McCormick & Company, Incorporated·Consumer Defensive

HUNT VALLEY, Md., May 26, 2026 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today announced that Cindy Hoots, former Chief Digital Officer & CIO, AstraZeneca PLC, has been appointed to the Board of Directors of McCormick effective June 1, 2026.

McCormick & Company is upgraded to Buy as valuation now offers a solid margin of safety and long-term re-rating potential. Q1 results showed a double-beat, with 16.7% YoY revenue growth driven by the McCormick de Mexico acquisition and positive organic performance. The Unilever food unit deal solidifies MKC's industry leadership, $600M in synergies by year 3, and improved global presence despite near-term leverage.

McCormick & Company is rated 'Buy' due to resilient brands, margin expansion, and a compelling 4% dividend yield at depressed valuations. MKC's planned $45B merger with Unilever's food business is expected to drive 3–5% revenue growth and $600M in run-rate synergies. Despite near-term volume pressures, MKC's pricing power and alignment with health trends support durable growth and expanding operating margins.

Northrop Grumman, Home Depot, and McCormick & Company offer attractive risk/reward after significant underperformance versus the AI-driven market. NOC benefits from defense spending tailwinds, a robust order book, and a 1.7% yield, trading at 21x earnings with high-single-digit EPS growth expected. HD trades below its historical average P/E, maintains resilient guidance, and offers a 3.1% yield, with upside potential as housing stabilizes.

HUNT VALLEY, Md., May 18, 2026 McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, will be participating in Deutsche Bank's annual dbAccess Global Consumer Conference at 4:30 PM CEST/10:30 AM ET, on Tuesday, June 2, 2026.

Two $40,000 Charles Perry McCormick Scholarships Awarded to Tempris Harrison from Frederick Douglass High School and Avery Ray from Franklin High School HUNT VALLEY, Md., May 14, 2026 /PRNewswire/ -- McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, announced Tempris Harrison from Frederick Douglass High School and Avery Ray from Franklin High School as the 95th and 96th recipients of its Charles Perry McCormick scholarships, worth $40,000 each over four years.
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as condiments and sauces, and desserts. This segment markets its products under the McCormick, French's, Frank's RedHot, Lawry's Cholula Hot Sauce, Gourmet Garden, Club House, and OLD BAY brands in the Americas; Ducros, Schwartz, Kamis, and Drogheria & Alimentari, and Vahiné brands in Europe, the Middle East, and Africa; McCormick and DaQiao brands in China; and McCormick, Aeroplane, and Gourmet Garden brands in Australia, as well as markets regional and ethnic brands, such as Zatarain's, Stubb's, Thai Kitchen, and Simply Asia. It also supplies its products under the private labels. This segment serves retailers comprising grocery, mass merchandise, warehouse clubs, discount and drug stores, and e-commerce retailers directly and indirectly through distributors and wholesale foodservice suppliers. The Flavor Solutions segment offers seasoning blends, spices and herbs, condiments, coating systems, and compound flavors to multinational food manufacturers and foodservice customers. It serves foodservice customers directly and indirectly through distributors. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland.
Consumer Defensive
Packaged Foods
14,100
1999-04-26
0.67