McCormick & Company, Incorporated (NYSE:MKC) Reaches New 1-Year Low – Here’s What Happened

McCormick & Company, Incorporated (NYSE:MKC) reached a new 52-week low on Thursday. The stock traded as low as $44.69 and last traded at $44.95, with a volume of 2409790 shares trading hands. The stock had previously closed at $46.40.

More McCormick & Company, Incorporated News

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

• Positive Sentiment: McCormick reported third-quarter adjusted earnings of $0.86 per share, above the $0.75–$0.76 analyst consensus, while revenue of $2.02 billion also exceeded expectations of approximately $1.98 billion. McCormick Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Wider adjusted margins, cost savings and growth from the McCormick de Mexico acquisition supported the strong adjusted results. Revenue increased 17.4% year over year. McCormick quarterly profit beats as margins expand
• Positive Sentiment: Management reaffirmed fiscal 2026 adjusted EPS guidance of $3.05–$3.13, broadly in line with the $3.09 consensus estimate, signaling no immediate reduction to its earnings outlook. McCormick Reports Solid Third Quarter Performance
• Neutral Sentiment: McCormick appointed KPMG as its new auditor ahead of the planned Unilever Foods acquisition, adding a corporate-development factor for investors to monitor. McCormick Appoints KPMG as New Auditor
• Negative Sentiment: Reported net income fell to $97.6 million, or $0.36 per share, from $225.5 million, or $0.84 per share, a year earlier, largely reflecting special charges related to integration and cost actions. McCormick Posts Lower Profit on Higher Sales
• Negative Sentiment: Organic growth was only 1.9%, meaning much of the headline sales increase came from acquisitions. Investors may also be concerned that the lower revenue-guidance range of $7.7 billion–$8.0 billion leaves limited upside versus the $7.9 billion consensus. McCormick Q3 Review

Wall Street Analyst Weigh In

A number of research firms have commented on MKC. UBS Group boosted their target price on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Sanford C. Bernstein dropped their price target on McCormick & Company, Incorporated from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Friday, June 26th. Jefferies Financial Group cut their price target on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Barclays decreased their price objective on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, June 26th. Finally, Weiss Ratings raised shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $59.80.

McCormick & Company, Incorporated Trading Down 2.7%

The firm has a market cap of $12.14 billion, a price-to-earnings ratio of 7.52, a price-to-earnings-growth ratio of 1.95 and a beta of 0.64. The business has a 50 day moving average of $51.96 and a 200 day moving average of $50.88. The company has a quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48.

McCormick & Company, Incorporated (NYSE:MKC) last announced its earnings results on Thursday, October 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.10. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, research analysts forecast that McCormick & Company, Incorporated will post 3.08 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Tuesday, October 13th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, October 13th. McCormick & Company, Incorporated’s payout ratio is currently 31.95%.

Insider Activity

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the sale, the insider owned 296,992 shares in the company, valued at approximately $15,648,508.48. This trade represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 10.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Deseret Mutual Benefit Administrators boosted its holdings in shares of McCormick & Company, Incorporated by 67.8% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock worth $28,000 after purchasing an additional 164 shares during the last quarter. Parvin Asset Management LLC purchased a new position in McCormick & Company, Incorporated during the second quarter worth about $25,000. Union Savings Bank acquired a new stake in McCormick & Company, Incorporated in the 4th quarter worth about $36,000. Glen Eagle Advisors LLC boosted its stake in McCormick & Company, Incorporated by 42.5% in the 4th quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock worth $39,000 after buying an additional 170 shares during the last quarter. Finally, Byrne Asset Management LLC purchased a new stake in McCormick & Company, Incorporated in the 2nd quarter valued at about $30,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

McCormick & Company, Incorporated Company Profile

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.