McCormick gains majority stake in McCormick de Mexico
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
McCormick & Company ( (MKC) ) has issued an announcement.
On January 2, 2026, McCormick & Company completed the acquisition of an additional 25% ownership stake in its long-standing joint venture McCormick de Mexico S.A. de C.V. from Grupo Herdez for $750 million, raising its interest to 75% and securing majority control of the business formed in 1947. Funded through cash on hand and commercial paper, the deal is positioned to strengthen McCormick’s global flavor leadership, deepen its presence in the attractive Mexican market, and create a strategic platform for broader expansion across Latin America, with management highlighting the move as part of its strategy to drive shareholder value through acquisitions while expecting accretion to key financial metrics and only minimal impact on leverage.
The most recent analyst rating on (MKC) stock is a Buy with a $87.00 price target. To see the full list of analyst forecasts on McCormick & Company stock, see the MKC Stock Forecast page.
Spark’s Take on MKC Stock
According to Spark, TipRanks’ AI Analyst, MKC is a Outperform.
McCormick & Company’s overall stock score reflects strong financial performance and strategic initiatives to counter cost pressures. While technical indicators and valuation suggest caution, the company’s focus on innovation and volume-led growth supports a positive outlook. Challenges such as rising costs and regional market softness are notable risks.
To see Spark’s full report on MKC stock, click here.
More about McCormick & Company
McCormick & Company, Incorporated is a global leader in flavor, generating over $6.7 billion in annual sales across 150 countries and territories. The company manufactures, markets, and distributes herbs, spices, seasonings, condiments and flavors to retailers, food manufacturers and foodservice businesses through its Consumer and Flavor Solutions segments, supported by a broad portfolio of brands including McCormick, French’s, Frank’s RedHot, Cholula and OLD BAY, and is headquartered in Hunt Valley, Maryland.
Average Trading Volume: 2,618,603
Technical Sentiment Signal: Sell
Current Market Cap: $18.28B
For an in-depth examination of MKC stock, go to TipRanks’ Overview page.
