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

McCormick & Company, Incorporated (NYSE:MKC) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 3.050-3.13 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 $7.8 billion.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Barclays lowered their price objective on shares of McCormick & Company, Incorporated from $67.00 to $58.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Zacks Research raised shares of McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research note on Tuesday. TD Cowen reduced their price target on shares of McCormick & Company, Incorporated from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. 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 research note on Wednesday, April 1st. Finally, Jefferies Financial Group dropped their price objective 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 research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, McCormick & Company, Incorporated currently has a consensus rating of “Hold” and a consensus price target of $64.27.

McCormick & Company, Incorporated Stock Up 1.4%

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

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.05. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.79 billion. McCormick & Company, Incorporated had a return on equity of 13.29% and a net margin of 23.12%.The firm’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. On average, research analysts forecast that McCormick & Company, Incorporated will post 3.07 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

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

Insider Activity at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Erik Kurzius sold 50,000 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $67.43, for a total value of $3,371,500.00. Following the transaction, the insider directly owned 246,762 shares in the company, valued at approximately $16,639,161.66. This trade represents a 16.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jacques Tapiero sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $67.09, for a total transaction of $335,450.00. Following the completion of the transaction, the director owned 31,596 shares in the company, valued at $2,119,775.64. The trade was a 13.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 115,000 shares of company stock worth $7,947,300. 10.60% of the stock is owned by insiders.

Hedge Funds Weigh In On McCormick & Company, Incorporated

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. lifted its holdings in shares of McCormick & Company, Incorporated by 44.2% during the 4th quarter. Pacer Advisors Inc. now owns 32,910 shares of the company’s stock worth $2,242,000 after acquiring an additional 10,088 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of 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 acquiring an additional 449 shares during the period. Invesco Ltd. lifted its holdings in shares of McCormick & Company, Incorporated by 3.1% during the 4th quarter. Invesco Ltd. now owns 6,422,944 shares of the company’s stock worth $437,467,000 after acquiring an additional 190,607 shares during the period. Alberta Investment Management Corp lifted its holdings in shares of McCormick & Company, Incorporated by 3.7% during the 4th quarter. Alberta Investment Management Corp now owns 72,800 shares of the company’s stock worth $4,958,000 after acquiring an additional 2,600 shares during the period. Finally, Strive Financial Group LLC bought a new position in shares of McCormick & Company, Incorporated during the 4th quarter worth about $1,742,000. 79.74% of the stock is owned by institutional investors.

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.