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

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

Trending Headlines about McCormick & Company, Incorporated

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 equities analysts have weighed in on MKC shares. Jefferies Financial Group decreased their price target on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reduced their target price 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. UBS Group boosted their price target on McCormick & Company, Incorporated from $51.00 to $52.00 and gave the company 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 note on Friday, June 26th. Finally, Weiss Ratings upgraded McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $59.80.

McCormick & Company, Incorporated Stock Down 2.7%

The firm’s 50-day moving average price is $51.96 and its 200-day moving average price is $50.88. The company 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 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 (NYSE:MKC) last issued its earnings results on Thursday, October 1st. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.10. The business had revenue of $2.02 billion for 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 business’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Sell-side analysts forecast that McCormick & Company, Incorporated will post 3.08 earnings per share for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

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

Insider Activity at McCormick & Company, Incorporated

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the transaction, the insider owned 296,992 shares in the company, valued at $15,648,508.48. The trade was a 40.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On McCormick & Company, Incorporated

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its position in shares of McCormick & Company, Incorporated by 60.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,659,766 shares of the company’s stock worth $113,047,000 after buying an additional 628,390 shares in the last quarter. Investors Research Corp acquired a new stake in McCormick & Company, Incorporated in the second quarter valued at $1,152,000. Hsbc Holdings PLC raised its holdings in McCormick & Company, Incorporated by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 500,292 shares of the company’s stock valued at $34,086,000 after acquiring an additional 47,119 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in McCormick & Company, Incorporated during the 1st quarter valued at $11,882,000. Finally, XXEC Inc. bought a new position in McCormick & Company, Incorporated during the 2nd quarter valued at $154,566,000. Institutional investors and hedge funds own 79.74% of the company’s stock.

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.