McCormick & Company, Incorporated (MKC) to Release Earnings on Thursday

McCormick & Company, Incorporated (NYSE:MKC) is expected to announce its Q2 2025 earnings results before the market opens on Thursday, June 26th. Analysts expect the company to announce earnings of $0.67 per share and revenue of $1.67 billion for the quarter.

McCormick & Company, Incorporated (NYSE:MKC) last announced its quarterly earnings data on Tuesday, March 25th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). McCormick & Company, Incorporated had a net margin of 11.67% and a return on equity of 14.63%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the company posted $0.63 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts expect McCormick & Company, Incorporated to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

McCormick & Company, Incorporated Trading Down 0.3%

Shares of MKC opened at $74.64 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.25 and a debt-to-equity ratio of 0.57. McCormick & Company, Incorporated has a 12-month low of $66.88 and a 12-month high of $86.24. The firm has a 50-day moving average price of $74.27 and a 200 day moving average price of $76.77. The firm has a market capitalization of $20.02 billion, a P/E ratio of 25.65, a P/E/G ratio of 3.77 and a beta of 0.68.

McCormick & Company, Incorporated Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, July 7th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.41%. McCormick & Company, Incorporated’s dividend payout ratio is currently 61.86%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MKC. Citigroup dropped their price objective on shares of McCormick & Company, Incorporated from $80.00 to $77.00 and set a “neutral” rating for the company in a report on Tuesday, June 17th. Argus lowered shares of McCormick & Company, Incorporated from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Finally, UBS Group began coverage on shares of McCormick & Company, Incorporated in a report on Monday, June 16th. They issued a “neutral” rating and a $83.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, McCormick & Company, Incorporated presently has an average rating of “Hold” and an average target price of $84.13.

Insiders Place Their Bets

In other news, insider Katherine Jenkins sold 7,642 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $76.38, for a total transaction of $583,695.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lawrence Erik Kurzius sold 50,000 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $81.81, for a total transaction of $4,090,500.00. Following the sale, the director now directly owns 247,437 shares in the company, valued at $20,242,820.97. This represents a 16.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,392 shares of company stock valued at $4,898,101 over the last 90 days. 23.80% of the stock is owned by company insiders.

Institutional Trading of McCormick & Company, Incorporated

Several hedge funds have recently made changes to their positions in MKC. Empowered Funds LLC lifted its position in shares of McCormick & Company, Incorporated by 19.0% during the first quarter. Empowered Funds LLC now owns 5,903 shares of the company’s stock worth $486,000 after purchasing an additional 941 shares in the last quarter. Woodline Partners LP lifted its position in shares of McCormick & Company, Incorporated by 40.9% during the first quarter. Woodline Partners LP now owns 21,334 shares of the company’s stock worth $1,756,000 after purchasing an additional 6,189 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of McCormick & Company, Incorporated by 2.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,678 shares of the company’s stock worth $2,854,000 after purchasing an additional 925 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.

About McCormick & Company, Incorporated

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.