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

McCormick & Company, Incorporated (NYSE:MKC) issued its quarterly earnings results on Thursday. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10, Zacks reports. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company earned $0.85 EPS. McCormick & Company, Incorporated’s quarterly revenue was up 17.4% compared to the same quarter last year. McCormick & Company, Incorporated updated its FY 2026 guidance to 3.050-3.130 EPS.

McCormick & Company, Incorporated Trading Down 4.3%

NYSE MKC opened at $46.33 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.78. McCormick & Company, Incorporated has a one year low of $44.82 and a one year high of $72.41. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 1.95 and a beta of 0.64. The firm has a 50 day simple moving average of $51.96 and a 200-day simple moving average of $50.88.

McCormick & Company, Incorporated Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MKC. Deutsche Bank Aktiengesellschaft reduced their price target on shares of McCormick & Company, Incorporated from $60.00 to $59.00 and set a “buy” rating for the company in a report on Monday, September 21st. Weiss Ratings upgraded McCormick & Company, Incorporated from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. Jefferies Financial Group reduced their price objective on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Sanford C. Bernstein reduced their price objective 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, Barclays lowered their price target on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, June 26th. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, McCormick & Company, Incorporated has a consensus rating of “Hold” and an average price target of $59.80.

Insider Activity

In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $52.69, for a total value of $10,829,797.22. Following the sale, the insider directly owned 296,992 shares of the company’s stock, valued at approximately $15,648,508.48. This represents a 40.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 10.60% 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.