SEB Asset Management AB Purchases New Shares in McCormick & Company, Incorporated $MKC

Posted by Brenda Bartman on Jul 24th, 2026

SEB Asset Management AB purchased a new position in McCormick & Company, Incorporated (NYSE:MKC – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 52,949 shares of the company’s stock, valued at approximately $2,671,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Deseret Mutual Benefit Administrators raised its stake in shares of McCormick & Company, Incorporated by 67.8% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 406 shares of the company’s stock valued at $28,000 after acquiring an additional 164 shares during the period. Glen Eagle Advisors LLC lifted its holdings in shares of McCormick & Company, Incorporated by 42.5% in the 4th quarter. Glen Eagle Advisors LLC now owns 570 shares of the company’s stock worth $39,000 after acquiring an additional 170 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of McCormick & Company, Incorporated by 10.5% during the 4th quarter. Van ECK Associates Corp now owns 1,795 shares of the company’s stock worth $122,000 after purchasing an additional 171 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of McCormick & Company, Incorporated by 10.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,910 shares of the company’s stock worth $131,000 after purchasing an additional 176 shares during the period. Finally, Modern Wealth Management LLC boosted its stake in shares of McCormick & Company, Incorporated by 5.9% during the 2nd quarter. Modern Wealth Management LLC now owns 3,258 shares of the company’s stock worth $247,000 after purchasing an additional 181 shares during the period. 79.74% of the stock is owned by hedge funds and other institutional investors.

McCormick & Company, Incorporated Trading Down 3.5%

MKC opened at $50.22 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.78 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $49.23 and its two-hundred day moving average is $55.85. The company has a market capitalization of $13.50 billion, a P/E ratio of 8.36, a PEG ratio of 2.60 and a beta of 0.63. McCormick & Company, Incorporated has a 52 week low of $44.82 and a 52 week high of $73.84.

McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last issued its earnings results on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.11. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 EPS. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. Analysts forecast that McCormick & Company, Incorporated will post 3.09 earnings per share for the current year.

McCormick & Company, Incorporated Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, July 6th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, July 6th. McCormick & Company, Incorporated’s dividend payout ratio is presently 31.95%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MKC. TD Cowen reduced their price objective on shares of McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. HSBC dropped their target price on McCormick & Company, Incorporated from $69.00 to $55.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. Jefferies Financial Group dropped their price objective on McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, June 4th. JPMorgan Chase & Co. cut their price objective on McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Finally, Barclays reduced their target price on McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, June 26th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.50.

Get Our Latest Stock Report on McCormick & Company, Incorporated

McCormick & Company, Incorporated Profile

(Free Report)

McCormick & Company, Incorporated (NYSE: MKC) is a global leader in spices, seasonings and flavor solutions. Headquartered in Hunt Valley, Maryland, the company traces its origins to the late 19th century and has grown into a major manufacturer and marketer of branded and private‑label flavor products for consumer, industrial and foodservice markets.

McCormick’s product portfolio includes pure spices and herbs, blended seasonings, marinades, rubs, sauces, extracts and specialty flavorings, along with ingredient systems and custom flavor development for manufacturers and foodservice operators.