McCormick & Company, Incorporated (NYSE:MKC) Releases Earnings Results, Beats Estimates By $0.10 EPS

McCormick & Company, Incorporated (NYSE:MKC) issued its quarterly earnings results on Thursday. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.10, Zacks reports. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. McCormick & Company, Incorporated updated its FY 2026 guidance to 3.050-3.130 EPS.

McCormick & Company, Incorporated Stock Down 4.3%

Shares of NYSE MKC opened at $46.33 on Thursday. The stock has a market capitalization of $12.46 billion, a PE ratio of 7.71, a P/E/G ratio of 1.95 and a beta of 0.64. The company has a quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average of $51.96 and a 200-day moving average of $50.88. McCormick & Company, Incorporated has a 52-week low of $44.82 and a 52-week high of $72.41.

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, October 13th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 31.95%.

Insiders Place Their Bets

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the completion of the sale, the insider owned 296,992 shares of the company’s stock, valued at approximately $15,648,508.48. The trade was a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings raised McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. Barclays cut their target price on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, June 26th. Sanford C. Bernstein lowered their target price on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating on the stock in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating for the company in a report on Monday, September 21st. Finally, UBS Group raised their price objective on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $59.80.

About McCormick & Company, Incorporated

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.