McCormick (MKC) Stock Overview
Manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry. More details
| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 0/6 |
| Past Performance | 6/6 |
| Financial Health | 2/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
MKC Community Fair Values
Create NarrativeSee what 42 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
McCormick & Company, Incorporated Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$47.07 |
| 52 Week High | US$78.16 |
| 52 Week Low | US$46.82 |
| Beta | 0.67 |
| 1 Month Change | -12.36% |
| 3 Month Change | -31.74% |
| 1 Year Change | -38.46% |
| 3 Year Change | -48.19% |
| 5 Year Change | -47.20% |
| Change since IPO | 4,920.80% |
Recent News & Updates
Seeking Alpha • May 04
McCormick: The Unilever Deal Spooked The Market, But That's The Opportunity
Summary McCormick delivered strong Q1'26 results, with robust margin expansion and reaffirmed FY'26 guidance, despite market skepticism following the Unilever Foods combination announcement. The Unilever Foods deal offers compelling cost synergies ($600M/year by year three) and global distribution opportunities, though near-term leverage will rise to 4x and Unilever shareholders will initially own 55%. MKC's heat portfolio (Frank's RedHot, Cholula) is driving above-average growth and margin uplift, while Flavor Solutions is showing early signs of sustainable margin expansion. At 16x forward earnings and a 3.8% yield, MKC trades at a discount to historical multiples, providing an attractive entry point for long-term investors; shares are rated a buy. Read the full article on Seeking Alpha
Narrative Update • May 02
MKC: Unilever Foods Merger Will Reset Medium Term Earnings Power
McCormick's analyst price targets have moved lower, with several firms trimming estimates by $1 to $11 to around the mid $60s, as analysts weigh tempered long term goals and mixed views on potential deal outcomes. Analyst Commentary Recent research highlights a split view on McCormick, with some firms initiating coverage at neutral ratings and several others reducing price targets into the mid $60s as they reassess the company’s long term objectives and potential deal activity.Narrative Update • Apr 18
MKC: Unilever Foods Combination Will Reset Medium Term Margin And Earnings Power
Analysts have trimmed the McCormick price target by about $0.50 to reflect slightly lower profit margin expectations, which are only partly offset by modestly stronger projected revenue growth and a small adjustment to the future P/E assumption. Analyst Commentary Recent Street research around McCormick has leaned cautious on valuation and execution, with several firms adjusting price targets and framing expectations more conservatively.Recent updates
Seeking Alpha • May 04
McCormick: The Unilever Deal Spooked The Market, But That's The Opportunity
Summary McCormick delivered strong Q1'26 results, with robust margin expansion and reaffirmed FY'26 guidance, despite market skepticism following the Unilever Foods combination announcement. The Unilever Foods deal offers compelling cost synergies ($600M/year by year three) and global distribution opportunities, though near-term leverage will rise to 4x and Unilever shareholders will initially own 55%. MKC's heat portfolio (Frank's RedHot, Cholula) is driving above-average growth and margin uplift, while Flavor Solutions is showing early signs of sustainable margin expansion. At 16x forward earnings and a 3.8% yield, MKC trades at a discount to historical multiples, providing an attractive entry point for long-term investors; shares are rated a buy. Read the full article on Seeking AlphaNarrative Update • May 02
MKC: Unilever Foods Merger Will Reset Medium Term Earnings Power
McCormick's analyst price targets have moved lower, with several firms trimming estimates by $1 to $11 to around the mid $60s, as analysts weigh tempered long term goals and mixed views on potential deal outcomes. Analyst Commentary Recent research highlights a split view on McCormick, with some firms initiating coverage at neutral ratings and several others reducing price targets into the mid $60s as they reassess the company’s long term objectives and potential deal activity.Narrative Update • Apr 18
MKC: Unilever Foods Combination Will Reset Medium Term Margin And Earnings Power
Analysts have trimmed the McCormick price target by about $0.50 to reflect slightly lower profit margin expectations, which are only partly offset by modestly stronger projected revenue growth and a small adjustment to the future P/E assumption. Analyst Commentary Recent Street research around McCormick has leaned cautious on valuation and execution, with several firms adjusting price targets and framing expectations more conservatively.Narrative Update • Apr 04
MKC: Unilever Foods Merger Will Support Future Margin And Earnings Power
Analysts have trimmed McCormick's implied fair value to about $63 from roughly $73, reflecting lower assumptions for revenue growth and profit margins, partly offset by a higher future P/E multiple and a wave of reduced price targets across recent research updates. Analyst Commentary Recent research on McCormick has centered on lower price targets, revised long term goals, and differing views on the risk and reward trade off as the company recalibrates expectations.
New Narrative • Mar 31
Flavor Expansion And Health Trends Will Support Stronger Long Term Earnings Power
Catalysts About McCormick McCormick produces herbs, spices, seasonings and flavor solutions for consumers, packaged food companies and foodservice customers globally. What are the underlying business or industry changes driving this perspective?Narrative Update • Mar 20
MKC: Reset 2028 Ambitions And Brand Partnerships Will Support Future Margin Path
Analysts have reduced McCormick's price target by about $0.54 as they factor in slightly lower revenue growth assumptions, a modest change in the profit margin profile, and a small adjustment to future P/E expectations following the company's pullback on its 2028 goals. Analyst Commentary Recent Street research around the CAGNY 2026 conference has focused on how McCormick's revised 2028 goals fit alongside updates from other large U.S. food companies.Narrative Update • Mar 05
MKC: Reset Long Term Goals And Brand Collaborations Will Support Future Margin Path
The analyst price target for McCormick has been reduced by several firms in recent research. Our updated fair value estimate has edged up to $73.85 from $73.31 as analysts factor in the pullback of the company’s longer term 2028 goals, along with modest tweaks to revenue growth, margin and future P/E assumptions.Narrative Update • Feb 18
MKC: Reset Long Term Goals And Brand Collaborations Will Shape Future Margin Path
Our revised analyst price target for McCormick edges up by about $0.46 per share as analysts balance slightly higher modeled revenue growth and a modestly higher future P/E with more cautious long term company goals, along with a trim to profit margin expectations following recent industry conference commentary and target cuts across the Street. Analyst Commentary Recent Street research around the 2026 CAGNY conference points to a more cautious stance on McCormick, with several firms adjusting long term expectations and price targets across the U.S. food group.Narrative Update • Feb 03
MKC: Brand Refresh And Collaborations Will Support Future Margin Recovery
McCormick's updated fair value estimate has moved from US$77.00 to about US$72.85 as analysts trim price targets by US$2 to US$9 and factor in slightly different assumptions for revenue growth, margins and future P/E levels. Analyst Commentary Recent Street research has clustered around lower price targets for McCormick, with cuts ranging from US$2 to US$9.Narrative Update • Jan 20
MKC: New Collaborations And Brand Refresh Will Support Future Margin Recovery
Analysts have modestly raised their price target for McCormick to about US$77 from roughly US$76, citing updated assumptions for revenue growth, profit margins, and future P/E levels that together support a slightly higher fair value estimate. What's in the News McCormick announced a two year collaboration with Paris Hilton and her media company, 11:11 Media, focused on advertising that connects its spices, seasonings, and extracts with iconic film and TV moments, with a new ad planned for January 2026 (Client Announcements).Narrative Update • Dec 15
MKC: Volume-Led Demand Will Drive Future Margin Recovery Despite Tariff Pressures
We lower our McCormick price target modestly by about $1, as analysts highlight resilient volume-led growth and margin improvement potential but temper expectations for valuation and near-term profitability given rising tariffs, higher commodity costs, and a wider range of outcomes into 2026. Analyst Commentary Analysts broadly acknowledge McCormick's solid operational execution, underpinned by volume-led growth and continued category strength, but they are also resetting expectations to reflect a more uncertain profit and valuation trajectory through 2026.Narrative Update • Dec 01
MKC: Volume-Led Gains and Seasonal Tailwinds Will Drive Margin Recovery
McCormick's analyst price targets were recently lowered by amounts ranging from $1 to $9 across several firms, as analysts cite concerns over rising tariffs, higher input costs, and uncertainty regarding 2026 price elasticity and profitability outlooks, despite ongoing volume-led sales growth. Analyst Commentary Bullish Takeaways Bullish analysts highlight continued volume-led growth and resilience across key categories, even in a challenging consumer environment.Narrative Update • Nov 17
MKC: Share Pullback Will Set Stage For Anticipated Margin Improvements
Analysts have modestly lowered their price targets for McCormick, citing ongoing headwinds from rising tariffs and commodity costs. The consensus fair value estimate has dipped by less than $1 to approximately $76.92.Narrative Update • Nov 02
MKC: Holiday Quarter Will Drive Near-Term Momentum Amid Margin Recovery
McCormick's average analyst price target has declined in recent weeks. Most firms now project values $3 to $9 lower than prior estimates, as analysts cite ongoing pressures from rising tariffs, increased input costs, and uncertainty around future sales growth.Narrative Update • Oct 18
Consumer Health Trends Will Foster Global Market Expansion
McCormick's fair value estimate has been reduced by approximately $5 to $77.38, as analysts cite headwinds from rising tariffs, elevated commodity costs, and questions regarding future profit margins and revenue growth. Analyst Commentary Wall Street analysts have reacted to McCormick's recent results and outlook with a host of both positive and negative considerations, leading to a number of price target revisions and ratings changes across the sector.Narrative Update • Oct 04
Consumer Health Trends Will Foster Global Market Expansion
McCormick's analyst price target has been revised downward by analysts from $83.86 to $82.46, reflecting lower profit margin expectations and cautious views around upcoming earnings because of continued market pressures. Analyst Commentary Recent research coverage for McCormick reflects a mixture of optimism for the company's long-term growth prospects and caution surrounding short-term financial pressures.Analysis Article • Sep 08
We Think McCormick (NYSE:MKC) Can Stay On Top Of Its Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Aug 12
Return Trends At McCormick (NYSE:MKC) Aren't Appealing
NYSE:MKC 1 Year Share Price vs Fair Value Explore McCormick's Fair Values from the Community and select yours What...Seeking Alpha • Mar 25
McCormick: Slow And Steady
Summary McCormick & Company, Incorporated is recommended for long-term dividend growth investing due to its stable, slow growth and robust demand for its seasoning and spice lines. Fiscal Q1 sales rose 0.6% year-over-year, driven by strong volumes, with notable growth in APAC and mixed results in other regions. Despite a slight decline in EPS and operating income, the company maintains a positive outlook with projected steady growth and recent dividend increases. At $81 per share, MKC stock trades at a premium; consider moving to a house position to secure profits while benefiting from future dividends. Read the full article on Seeking AlphaSeeking Alpha • Mar 18
McCormick Q1 Preview: Expanding Flavor Solutions Margin, Initiating With 'Buy'
Summary McCormick & Company, Incorporated, a global leader in the flavor market, shows steady growth and margin expansion, presenting an attractive investment for dividend investors with a "Buy" rating and a $92 target price. The company has effectively managed costs and driven margin expansion in its Flavor Solutions segment through strategic cost management, premiumization, and operating leverage. McCormick anticipates 1%-3% revenue growth and 4%-6% adjusted operating income growth for FY25, despite challenges like inflation, tariffs, and geopolitical risks. Key MKC risks include Walmart's strong pricing power, potential tariff impacts on raw material costs, and high-interest expenses due to McCormick's $4.3 billion debt. Read the full article on Seeking AlphaSeeking Alpha • Jan 25
McCormick: Visible Neat-Term Headwinds Prevent Me From Upgrading To Buy
Summary Despite promising volume growth and a recovering gross margin, I maintain a hold rating on McCormick & Co. due to limited overall revenue growth and other headwinds. 4Q24 results showed net sales of $1.8 billion, driven by volume gains, but adjusted EPS declined due to higher tax rates and operating expenses. Geographic pressures in Asia Pacific and flat volumes in the Flavor Solutions segment remain significant headwinds, limiting near-term revenue upside. MKC's valuation is not attractive relative to peers; I need to see either stronger topline growth or a cheaper valuation to upgrade to a buy. Read the full article on Seeking AlphaSeeking Alpha • Oct 03
McCormick: Valuation Already Pricing In Normalized EPS Growth
Summary McCormick & Co. benefits from the food-at-home trend, boosting demand for seasonings, but faces challenges in the Flavor Solutions segment due to a weak quick-service restaurant outlook. MKC's valuation is concerning at 27.4x forward PE, with consensus assuming normalized EPS growth, limiting upside potential despite positive volume and margin expansion. The latest earnings report shows flat net sales, but gross profit and EBIT margin improved, driven by positive volume/mix growth in the consumer segment. Read the full article on Seeking AlphaSeeking Alpha • Sep 26
McCormick Q3 Earnings Preview: Why I Reiterate My Sell Rating
Summary McCormick will release its Q3 fiscal 2024 results on October 1 before the market opens. I explain why a beat on EPS and sales estimates is likely, while at the same time, I would not bet on a jump in McCormick's share price. I discuss the performance indicators that, I believe, are more relevant to the McCormick investment case, especially in these volatile times. I explain why MKC stock — despite the company's generally good quality and long-term thinking management — is an easy no from an investor's perspective. Read the full article on Seeking AlphaShareholder Returns
| MKC | US Food | US Market | |
|---|---|---|---|
| 7D | -2.0% | -0.5% | 2.6% |
| 1Y | -38.5% | -7.4% | 26.2% |
Return vs Industry: MKC underperformed the US Food industry which returned -7.4% over the past year.
Return vs Market: MKC underperformed the US Market which returned 26.2% over the past year.
Price Volatility
| MKC volatility | |
|---|---|
| MKC Average Weekly Movement | 4.8% |
| Food Industry Average Movement | 5.1% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: MKC has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MKC's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1889 | 14,100 | Brendan Foley | www.mccormickcorporation.com |
McCormick & Company, Incorporated manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts.
McCormick & Company, Incorporated Fundamentals Summary
| MKC fundamental statistics | |
|---|---|
| Market cap | US$12.99b |
| Earnings (TTM) | US$1.64b |
| Revenue (TTM) | US$7.11b |
7.7x
P/E Ratio1.8x
P/S RatioIs MKC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MKC income statement (TTM) | |
|---|---|
| Revenue | US$7.11b |
| Cost of Revenue | US$4.39b |
| Gross Profit | US$2.71b |
| Other Expenses | US$1.07b |
| Earnings | US$1.64b |
Last Reported Earnings
Feb 28, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 6.11 |
| Gross Margin | 38.18% |
| Net Profit Margin | 23.12% |
| Debt/Equity Ratio | 65.2% |
How did MKC perform over the long term?
See historical performance and comparisonDividends
4.1%
Current Dividend Yield30%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/11 15:32 |
| End of Day Share Price | 2026/05/11 00:00 |
| Earnings | 2026/02/28 |
| Annual Earnings | 2025/11/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
McCormick & Company, Incorporated is covered by 28 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Staszak | Argus Research Company |
| Andrew Lazar | Barclays |
| Alexia Howard | Bernstein |