McCormick & Company, Incorporated (NYSE:MKC) Issues Earnings Results

McCormick & Company, Incorporated (NYSE:MKC) posted its quarterly earnings data on Thursday. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.11, Briefing.com reports. 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 for the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the firm posted $0.69 earnings per share. The company’s revenue was up 16.7% compared to the same quarter last year. McCormick & Company, Incorporated updated its FY 2026 guidance to 3.050-3.130 EPS.

Here are the key takeaways from McCormick & Company, Incorporated’s conference call:

• Q2 results were strong, with constant-currency sales up 14%, adjusted EPS up 16% to $0.80, and underlying gross margin expansion of 130 basis points even excluding the tariff refund.
• Flavor Solutions was the standout segment, delivering 3% organic sales growth driven by broad-based demand across large CPGs, private label, innovators, and branded food service.
• U.S. Consumer volume remained pressured by wider price gaps, increased price sensitivity, and softer category consumption, especially in spices and seasonings and recipe mixes.
• Management expects improvement in the back half, with sequential Consumer volume improvement in Q3 and volume growth in Q4 supported by distribution gains, targeted marketing, innovation, and refined revenue growth management.
• Unilever Foods integration planning is advancing, and the company reiterated confidence in its deal targets, including mid- to high-single-digit EPS accretion in year one and mid- to high-teens accretion by year three.

McCormick & Company, Incorporated Price Performance

MKC stock opened at $51.00 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.36. The business has a 50 day simple moving average of $48.39 and a 200-day simple moving average of $57.97. The firm has a market capitalization of $13.71 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. McCormick & Company, Incorporated has a 1 year low of $44.82 and a 1 year high of $78.03.

McCormick & Company, Incorporated Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, July 6th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, July 6th. McCormick & Company, Incorporated’s payout ratio is currently 31.48%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Zacks Research upgraded shares of McCormick & Company, Incorporated from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. HSBC lowered their price objective on McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. BNP Paribas Exane reduced their target price on McCormick & Company, Incorporated from $83.00 to $75.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. BTIG Research started coverage on McCormick & Company, Incorporated in a research report on Tuesday, April 14th. They issued a “neutral” rating on the stock. Finally, Weiss Ratings downgraded McCormick & Company, Incorporated from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, June 12th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.50.

Key Headlines Impacting McCormick & Company, Incorporated

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

Insider Buying and Selling

In related news, Director Gavin Hattersley acquired 2,000 shares of the stock in a transaction on Friday, April 10th. The shares were bought at an average price of $52.98 per share, with a total value of $105,960.00. Following the completion of the purchase, the director owned 2,906 shares of the company’s stock, valued at approximately $153,959.88. This represents a 220.75% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On McCormick & Company, Incorporated

A number of hedge funds have recently modified their holdings of MKC. Pacer Advisors Inc. increased 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 buying an additional 10,088 shares during the last quarter. Sunbelt Securities Inc. grew its position in McCormick & Company, Incorporated by 78.5% in the fourth 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. increased its stake in McCormick & Company, Incorporated by 3.1% during the fourth 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 last quarter. Alberta Investment Management Corp raised its position in McCormick & Company, Incorporated by 3.7% in the fourth quarter. Alberta Investment Management Corp now owns 72,800 shares of the company’s stock valued at $4,958,000 after purchasing an additional 2,600 shares during the period. Finally, Strive Financial Group LLC acquired a new position in shares of McCormick & Company, Incorporated in the 4th quarter valued at $1,742,000. Hedge funds and other institutional investors own 79.74% of the company’s stock.

McCormick & Company, Incorporated Company Profile

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.