StockNYSE · US · USDConsumer Defensive · Packaged Foods
$MKC
MCCORMICK & CO INC
McCormick manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to retailers, food manufacturers, and foodservice businesses. It operates two segments: Consumer and Flavor Solutions. Consumer sells branded and private label products through retail channels in approximately 150 countries and territories. Its brands include McCormick, French’s, Frank’s RedHot, Lawry’s, Cholula, Club House, and Gourmet Garden. Flavor Solutions supplies customized products, including seasoning blends, spices and herbs, condiments, coating systems, and compound flavors, to multinational food manufacturers and foodservice customers. McCormick also participates in joint ventures, including McCormick de Mexico, which sells products such as mayonnaise, spices, marmalades, mustard, hot sauce, and tea under McCormick brands. The company’s major sales, distribution, and production facilities are in North America, Europe, and China, with additional facilities in Australia, Central America, Thailand, and South Africa. Its principal corporate website is in Hunt Valley, Maryland.
Goldman Sachs and Houlihan Lokey led consumer-sector M&A in Q1–Q3 2026. Goldman advised on $57.14bn deals, up 428.2% YoY, boosted by Unilever's $44.8bn foods business deal with McCormick. Houlihan led in volume with 19 deals. Citi, Morgan Stanley, Rothschild & Co., and Bank of America also ranked high in value or volume.
McCormick's $44.8B acquisition of Unilever's food division cleared a key US antitrust hurdle, but faces ongoing UK regulatory review. The deal, announced in March, would create a $20B revenue company. Unilever shareholders will control 65% of the combined entity, with McCormick retaining 35%. The transaction is expected to close by mid-2027, subject to approvals and conditions.
McCormick (MKC) shares are down 42.5% from their 2025 high, trading at a level that may indicate a potential opportunity or concerns about future shrinkage. The company's free cash flow was $926 million for the year ending August 31, 2026, up from $655 million a year earlier. Revenue grew 13.2% over the last twelve months, but organic growth was only 2%. Management expects cost inflation of 6% to 7% for fiscal 2026, which may impact gross margins.
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MKC sentiment & insider activity
Over the past 7 days, AlphAI's AI scored 1 news story mentioning MKC (MCCORMICK & CO INC). Coverage has skewed bullish: 1 bullish, 0 neutral, and 0 bearish.
Deal announcement is likely to be viewed positively for MKC’s emerging-market food business, but closing risk from regulatory approvals can cap upside.
AlphAI scores every news story that mentions MKC with an AI model for sentiment and relevance, and aggregates insider trades from MCCORMICK & CO INC's SEC EDGAR Form 4 filings. Figures refresh continuously.
Goldman Sachs and Houlihan Lokey led consumer-sector M&A in Q1–Q3 2026. Goldman advised on $57.14bn deals, up 428.2% YoY, boosted by Unilever's $44.8bn foods business deal with McCormick. Houlihan led in volume with 19 deals. Citi, Morgan Stanley, Rothschild & Co., and Bank of America also ranked high in value or volume.
McCormick's $44.8B acquisition of Unilever's food division cleared a key US antitrust hurdle, but faces ongoing UK regulatory review. The deal, announced in March, would create a $20B revenue company. Unilever shareholders will control 65% of the combined entity, with McCormick retaining 35%. The transaction is expected to close by mid-2027, subject to approvals and conditions.
McCormick (MKC) shares are down 42.5% from their 2025 high, trading at a level that may indicate a potential opportunity or concerns about future shrinkage. The company's free cash flow was $926 million for the year ending August 31, 2026, up from $655 million a year earlier. Revenue grew 13.2% over the last twelve months, but organic growth was only 2%. Management expects cost inflation of 6% to 7% for fiscal 2026, which may impact gross margins.
McCormick & Company plans to acquire 76.55% of Unilever Pakistan Foods, subject to regulatory approval. The deal is part of a broader transaction for Unilever's global food business, announced in March 2026. McCormick aims to acquire 4.88 million shares, with the transaction expected to create a group with $20 billion in annual revenue.
Unilever reported €50.5B in 2025 turnover, demerged its ice cream business, and agreed to merge its food business with McCormick. The company is focusing on beauty, personal care, and home care, with CEO Fernando Fernandez leading the shift. Unilever guided to 4-6% underlying sales growth for 2026, with Power Brands accounting for 78% of 2025 turnover.
McCormick (MKC) plans a $45B merger with Unilever's (UL) food business, creating a company with $20B annual sales. Sen. Warren warns of potential grocery price increases, while Jim Cramer criticizes the high valuation. The deal faces U.K. regulatory review and aims to close in mid-2027, with expected $600M annual cost savings.
McCormick & Company (MKC) offers a 4.3% dividend yield, supported by 40 years of consecutive increases. Q3 2026 sales rose 17.4% to $2.02B, with adjusted EPS at $0.86. The company's forward P/E is 14.3, reflecting investor caution on growth and acquisitions. Dividend sustainability depends on earnings growth and cash flow management, with a payout ratio around 61-63% for 2026.
The S&P 500 near record highs contrasts with household struggles due to rising costs. Consumer sentiment fell to 46.3 in October, a five-month low. PepsiCo (PEP) and McCormick (MKC) reported weak demand, with PEP cutting its profit outlook. Household debt exceeds $18 trillion, savings rates are low, and wages lag inflation.
Insiders at Gap (GPS), AFLAC (AFL), GoDaddy (GDDY), McCormick (MKC), and Wabtec (WAB) made notable trades. Gap's director sold 933,656 shares ($22.07M), AFLAC's major shareholder sold 38,250 shares ($4.30M), GoDaddy's exec sold 644 shares ($62,390), McCormick's director bought 1,000 shares ($44,610), and Wabtec's CEO sold 2,174 shares ($635,341).
McCormick raised its FY2026 inflation forecast to 7%, citing freight and logistics costs due to the Iran war. The FAO food price index hit its highest since 2022. Food safety confidence in the U.S. fell to a record low of 65%. McCormick's $44.8B Unilever acquisition cleared FTC review, and Sargento acquired La Terra Fina.