McCormick & Company, Incorporated (MKC)

Over the past six months, McCormick & Company's stock price has decreased by 1.09%, and by 4.75% over the last year. On June 26, 2025, McCormick reported earnings of $0.69 per share, surpassing estimates, but revenue of $1.66 billion slightly missed estimates. Net sales increased by 1%, driven by volume growth, and the company reaffirmed its fiscal 2025 outlook. Insider trading activity showed more sales than purchases, with notable sales by executives and a member of Congress.

Demand for McCormick & Company's products exhibits seasonality, primarily driven by customer and consumer buying patterns related to the holiday season. Sales, operating income, and cash from operations are generally higher in the fourth quarter, with inventories built during the third quarter to meet increased demand. The company's plants can accommodate these seasonal demands and changing product mixes.

McCormick & Company, Inc. specializes in manufacturing, marketing, and distributing spices, seasoning mixes, condiments, and other flavoring products. The company operates in the Consumer Staples sector, serving retail outlets, food manufacturers, and foodservice businesses through its Consumer and Flavor Solutions segments. Its major products and brands include spices, herbs, recipe mixes, extracts, condiments like Frank's RedHot and French's, and various other flavorings, with notable brands such as McCormick, Old Bay, and Lawry's.

McCormick & Company has a significant global presence, with products available in over 150 countries. Major facilities are in North America, Europe, and China, with additional facilities in Australia, India, and Central America. Approximately 40% of sales are generated outside its home market, with around 70% of revenue from the Americas, 20% from EMEA, and 10% from APAC.

McCormick & Company has maintained a strong brand reputation, evidenced by recognitions such as being named the world's 49th most sustainable company by Corporate Knights in January 2024. In January 2023, McCormick was recognized as one of America's Most JUST Companies by JUST Capital. The company was also named to Fortune's 2022 Change the World list and recognized on DiversityInc's 2022 Top 50 List of Companies for Diversity for the sixth consecutive year.

McCormick & Company's ownership is primarily institutional, with institutional shareholders owning approximately 81.77% of the stock. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., and State Farm Mutual Automobile Insurance Co. The Vanguard Group, Inc. is the largest single shareholder, owning 11.88% of the company's shares. Retail investors hold about 17.84% of the stock, while insiders own approximately 0.39%.