McCormick & Company stock | 2026 price target, earnings & valuation

McCormick & Company

NYSE:MKC

$ 63,30

$-0,14 (-0,22%)

63,30 $

$-0,14 (-0,22%)

End-of-day quote: 12/05/2025

McCormick & Company Stock Value

Currently, analysts rate NYSE:MKC as Outperform.

Outperform

McCormick & Company Company Info

EPS Growth 5Y

1,94%

Market Cap

$16,98 B

Long-Term Debt

$3,50 B

Short Interest

5,46%

Annual earnings

01/23/2026

Dividend

$1,92

Dividend Yield

3,03%

Founded

1889

Industry

Consumer Staples

Country

United States

ISIN Number

US5797802064

Website

http://www.mccormickcorporation.com

Analyst Price Target

$75,00

18.48%

Last Update: 12/06/2025

Analysts: 13

Highest Price Target $91,00

Average Price Target $75,00

Lowest Price Target $67,00

In the last five quarters, McCormick & Company’s Price Target has risen from $81,40 to $83,27 - a 2,30% increase. Twelve analysts predict that McCormick & Company’s share price will increase in the coming year, reaching $75,00. This would represent an increase of 18,48%.

Top growth stocks in the consumer staples sector (5Y.)

What does McCormick & Company do?

McCormick & Company, Incorporated is a company in flavor. The company manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry, including retailers, food manufacturers, and foodservice businesses. Additionally, the company partners in several joint ventures involved in the manufacture and sale of flavorful products, the most significant of which is McCormick de Mexico. Major sales, distribution, and production facilities are l...

Additionally, the company partners in several joint ventures involved in the manufacture and sale of flavorful products, the most significant of which is McCormick de Mexico. Major sales, distribution, and production facilities are located in North America, Europe, and China, with additional facilities based in Australia, Central America, Thailand, and South Africa.

Business Segments

The company operates in two business segments: consumer and flavor solutions. Its products deliver flavor when cooking at home, dining out, purchasing a quick service meal, or enjoying a snack. The company offers a range of products, extending from premium to value-priced, to meet the increasing demand for certain product attributes such as clean-label, organic, natural, reduced sodium, gluten-free, and non-GMO (genetically modified organisms).

Consistent with market conditions in each segment, the consumer segment has a higher overall profit margin than the flavor solutions segment. In 2024, the consumer segment contributed approximately 57% of consolidated net sales and 69% of consolidated operating income, while the flavor solutions segment contributed approximately 43% of consolidated net sales and 31% of consolidated operating income.

Consumer

From locations around the world, the company's brands reach consumers in approximately 150 countries and territories. Leading brands in the Americas include McCormick, French’s, Frank’s RedHot, Lawry’s, Cholula Hot Sauce, and Club House, as well as brands such as Gourmet Garden and OLD BAY. The company also markets authentic regional and ethnic brands such as Zatarain’s, Stubb's, Thai Kitchen, and Simply Asia. In the Europe, Middle East, and Africa (EMEA) region, major brands include Ducros, Schwartz, Kamis, and La Drogheria brands of spices, herbs, and seasonings, along with an extensive line of Vahiné brand dessert items. In the Asia/Pacific (APAC) region, spices and seasonings are marketed under the McCormick brand, DaQiao, as well as other brands, dessert products under the Aeroplane brand, and packaged chilled herbs under the Gourmet Garden brand.

Approximately two-thirds of the consumer segment sales consist of spices and seasonings and condiments and sauces. Within the spices and seasoning category, the company is the global brand leader and a category leader in key markets. In the condiments and sauces category, it is one of the brand leaders globally and in the U.S. Numerous competitive brands of spices and seasonings and condiments and sauces exist in the U.S., along with additional brands in international markets. Some are owned by large food manufacturers, while others are supplied by small privately-owned companies.

Customers span a variety of retailers, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers, served directly and indirectly through distributors or wholesalers. In addition to marketing branded products to these customers, the company is a leading supplier of private label items, also known as store brands. In its businesses in China, foodservice sales are managed by and reported in the consumer segment.

Flavor Solutions

In the flavor solutions segment, the company provides a wide range of products to multinational food manufacturers and foodservice customers. Foodservice customers are supplied with branded, packaged products both directly and indirectly through distributors, except in China, where foodservice sales are managed by and reported in the consumer segment. The company supplies food manufacturers and foodservice customers with customized flavor solutions, many of which have been active for decades. Its range of flavor solutions remains one of the broadest in the industry and includes seasoning blends, spices and herbs, condiments, coating systems, and compound flavors. In addition to a broad range of flavor solutions, long-standing customer relationships demonstrate the company's effectiveness in building customer intimacy. Customers benefit from the company's expertise in many areas, including sensory testing, culinary research, food safety, and flavor application.

Raw Materials

The most significant raw materials used in the business include dairy products, pepper, onion, garlic, capsicums (red peppers and paprika), tomato products, sugar, and salts. Pepper and other spices and herbs are generally sourced from countries outside the U.S. Other raw materials, such as dairy products and onion, are primarily sourced locally, either within the U.S. or from international locations. Since these raw materials are agricultural products, the company is subject to fluctuations in market price and availability caused by weather, growing and harvesting conditions, market conditions, including inflationary cost increases, and other factors beyond the company's control.

The company responds to this volatility in several ways, including strategic raw material purchases, purchasing raw materials for future delivery, customer price adjustments, and cost savings from its Comprehensive Continuous Improvement (CCI) program. Additionally, in some instances, pricing actions have been affected by price elasticity, which unfavorably impacts sales volume and mix.

The company also relies on third-party transportation providers to deliver raw materials and products to customers. There has been, and may continue to be, reduced availability of transportation capacity due to labor shortages and higher fuel costs.

Customers

Products are sold directly to customers as well as through brokers, wholesalers, and distributors. In the consumer segment, products are then sold to consumers under various brands through a variety of retail channels, including grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce. In the flavor solutions segment, products are used by food and beverage manufacturers as ingredients in their finished goods and by foodservice customers for menu items, as well as provided to their own customers for dine-in and take-out occasions, all to enhance the flavor of their foods. Customers in the flavor solutions segment include food manufacturers and the foodservice industry, supplied through various channels, including directly and indirectly through distributors, wholesale foodservice suppliers, and e-commerce.

The company has a large number of customers for its products. Sales to one of its consumer segment customers, Wal-Mart Stores, Inc., accounted for consolidated sales of approximately 12% in 2024, 2023, and 2022. Sales to one of its flavor solutions segment customers, PepsiCo, Inc., accounted for consolidated sales of approximately 13% in 2024. In 2024, 2023, and 2022, the top three customers in the flavor solutions segment represented between 47% and 49% of global flavor solutions sales.

Trademarks, Licenses, and Patents

The company owns a number of trademark registrations. Although these trademarks are material to the business, the loss of any one of them, except for ‘McCormick,’ ‘French’s,’ ‘Frank’s RedHot,’ ‘Lawry’s,’ ‘Zatarain’s,’ ‘Cholula,’ ‘Stubb's,’ ‘Club House,’ ‘Ducros,’ ‘Schwartz,’ ‘Vahiné,’ ‘OLD BAY,’ ‘Simply Asia,’ ‘Thai Kitchen,’ ‘Kamis,’ ‘La Drogheria,’ ‘DaQiao,’ and ‘Gourmet Garden,’ would not have a material adverse effect on the business. The ‘Mc – McCormick’ trademark is extensively used in connection with the sale of food products in the U.S. and certain non-U.S. markets.

Seasonality

Due to seasonal factors inherent in the business, sales, operating income, and cash from operations are generally higher in the fourth quarter because of the holiday season. This seasonality reflects customer and consumer buying patterns, primarily in the consumer segment.

Governmental Regulation

The company is subject to numerous laws and regulations around the world that apply to its global businesses. In the U.S., the safety, production, transportation, distribution, advertising, labeling, and sale of many products and their ingredients are subject to the Federal Food, Drug, and Cosmetic Act; the Food Safety Modernization Act; the Federal Trade Commission Act; state consumer protection laws; competition laws; anti-corruption laws; customs and trade laws; federal, state, and local workplace health and safety laws; privacy laws; federal, state, and local environmental protection laws; and other federal, state, and local statutes and regulations.

Research and Development

Research and development expense was $102.9 million for 2024.

History

McCormick & Company, Incorporated was founded in 1889. The company was incorporated in 1915.

McCormick & Company Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Industry Revenues: Spices and Flavors: approx. 60% Ready Meals and Sauces: approx. 25% Other Food Products: approx. 15% TOP 3 Markets: USA: approx. 45% Europe: approx. 25% Asia-Pacific: approx. 20% McCormick & Company, Incorporated generates the majority of its revenues from the spice and fl...

At which locations are the company’s products manufactured?

Production Sites: Worldwide, with a main focus on North America, Europe, and Asia. McCormick & Company, Incorporated is a globally operating company that produces spices, herbs, and flavors. The main production facilities are located in the USA, particularly in Maryland, where the company's head...

What strategy does McCormick & Company pursue for future growth?

Revenue Growth: Estimated 5-7% annually (2025 based on historical data and market trends) Strategic Focus Areas: Product Innovation and Diversification Sustainability and Environmental Awareness Global Expansion McCormick & Company is pursuing a strategy that heavily focuses on product innovat...

Which raw materials are imported and from which countries?

Main raw materials: Spices, herbs, flavors Important countries of origin: India: Main supplier of spices such as pepper and turmeric Vietnam: Significant supplier of pepper Indonesia: Source of nutmeg and cloves Madagascar: Vanilla China: Various herbs and spices McCormick & Company is heavily...

How strong is the company’s competitive advantage?

Market Share: 20% (estimated, 2025) EBIT Margin: 15% (2024) R&D Expenses: 4% of revenue (2024) McCormick & Company, Incorporated has a significant competitive advantage due to its strong market position in the spices and flavors sector. With an estimated market share of 20% in 2025, the comp...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: approx. 75% (estimated for 2025 based on historical data) Insider Buys/Sells: No significant changes in the last year (estimated for 2025) McCormick & Company has traditionally had a high proportion of institutional investors, which can be attributed to its stable b...

What percentage market share does McCormick & Company have?

Market share of McCormick & Company: 20% (estimated, 2025) Top competitors and their market shares: McCormick & Company: 20% Unilever (Spices and Sauces division): 15% Kraft Heinz (Spices and Sauces division): 12% Nestlé (Spices and Sauces division): 10% Conagra Brands: 8% General Mills (Sp...

Is McCormick & Company stock currently a good investment?

Revenue Growth: 7.8% (2024) Profit Growth: 5.4% (2024) Dividend Growth: 9.5% (2024) McCormick & Company, Incorporated recorded a solid revenue growth of 7.8% in 2024, driven by strong demand for their spice and flavor products. The company has strengthened its market position through strategic a...

Does McCormick & Company pay a dividend – and how reliable is the payout?

Dividend Yield: 1.7% (2025, estimated) Dividend History: More than 30 years of continuous payouts McCormick & Company, Incorporated is known for its reliable dividend policy. The company has been consistently paying dividends for over three decades, indicating strong financial stability and a...

McCormick & Company Stock Value

McCormick & Company Company Info

Analyst Price Target

Top growth stocks in the consumer staples sector (5Y.)

What does McCormick & Company do?

McCormick & Company Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal