McCormick & Company, Incorporated (MKC) Plans Quarterly Dividend of $0.37
McCormick & Company, (NYSE:MKC) declared a quarterly dividend on Wednesday, June 25th, Analyst Ratings Net reports. Stockholders of record on Monday, July 7th will be given a dividend of 0.37 per share on Monday, July 21st. This represents a $1.48 dividend on an annualized basis and a yield of 2.08%.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of McCormick & Company, in a research note on Monday, June 2nd. They now have a $70.00 price target on the stock, up previously from $67.00. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of McCormick & Company, in a research note on Friday, May 2nd. They now have a $75.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of McCormick & Company, from $68.00 to $69.00 in a research note on Monday, April 14th. Six analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $72.00.
McCormick & Company, (NYSE:MKC) traded down 0.17% during mid-day trading on Wednesday, hitting $71.18. 563,783 shares of the company’s stock traded hands. McCormick & Company, has a 52 week low of $62.75 and a 52 week high of $73.79. The stock has a 50-day moving average of $71.64 and a 200-day moving average of $69.2. The company has a market cap of $9.289 billion and a P/E ratio of 24.07.
McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry, retail outlets, food manufacturers and foodservice businesses.
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