, the director owned 2,906 shares of the company’s stock, valued at $153,959.88. This trade represents a 220.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.60% of the stock is owned by corporate insiders.

More McCormick & Company, Incorporated News

Here are the key news stories impacting McCormick & Company, Incorporated this week:

• Positive Sentiment: McCormick posted Q2 adjusted EPS of $0.80 versus estimates around $0.69-$0.70 and revenue of $1.94 billion versus expectations near $1.91 billion, signaling solid quarterly execution. Reuters article
• Positive Sentiment: Management reaffirmed FY 2026 guidance, which suggests the company sees the current performance as sustainable rather than a one-quarter boost. PR Newswire release
• Positive Sentiment: Gross margin expansion and pricing/mix benefits were a key takeaway from the earnings call, showing that McCormick is managing inflation and costs well even as input pressure remains. MSN article
• Neutral Sentiment: Analysts noted that organic growth was still modest, with much of the sales gain coming from acquisitions, foreign exchange, pricing and mix rather than broad-based volume growth. Seeking Alpha review
• Negative Sentiment: Despite the beat, some commentary remains cautious on MKC’s longer-term growth outlook, since organic sales momentum is still relatively soft. Seeking Alpha review

Hedge Funds Weigh In On McCormick & Company, Incorporated

Institutional investors have recently bought and sold shares of the business. State Street Corp lifted its position in McCormick & Company, Incorporated by 5.1% during the third quarter. State Street Corp now owns 15,522,816 shares of the company’s stock worth $1,038,632,000 after acquiring an additional 747,844 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of McCormick & Company, Incorporated by 3.1% during 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 in the last quarter. Aristotle Capital Management LLC bought a new stake in shares of McCormick & Company, Incorporated in the fourth quarter valued at about $259,918,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of McCormick & Company, Incorporated by 2.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,151,945 shares of the company’s stock valued at $214,679,000 after acquiring an additional 62,977 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of McCormick & Company, Incorporated by 3.2% in the fourth quarter. Wellington Management Group LLP now owns 2,887,111 shares of the company’s stock valued at $196,641,000 after acquiring an additional 89,578 shares in the last quarter. Institutional investors and hedge funds 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.