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

Key Points

• McCormick issued FY 2026 guidance for EPS of $3.05–$3.13 and revenue of $7.7–$8.0 billion, broadly surrounding analyst consensus of $3.09 EPS and $7.9 billion in revenue.
• Shares fell 4.3% to $46.33, near the company’s 52-week low, while analysts maintained an overall “Hold” consensus with an average price target of $59.80.
• McCormick declared a quarterly dividend of $0.48 per share, payable October 26, representing a $1.92 annualized dividend and a 4.1% yield.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.050-3.130 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 $7.9 billion.

McCormick & Company, Incorporated Stock Down 4.3%

Shares of NYSE:MKC opened at $46.33 on Thursday. The stock has a market cap of $12.46 billion, a P/E ratio of 7.71, a P/E/G ratio of 1.95 and a beta of 0.64. The firm has a fifty day moving average price of $51.96 and a 200 day moving average price of $50.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. McCormick & Company, Incorporated has a 1-year low of $44.82 and a 1-year high of $72.41.

McCormick & Company, Incorporated Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, October 13th. McCormick & Company, Incorporated's payout ratio is currently 31.95%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MKC. Sanford C. Bernstein reduced their price objective on shares of 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. 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. Barclays cut their target price on McCormick & Company, Incorporated from $57.00 to $55.00 and set an "equal weight" rating for the company in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft decreased their price target on McCormick & Company, Incorporated from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Monday, September 21st. Finally, JPMorgan Chase & Co. cut their price objective on McCormick & Company, Incorporated from $63.00 to $62.00 and set an "overweight" rating for the company in a research report on Friday, September 18th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, McCormick & Company, Incorporated has an average rating of "Hold" and an average price target of $59.80.

Insider Buying and Selling at McCormick & Company, Incorporated

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $52.69, for a total value of $10,829,797.22. Following the sale, the insider owned 296,992 shares in the company, valued at $15,648,508.48. This represents a 40.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.60% of the stock is currently owned by corporate insiders.

About McCormick & Company, Incorporated

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.

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