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

McCormick & Company, Incorporated (NYSE:MKC) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.050-3.13 for the period, compared to the consensus estimate of 3.090. The company issued revenue guidance of $7.7 billion-$8.0 billion, compared to the consensus revenue estimate of $7.8 billion.

McCormick & Company, Incorporated Price Performance

Shares of MKC stock traded up $0.69 during trading hours on Thursday, hitting $51.20. The company’s stock had a trading volume of 1,916,611 shares, compared to its average volume of 4,296,719. McCormick & Company, Incorporated has a twelve month low of $47.52 and a twelve month high of $78.16. The business has a fifty day moving average of $61.48 and a 200-day moving average of $64.57. The stock has a market cap of $13.74 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 2.40 and a beta of 0.71. The company has a current ratio of 0.76, a quick ratio of 0.28 and a debt-to-equity ratio of 0.48.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Tuesday, March 31st. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. McCormick & Company, Incorporated had a net margin of 23.12% and a return on equity of 13.29%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter last year, the business earned $0.60 earnings per share. McCormick & Company, Incorporated’s revenue was up 16.7% compared to the same quarter last year. As a group, equities research analysts anticipate that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Monday, April 20th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, April 20th. McCormick & Company, Incorporated’s dividend payout ratio (DPR) is 31.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MKC shares. TD Cowen decreased their price target on shares of McCormick & Company, Incorporated from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Stifel Nicolaus cut their target price on shares of McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating on the stock in a research note on Wednesday, April 1st. UBS Group cut their target price on shares of McCormick & Company, Incorporated from $67.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, March 20th. Zacks Research raised shares of McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, Jefferies Financial Group cut their target price on shares of McCormick & Company, Incorporated from $81.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, McCormick & Company, Incorporated currently has an average rating of “Hold” and an average price target of $64.27.

Insider Buying and Selling

In related news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of McCormick & Company, Incorporated stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $71.63, for a total transaction of $3,581,500.00. Following the sale, the insider owned 296,992 shares of the company’s stock, valued at $21,273,536.96. The trade was a 14.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael D. Mangan sold 5,000 shares of McCormick & Company, Incorporated stock in a transaction on Monday, February 9th. The stock was sold at an average price of $67.92, for a total transaction of $339,600.00. Following the sale, the director directly owned 43,029 shares in the company, valued at $2,922,529.68. This trade represents a 10.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 115,000 shares of company stock valued at $7,947,300 in the last quarter. Company insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Several hedge funds and other institutional investors have recently modified their holdings of MKC. Aristotle Capital Management LLC bought a new stake in shares of McCormick & Company, Incorporated in the 4th quarter worth about $259,918,000. Invesco Ltd. grew its position in shares of McCormick & Company, Incorporated by 66.7% during the 3rd quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock valued at $417,006,000 after buying an additional 2,494,544 shares during the last quarter. Wellington Management Group LLP grew its position in shares of McCormick & Company, Incorporated by 67.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock valued at $187,183,000 after buying an additional 1,124,003 shares during the last quarter. State Street Corp grew its position in shares of McCormick & Company, Incorporated by 5.1% during the 3rd quarter. State Street Corp now owns 15,522,816 shares of the company’s stock valued at $1,038,632,000 after buying an additional 747,844 shares during the last quarter. Finally, Scopus Asset Management L.P. grew its position in shares of McCormick & Company, Incorporated by 191.0% during the 3rd quarter. Scopus Asset Management L.P. now owns 885,250 shares of the company’s stock valued at $59,232,000 after buying an additional 581,017 shares during the last quarter. Institutional investors own 79.74% of the company’s stock.

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.