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MKC · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is McCormick & Company, Incorporated Non-VTG CS (MKC) stock moving?
No news items were published about MKC in the last 14 days, so the picture rests on SEC filings and price data. On Oct 1 McCormick reported Q3 fiscal 2026 results and reaffirmed its 2026 outlook; the release text provided has no figures, so the strength of the quarter cannot be confirmed from the data. The Sep 28 8-K shows the audit committee dismissed Ernst & Young because the firm is not expected to remain independent after the anticipated closing of the Unilever transactions announced Mar 31, 2026. That closing is still ahead and its timing and terms are not in the data. Price action is weakening: the stock peaked at a 51.41 high on Nov 5 after a close of 50.48 on Nov 4 on 3.9M shares, then fell to a 46.72 close on Nov 10, the lowest close since Oct 28 (46.06). The Nov 10 close sits below its VWAP of 46.79. Volume was heavy on the down days, with 4.86M shares traded on Nov 9, the highest in the 30-day window. The 30-day trading range is roughly 45.40 to 51.41.
News behind the analysis
- McCormick Reports Solid Third Quarter Performance and Reaffirms 2026 OutlookQ3 fiscal 2026 results (quarter ended Aug 31, 2026) were released with the 2026 outlook reaffirmed. The filing text provided does not include the specific figures.
- Form 8-K: Item 4.01 Changes in Registrant's Certifying AccountantThe Audit Committee dismissed Ernst & Young LLP on Sep 24, citing expected loss of independence after the anticipated closing of the transactions with Unilever announced Mar 31, 2026.
- Form 10-Q quarterly reportQuarterly report for the period ended Aug 31, 2026, filed Oct 1. The text provided contains no details beyond the filing itself.
About McCormick & Company, Incorporated Non-VTG CS
McCormick, based in Hunt Valley, Maryland, is the world's largest spice and seasoning company. It owns brands like McCormick, French's, Frank's RedHot and Cholula, and it also makes custom flavors for other food companies and restaurants. The company took full control of McCormick de Mexico in January 2026 and has a pending deal to combine with Unilever's food business, which it expects to close around mid-2027.
How it makes money
Its Consumer segment, the larger part of the business, sells branded spices, herbs, seasonings, condiments and hot sauces through grocery stores and other retailers. Its Flavor Solutions segment sells seasonings and flavorings to food makers and restaurant chains. Sales were about $2.0 billion in fiscal Q3 2026, up about 17% from a year earlier. Most of that growth came from consolidating McCormick de Mexico; growth from the existing business was about 2%. The company also pays a quarterly dividend of about $0.48 per share.
What usually moves MKC
- Grocery sales volumes and pricing
- Costs of raw materials, freight and packaging
- Progress on the Unilever Foods deal and the McCormick de Mexico integration
- Foreign exchange and tariffs
- Interest rates' effect on defensive consumer-staples stocks