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

McCormick & Company, Incorporated (NYSE:MKC) updated 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 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.

McCormick & Company, Incorporated Price Performance

MKC stock opened at $46.33 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39. The company’s 50-day moving average is $51.96 and its 200-day moving average is $50.88. The stock has a market capitalization of $12.46 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 1.95 and a beta of 0.64. McCormick & Company, Incorporated has a 1 year low of $44.82 and a 1 year high of $72.41.

McCormick & Company, Incorporated (NYSE:MKC) last posted its quarterly earnings results on Thursday, October 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.10. McCormick & Company, Incorporated had a net margin of 21.91% and a return on equity of 12.78%. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Equities research analysts expect that McCormick & Company, Incorporated will post 3.08 EPS for the current fiscal year.

McCormick & Company, Incorporated Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MKC shares. 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. Deutsche Bank Aktiengesellschaft reduced their target price on shares of McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Monday, September 21st. JPMorgan Chase & Co. lowered their price target on shares of McCormick & Company, Incorporated from $63.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, September 18th. TD Cowen lowered McCormick & Company, Incorporated from a “buy” rating to a “hold” rating and reduced their price objective for the company from $60.00 to $55.00 in a report on Monday, September 14th. Finally, Barclays reduced their price objective on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, June 26th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, McCormick & Company, Incorporated presently has a consensus rating of “Hold” and a consensus price target of $59.80.

Insider Transactions 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 on 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 sale, the insider owned 296,992 shares of the company’s stock, valued at $15,648,508.48. The trade was a 40.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 10.60% of the stock is owned by insiders.

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.