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. The company provided earnings per share guidance of 3.050-3.130 for the period, compared to the consensus earnings per share estimate of 3.090. The company issued revenue guidance of $7.7 billion-$8.0 billion, compared to the consensus revenue estimate of $7.9 billion.

Analyst Upgrades and Downgrades

MKC has been the subject of a number of recent analyst reports. Weiss Ratings cut McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, June 12th. BTIG Research initiated coverage on McCormick & Company, Incorporated in a research report on Tuesday, April 14th. They set a “neutral” rating for the company. Stifel Nicolaus cut their price target on shares of McCormick & Company, Incorporated from $65.00 to $55.00 and set a “hold” rating on the stock in a report on Wednesday, April 1st. TD Cowen reduced their price target on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Barclays decreased their price objective on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $60.50.

McCormick & Company, Incorporated Stock Performance

Shares of MKC stock opened at $51.00 on Friday. McCormick & Company, Incorporated has a 12-month low of $44.82 and a 12-month high of $78.03. The business’s fifty day simple moving average is $48.39 and its 200-day simple moving average is $57.97. The company has a current ratio of 0.78, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. The company has a market cap of $13.71 billion, a PE ratio of 8.49, a PEG ratio of 2.39 and a beta of 0.65.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.11. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter last year, the company posted $0.69 earnings per share. The business’s quarterly revenue was up 16.7% on a year-over-year basis. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Analysts expect that McCormick & Company, Incorporated will post 3.09 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, July 20th. Stockholders of record on Monday, July 6th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.8%. McCormick & Company, Incorporated’s dividend payout ratio is currently 31.48%.

Insider Activity at McCormick & Company, Incorporated

In other news, Director Gavin Hattersley bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The shares were purchased at an average price of $52.98 per share, for a total transaction of $105,960.00. Following the completion of the transaction, the director directly owned 2,906 shares in the company, valued at approximately $153,959.88. This represents a 220.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 10.60% of the stock is owned by company insiders.

More McCormick & Company, Incorporated News

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

• Positive Sentiment: McCormick beat Q2 estimates with adjusted EPS of $0.80 versus $0.69 expected and revenue of $1.94 billion versus $1.91 billion expected, while revenue rose 16.7% year over year. The company also reaffirmed its 2026 outlook, easing concern about a near-term slowdown. Article Title
• Positive Sentiment: Management highlighted margin strength, with gross margin expansion and cost savings helping offset softer U.S. consumer spice trends, and said Flavor Solutions remained a bright spot. Article Title
• Positive Sentiment: Several analysts nudged targets higher or kept constructive ratings after the report, including UBS raising its target to $52, Deutsche Bank to $60 with a buy rating, TD Cowen trimming its target to $60 but maintaining buy, and Sanford C. Bernstein lowering its target to $68 while keeping outperform. These updates suggest Wall Street sees upside, even if expectations have been recalibrated. Article Title
• Neutral Sentiment: Barclays cut its target to $55 and kept an equal-weight rating, indicating a more cautious stance that may limit enthusiasm. Article Title

Institutional Trading of McCormick & Company, Incorporated

Large investors have recently made changes to their positions in the business. State Street Corp raised its holdings in shares of McCormick & Company, Incorporated by 5.1% during the third quarter. State Street Corp now owns 15,522,816 shares of the company’s stock worth $1,038,632,000 after purchasing an additional 747,844 shares during the last quarter. Invesco Ltd. boosted its holdings in McCormick & Company, Incorporated by 3.1% in the fourth quarter. Invesco Ltd. now owns 6,422,944 shares of the company’s stock valued at $437,467,000 after purchasing an additional 190,607 shares during the last quarter. Aristotle Capital Management LLC purchased a new stake in McCormick & Company, Incorporated in the fourth quarter valued at $259,918,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in McCormick & Company, Incorporated by 2.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,151,945 shares of the company’s stock worth $214,679,000 after purchasing an additional 62,977 shares during the period. Finally, Wellington Management Group LLP grew its position in McCormick & Company, Incorporated by 3.2% during the 4th quarter. Wellington Management Group LLP now owns 2,887,111 shares of the company’s stock worth $196,641,000 after purchasing an additional 89,578 shares during the period. 79.74% of the stock is owned by hedge funds and other 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.