McCormick & Company, Incorporated (NYSE:MKC) Issues Quarterly Earnings Results

McCormick & Company, Incorporated (NYSE:MKC) issued its quarterly earnings results on Thursday. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.11, Briefing.com reports. McCormick & Company, Incorporated had a return on equity of 13.29% and a net margin of 23.12%.During the same period in the prior year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. McCormick & Company, Incorporated updated its FY 2026 guidance to 3.050-3.130 EPS.

Here are the key takeaways from McCormick & Company, Incorporated’s conference call:

• Q2 results were strong, with constant-currency sales up 14%, adjusted EPS up 16% to $0.80, and underlying gross margin expansion of 130 basis points even excluding the tariff refund.
• Flavor Solutions was the standout segment, delivering 3% organic sales growth driven by broad-based demand across large CPGs, private label, innovators, and branded food service.
• U.S. Consumer volume remained pressured by wider price gaps, increased price sensitivity, and softer category consumption, especially in spices and seasonings and recipe mixes.
• Management expects improvement in the back half, with sequential Consumer volume improvement in Q3 and volume growth in Q4 supported by distribution gains, targeted marketing, innovation, and refined revenue growth management.
• Unilever Foods integration planning is advancing, and the company reiterated confidence in its deal targets, including mid- to high-single-digit EPS accretion in year one and mid- to high-teens accretion by year three.

McCormick & Company, Incorporated Stock Up 0.2%

Shares of MKC stock opened at $47.46 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. McCormick & Company, Incorporated has a twelve month low of $44.82 and a twelve month high of $78.16. The stock has a 50 day moving average of $48.55 and a 200 day moving average of $58.13. The stock has a market cap of $12.75 billion, a P/E ratio of 7.78, a P/E/G ratio of 2.34 and a beta of 0.65.

McCormick & Company, Incorporated Dividend Announcement

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

Trending Headlines about 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

Insider Buying and Selling

In related news, Director Gavin Hattersley purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was bought at an average price of $52.98 per share, with a total value of $105,960.00. Following the acquisition, the director owned 2,906 shares in the company, valued at $153,959.88. The trade was a 220.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Institutional investors have recently bought and sold shares of the company. Motiv8 Investments LLC acquired a new position in shares of McCormick & Company, Incorporated during the fourth quarter valued at approximately $28,000. Zions Bancorporation National Association UT increased its position in shares of McCormick & Company, Incorporated by 340.0% during the fourth quarter. Zions Bancorporation National Association UT now owns 462 shares of the company’s stock worth $31,000 after purchasing an additional 357 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in McCormick & Company, Incorporated in the 2nd quarter valued at $56,000. Headlands Technologies LLC acquired a new stake in McCormick & Company, Incorporated during the 2nd quarter worth $64,000. Finally, Sunbelt Securities Inc. boosted its stake in McCormick & Company, Incorporated by 78.5% during the 4th quarter. Sunbelt Securities Inc. now owns 1,021 shares of the company’s stock worth $70,000 after purchasing an additional 449 shares during the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MKC has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of McCormick & Company, Incorporated from $70.00 to $59.00 and set a “buy” rating for the company in a research note on Monday, March 30th. BTIG Research assumed coverage on shares of McCormick & Company, Incorporated in a research note on Tuesday, April 14th. They set a “neutral” rating for the company. BNP Paribas Exane dropped their price objective on shares of McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Sanford C. Bernstein cut their target price on McCormick & Company, Incorporated from $85.00 to $77.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Finally, HSBC reduced their target price on McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, McCormick & Company, Incorporated currently has an average rating of “Hold” and a consensus price target of $61.90.

McCormick & Company, Incorporated Company Profile

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.