McCormick & Company posts strong Q3 2026 results, signals dividend hike, and offers 24% stock upside.

McCormick & Company reported robust Q3 2026 results with double-digit net sales growth and earnings surpassing expectations, driven by its acquisition of McCormick de Mexico and strategic pricing. The company maintains a strong BBB credit rating and is expected to increase its dividend in November, continuing its 40-year streak of dividend growth. The stock currently trades at a discount to its revised fair value of $54 per share, presenting an estimated 24% upside potential through November 2027. With a 4.2% forward yield and sustainable dividend growth of 6%–7% annually, McCormick remains an attractive buy for income-focused investors.

McCormick & Company (MKC) trades near its 52-week low at USD 44.85 as of Oct 14, 2026 18:43 WIB, contrasting sharply with its 52-week high of USD 71.65. Despite this discount, the stock offers a dividend yield of 4.3%, slightly above the 4.2% forward yield mentioned in the news. Interestingly, Pluang order activity shows a full 100% sell sentiment, highlighting a cautious stance among investors on the platform currently.