McCormick & Company, Incorporated (MKC) Stock Price & Analysis
McCormick & Company, Incorporated (MKC) is trading at USD 47.74, down 2.00% today, as of October 23, 2026 at 16:41 UTC (US market open; quotes may be delayed), according to Nexqual market data.
MKC last closed at USD 48.71; today's session has ranged USD 47.67–49.05 on volume of 865,679 shares. Market capitalization is $12.84B, with a 52-week range of USD 43.25–72.41 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 16:41 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MKC.md
Key facts (MKC)
- Last four reported quarters (through Aug 31, 2026): revenue $7.69B, net income $1.49B (19.4% margin), free cash flow $926M (SEC filings).
- Valuation: P/E 8.6x (avg 25.2x at the last 3 fiscal year-ends), EV/EBITDA 12.4x, net debt $3.35B.
- 1 of 80 tracked superinvestors hold MKC (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 2.33 on a 1–5 scale) (15 analysts), mean target USD 54.85 (range 47–65).
- Total return with dividends: 1Y -26.6% vs S&P 500 +14.6%; 5Y -32.9% vs S&P 500 +77.3%.
- Next earnings: 2026-10-01, EPS estimate USD 0.78, revenue estimate $2.11B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MKC)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $6.32B | $6.35B | $6.66B | $6.72B | $6.84B | $7.69B |
| Gross profit | $2.49B | $2.27B | $2.50B | $2.59B | $2.59B | — |
| Operating income | $1.02B | $864M | $963M | $1.06B | $1.07B | $1.03B |
| Net income | $755M | $682M | $681M | $789M | $789M | $1.49B |
| EPS (diluted) | $2.80 | $2.52 | $2.52 | $2.92 | $2.93 | — |
| Free cash flow | $550M | $390M | $973M | $647M | $740M | $926M |
| Gross margin | 39.5% | 35.8% | 37.6% | 38.5% | 37.9% | — |
| Operating margin | 16.1% | 13.6% | 14.5% | 15.8% | 15.7% | 13.4% |
| Net margin | 12.0% | 10.7% | 10.2% | 11.7% | 11.5% | 19.4% |
| Revenue growth | +12.8% | +0.5% | +4.9% | +0.9% | +1.7% | — |
| Cash + short-term investments | $352M | $334M | $167M | $186M | $95.9M | — |
| Total debt | $4.74B | $3.91B | $4.14B | $3.86B | $3.61B | — |
Fiscal years end Nov. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Aug 31, 2026) (MKC)
P/E 8.6x · P/S 1.7x · EV/EBITDA 12.4x · EV/Sales 2.1x · P/FCF 13.9x · P/B 1.8x · FCF yield 7.21% · Earnings yield 11.60% · Dividend yield (paid, TTM) 3.95% · Buyback yield (TTM) 0.13% · Net debt $3.35B · EV $16.2B
P/E at fiscal year-ends: Nov 2025 23.0x, Nov 2024 26.8x, Nov 2023 25.7x.
Superinvestors (SEC 13F-HR, Q2 2026) (MKC)
1 of 80 tracked investors hold MKC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Thomas Russo | Gardner Russo & Quinn | 0.02% | $1.9M | Reduced -1.6% |
Analysts (MKC)
Consensus Buy (mean 2.33 on a 1–5 scale), 15 analysts; mean target USD 54.85 (low 47, high 65).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-02 | Barclays | Target lowered | Equal-Weight | $55 → $47 |
| 2026-10-02 | UBS | Target lowered | Neutral | $52 → $48 |
| 2026-10-02 | BNP Paribas | Target lowered | Outperform | $75 → $65 |
| 2026-10-02 | TD Cowen | Target lowered | Hold | $55 → $48 |
| 2026-10-02 | Stifel | Target lowered | Hold | $55 → $48 |
| 2026-09-18 | JP Morgan | Target lowered | Overweight | $63 → $62 |
| 2026-09-14 | TD Cowen | Downgrade | Buy → Hold | $60 → $55 |
| 2026-06-29 | Barclays | Target lowered | Equal-Weight | $57 → $55 |
| 2026-06-26 | UBS | Target raised | Neutral | $51 → $52 |
| 2026-06-26 | TD Cowen | Target lowered | Buy | $64 → $60 |
| 2026-06-26 | Bernstein | Target lowered | Outperform | $77 → $68 |
| 2026-06-26 | Deutsche Bank | Target raised | Buy | $59 → $60 |
Total return (dividends reinvested) (MKC)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -26.6% | -32.9% |
| S&P 500 (SPY) | +14.6% | +77.3% |
| Per year | -26.6% | -7.7% |
| Volatility (annualized) | 31.1% | 26.5% |
| Max drawdown | -37.3% (Feb 2026→Oct 2026) | -52.0% (Feb 2022→Sep 2026) |
MKC revenue by business segment (quarter ended Aug 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Consumer | $1.22B | 60.0% | +24.9% |
| Flavor Solutions | $809.4M | 40.0% | +7.7% |
| Total revenue | $2.02B | 100% | — |
MKC revenue by product line (fiscal year ended Nov 30, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Spices & Seasoning | $1.71B | 25.0% | +3.4% |
| Flavors | $1.62B | 23.7% | +0.1% |
| Condiments & Sauces | $950.9M | 13.9% | +1.5% |
| Regional Leaders | $852.7M | 12.5% | +3.6% |
| Branded Foodservice | $614.1M | 9.0% | -0.2% |
| Recipe Mixes | $439.1M | 6.4% | +0.3% |
| Custom Condiments | $329.3M | 4.8% | -2.2% |
| Coatings Bulk Spices & Herbs | $326.7M | 4.8% | +7.2% |
| Total revenue | $6.84B | 100% | — |
MKC revenue by region (quarter ended Aug 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Americas | $1.49B | 73.8% | +21.7% |
| EMEA | $326.9M | 16.1% | +3.5% |
| APAC | $203.1M | 10.0% | +12.3% |
| Total revenue | $2.02B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MKC suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Jurado | “On March 31, 2025, we purchased substantially all of the assets of Jurado, Inc. (Jurado), a supplier of chili mash located in Las Cruces, New Mexico.” |
| Customer | PepsiCo (PEP) | “Sales to one of our Flavor Solutions segment customers, PepsiCo, Inc., accounted for consolidated sales of approximately 12% in 2025, and 13% in both 2024 and 2023.” |
Quoted from the company's 10-K filed Jan 22, 2026.
Companies that name MKC in their SEC reports
| Relationship to MKC | Company | Filing | Sentence |
|---|---|---|---|
| supplier | SILGAN HOLDINGS INC (SLGN) | 10-K Feb 26, 2026 | “Our largest customers for our custom containers business include Badia Spices Inc., Berlin Packaging LLC, Conagra Brands, Inc., General Mills, Inc., Kraft Heinz, Lactalis Canada Inc., Mars, Incorporated, McCormick & Company, Incorporated, Nice-Pak Products, Inc., Perrigo Company plc, The Procter & Gamble Company, Sazerac Company, The Scotts Company LLC, TricorBraun, Inc. and Winland Foods, Inc.” |
MKC customer concentration
In the period ended Nov 30, 2025, 2 direct customers each accounted for at least 10% (12%, 12%) of revenue, per the company's 10-K filed Jan 22, 2026. The company does not name them.
MKC company outlook (results filed Oct 1, 2026)
- “McCormick's fiscal 2026 outlook continues to reflect the Company's prioritized investments in key categories to sustain its volume trends and drive long-term profitable growth while appreciating the uncertainty of the consumer and macro environment, including global trade policies and the conflict in the Middle East.”
- “Lastly, the outlook reflects meaningful contributions from the acquisition of a controlling interest in McCormick de Mexico, which closed on January 2, 2026.”
- “Adjusted Operating Income: • Adjusted gross margin is expected to expand by 100 to 120 basis points from 2025.”
Quoted word-for-word from the SEC 8-K results press release.
MKC analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Nov 2026) | $0.78 | $0.88 | -11.5% | $2.11B | 9 |
| Next quarter (ends Feb 2027) | $0.64 | $0.67 | -4.3% | $1.96B | 4 |
| Current fiscal year (ends Nov 2026) | $3.09 | $3.09 | +0.0% | $7.92B | 13 |
| Next fiscal year (ends Nov 2027) | $3.22 | $3.30 | -2.5% | $8.15B | 12 |
Key Statistics (as of October 23, 2026 at 16:41 UTC)
| Price | USD 47.74 |
|---|---|
| Change | ▼ 2.00% (down) |
| Previous Close | USD 48.71 |
| Open | USD 48.66 |
| Day Range | USD 47.67 – 49.05 |
| 52-Week Range | USD 43.25 – 72.41 |
| Volume | 865,679 shares |
| Market Cap | $12.84B |
| Exchange | NYQ |
Technical Analysis (MKC)
Nexqual's technical model rates MKC "NEUTRAL" based on 2 bullish and 3 bearish signals across 128 daily candles, as of October 23, 2026 at 16:41 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 50.76 (neutral) |
| vs SMA50 | Below (USD 49.87) |
| MACD | -0.55 (negative) |
Analyst Ratings (MKC)
Wall Street analysts rate MKC "Buy" based on 15 analysts, with a mean price target of USD 54.85 (range USD 47–65), per Nexqual as of October 23, 2026 at 16:41 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 15 |
| Mean Target | USD 54.85 |
| High Target | USD 65 |
| Low Target | USD 47 |
| Buy / Hold / Sell | 7 / 8 / 0 |
Earnings (MKC)
| Next Earnings Date | 2026-10-01 |
|---|---|
| EPS Estimate | USD 0.78 |
| Revenue Estimate | $2.11B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-08-31 | USD 0.86 vs est 0.76 ▲ beat |
| 2026-05-31 | USD 0.8 vs est 0.7 ▲ beat |
| 2026-02-28 | USD 0.66 vs est 0.6 ▲ beat |
| 2025-11-30 | USD 0.86 vs est 0.88 ▼ miss |
Source: Nexqual, October 23, 2026 at 16:41 UTC.
Financials & Fundamentals (MKC)
| Total Revenue | $7.69B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +17.40% |
| Gross Margin | +38.91% |
| Operating Margin | +17.76% |
| Profit Margin | +19.39% |
| ROE | +22.62% |
| Debt / Equity | 0.66 |
| Current Ratio | 0.66 |
| Total Cash | $331.10M |
| Total Debt | $5.02B |
| Free Cash Flow (last four quarters to Aug 2026, SEC 10-Q / 10-K) | $925.90M (12.0% of revenue) |
Source: Nexqual, October 23, 2026 at 16:41 UTC.
Financial Health Score (MKC)
Nexqual rates McCormick & Company, Incorporated's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 16:41 UTC.
| Growth | Mixed — Revenue +1.7% YoY (annual), slow |
|---|---|
| Profitability | Solid — Gross margin 39%, operating 18% (last 12 months) |
| Balance Sheet | Mixed — $331M cash and investments vs $3.68B debt (Aug 2026, SEC) |
| Cash Flow | Solid — FCF $926M (last 4 quarters to Aug 2026, SEC), 12% margin |
| Efficiency | Strong — ROE 23%, ROA 5.3% |
Ownership (MKC)
| Insider Ownership | +0.01% |
|---|---|
| Institutional Ownership | +96.65% |
| Shares Outstanding | 254.54M |
| Float | 265.71M |
Source: Nexqual, October 23, 2026 at 16:41 UTC.
Leadership (MKC)
McCormick & Company, Incorporated is led by Brendan M. Foley, President, CEO & Chairman, per Nexqual as of October 23, 2026 at 16:41 UTC.
| President, CEO & Chairman | Brendan M. Foley |
|---|---|
| Executive VP & CFO | Marcos Mendes Gabriel |
| Vice President of Investor Relations | Faten Freiha |
| President of Europe & Middle East and Africa (EMEA) | Ana Sanchez |
Major Backers & Investors (MKC)
Notable institutional backers of McCormick & Company, Incorporated include State Farm Mutual Automobile Insurance Co, Aristotle Capital Management, LLC, Sanders Capital, LLC, according to Nexqual as of October 23, 2026 at 16:41 UTC.
Active Investors
| Investor | Stake |
|---|---|
| State Farm Mutual Automobile Insurance Co | 6.49% |
| Aristotle Capital Management, LLC | 4.47% |
| Sanders Capital, LLC | 3.19% |
| Boston Partners | 2.84% |
| VanEck ETF Trust-VanEck Morningstar Wide Moat ETF | 2.24% |
| Morgan Stanley | 1.94% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.96% |
| BlackRock | 8.23% |
| State Street | 6.02% |
| Geode Capital | 2.68% |
Source: Nexqual, October 23, 2026 at 16:41 UTC.
Legal & Regulatory Risks from McCormick & Company, Incorporated's Latest 10-K (filed 2026-01-22)
- Laws and regulations could adversely affect our business.
- Litigation, legal or administrative proceedings could have an adverse impact on our business and financial condition or damage our reputation.
- Climate change, or legal, regulatory or market measures to address climate change, may negatively affect our business, financial condition and results of operations.
Source: SEC EDGAR 10-K, Item 1A, official filing.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| JBS | JBS N.V. | USD 12.06 | ▼ 2.55% |
| SJM | The J.M. Smucker Company | USD 129.91 | ▼ 2.61% |
| MICC | The Magnum Ice Cream Company N. | USD 19.01 | ▼ 1.99% |
| HRL | Hormel Foods Corporation | USD 21.01 | ▼ 1.64% |
| GIS | General Mills, Inc. | USD 34.38 | ▼ 2.29% |
| DAR | Darling Ingredients Inc. | USD 56.9 | ▲ 2.26% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 16:41 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt