• Bernstein sets a price target of $85 for MKC, indicating a potential increase of approximately 38.89%.
• Despite an EPS miss, McCormick reports a slight revenue beat with Q4 revenue increasing by 2.9% year-over-year to $1.85 billion.
• The company's gross margin is under pressure, but cost-saving measures provide some relief, with mixed guidance for FY26.

McCormick & Company, Inc. (NYSE:MKC) is a global leader in the production and distribution of spices, seasoning mixes, and condiments. The company operates in two segments: Consumer and Flavor Solutions. McCormick faces competition from other major players in the food industry, such as Kraft Heinz and Unilever. Despite challenges, McCormick remains a key player in the market.

On January 23, 2026, Bernstein set a price target of $85 for MKC, suggesting a potential increase of approximately 38.89% from its current trading price of $61.20. This optimistic outlook comes despite recent challenges faced by the company, including a decline in share price following a Q4 earnings report that revealed an EPS miss. This was only the second miss in the past three years.

Despite the EPS miss, McCormick reported a slight revenue beat, with Q4 revenue increasing by 2.9% year-over-year to $1.85 billion. This revenue growth was driven by the Consumer segment, which saw a 4.0% year-over-year sales increase to $1.13 billion. Organic growth in this segment was supported by a 2% rise in pricing and a 1% increase in volume and mix.

The company's gross margin faced pressure from rising commodity costs, tariffs, and investments in capacity expansion. However, cost-saving measures provided some relief. McCormick's mixed guidance for FY26 indicates lower EPS expectations but higher revenue forecasts, potentially influenced by its recent acquisition of a controlling interest in McCormick de Mexico.

Currently, MKC's stock is priced at $61.20, reflecting a decrease of $5.36 or approximately 8.05% in its value. The stock has fluctuated between a low of $60.60 and a high of $65.70 today. Over the past year, MKC has reached a high of $86.24 and a low of $60.59. The company's market capitalization stands at approximately $16.42 billion, with a trading volume of 15,671,845 shares on the NYSE.