McCormick & Company, Incorporated (MKC)

Over the past six months, McCormick & Co., Inc.'s stock price has decreased. As of January 2, 2026, the share price was $67.28, an 11.30% decrease from $75.85 on January 3, 2025. The stock's price decreased by 6.30% over the last 12 months, with a year-to-date return of -1.82%. Key events impacting the stock include the company's third-quarter 2025 earnings report on October 7, 2025, where net sales increased by 3% year-over-year, driven by volume. However, gross profit margin contracted due to higher commodity costs, tariffs, and increased capacity costs, leading management to update its fiscal year 2025 adjusted earnings per share outlook. Despite beating expectations with Q3 2025 adjusted EPS and revenue, McCormick shares fell 3.9% on October 7, 2025. The company also reported fourth-quarter sales growth of 3% year-on-year to $1.798 billion, beating analyst estimates, with consumer segment sales increasing by 4%. McCormick anticipates its fiscal year 2025 sales growth to be between 0% and 2% as reported, and 1% to 3% in constant currency, with an expected adjusted EPS of $3.03 to $3.08.

Demand for McCormick's products is generally not highly cyclical. The company benefits from a sustained trend of consumers cooking more meals at home, leading to increased demand for flavorful and healthy options. McCormick has observed momentum in core categories and anticipates continued sales growth from holiday products and new offerings, suggesting some uplift during specific periods.

McCormick & Company is a global leader in flavor, manufacturing, marketing, and distributing spices, seasoning mixes, condiments, and other flavoring products to retail outlets, food manufacturers, and foodservice businesses. The company operates within the Consumer Staples sector, specifically in the Packaged Foods industry. McCormick's product portfolio includes spices and herbs marketed under brands like McCormick, Lawry's, and Zatarain's, as well as seasoning blends, condiments, sauces, extracts, and food colors. The company also provides custom flavor solutions, industrial spices and seasonings, and health and wellness products.

McCormick has a significant global presence, with products available in over 170 countries. Major facilities are located across North America, Europe, and China, with additional facilities in Australia, Central America, Thailand, and South Africa. In fiscal year 2024, the Americas accounted for 71.42% of revenue, followed by Europe, the Middle East, and Africa at 18.43%, and Asia Pacific at 10.15%.

McCormick is recognized as a global leader in flavor and a respected name in the food industry, with a long history of flavor leadership. The company emphasizes its commitment to sustainability and corporate responsibility. In the past year, McCormick's brand reputation faced some negative publicity due to a study that identified potential food safety issues in its spices, which led to a lawsuit. Although the lawsuit was dismissed, it contributed to negative public perception for McCormick and some of its competitors.

McCormick & Co., Inc. has a diverse ownership structure comprising institutional, insider, and retail investors. Institutional shareholders hold approximately 84.26% of the stock, while McCormick insiders own about 0.41%, and retail investors hold 15.33%. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., State Farm Mutual Automobile Insurance Co, State Street Corp, Geode Capital Management, Llc, Invesco Ltd., and T. Rowe Price Investment Management, Inc. Vanguard Group Inc. is the largest individual shareholder, holding 32.37 million shares, representing 12.06% of the company.