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

McCormick & Company, Incorporated (NYSE:MKC) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 3.050-3.130 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 Ratings Changes

Several research analysts have issued reports on MKC shares. Deutsche Bank Aktiengesellschaft cut their price target on McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Monday, September 21st. BNP Paribas Exane decreased their price objective on shares of McCormick & Company, Incorporated from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday. Sanford C. Bernstein reissued an “outperform” rating and issued a $59.00 price objective on shares of McCormick & Company, Incorporated in a report on Friday. Weiss Ratings raised shares of McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Finally, Barclays reduced their price target on McCormick & Company, Incorporated from $55.00 to $47.00 and set an “equal weight” rating for the company in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, McCormick & Company, Incorporated has a consensus rating of “Hold” and an average price target of $55.30.

McCormick & Company, Incorporated Price Performance

NYSE MKC opened at $44.60 on Friday. The stock has a 50-day moving average of $51.73 and a 200 day moving average of $50.74. McCormick & Company, Incorporated has a one year low of $43.25 and a one year high of $72.41. The company has a market capitalization of $11.99 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 1.78 and a beta of 0.65. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.39 and a current ratio of 0.66.

McCormick & Company, Incorporated (NYSE:MKC) last released its quarterly earnings results on Thursday, October 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. McCormick & Company, Incorporated had a return on equity of 12.01% and a net margin of 19.39%.The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the company posted $0.85 EPS. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, sell-side analysts forecast that McCormick & Company, Incorporated will post 3.08 EPS for the current year.

McCormick & Company, Incorporated Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors 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 is Tuesday, October 13th. McCormick & Company, Incorporated’s payout ratio is currently 31.95%.

Insider Activity at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of McCormick & Company, Incorporated stock in a transaction dated 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 completion of the sale, the insider owned 296,992 shares in the company, valued at $15,648,508.48. This trade represents a 40.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 10.60% of the company’s stock.

Key Headlines Impacting McCormick & Company, Incorporated

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

• Positive Sentiment: McCormick reported third-quarter adjusted EPS of $0.86, surpassing the $0.76 analyst consensus, while revenue rose 17.4% year over year to $2.02 billion versus expectations of $1.98 billion. Margin expansion, organic growth and contributions from the McCormick de Mexico acquisition supported the results. McCormick Reports Solid Third Quarter Performance and Reaffirms 2026 Outlook
• Positive Sentiment: The company outlined a plan to repay $1.5 billion to $2 billion of debt within two years and is targeting 100 to 120 basis points of gross-margin expansion in 2026. Its valuation near multi-year lows and dividend yield above 4% may also appeal to income-oriented investors. McCormick Debt Paydown and Margin Plan
• Neutral Sentiment: McCormick reaffirmed fiscal 2026 guidance of $3.05 to $3.13 in EPS and $7.7 billion to $8.0 billion in revenue, broadly consistent with Wall Street expectations. McCormick Reaffirms 2026 Guidance
• Negative Sentiment: Reported GAAP net income fell sharply to $97.6 million, or $0.36 per share, from $225.5 million, or $0.84 per share, a year earlier, reflecting special charges related to integration and cost actions. Organic sales growth was only about 1.9%, leaving much of the headline growth dependent on acquisitions. McCormick Posts Lower Profit on Higher Sales
• Negative Sentiment: Analysts lowered their targets: Barclays to $47 with an equal-weight rating, UBS to $48 with a neutral rating, TD Cowen to $48 with a hold rating, and Stifel to $48 with a hold rating. BNP Paribas Exane cut its target to $65 but retained an outperform rating. These revisions signal continued concerns about organic growth, execution and near-term earnings momentum.

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.