McCormick & Company Incorporated (NYSE:MKC) had declared a cash dividend of $0.4300 on Jun 28, 2016. The shares will quote ex-dividend on Jul 7, 2016 and the record date has been fixed for Jul 11, 2016. On Jun 28, 2016 share price, the yield comes out to be 1.6859%. The dividend payable date has been fixed on Jul 25, 2016.
In a different note, On Jun 23, 2016, Citigroup said it Upgrades its rating on McCormick & Company Incorporated. In the research note, the firm Raises the price-target to $85.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 19, 2016, Credit Suisse said it Reinstates its rating on McCormick & Company Incorporated. The shares have been rated ‘Neutral’ by the firm.
McCormick & Company Incorporated (MKC) shares turned negative on Fridays trading session with the shares closing down -0.8 points or -0.75% at a volume of 12,20,793. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $107.09. The peak price level was also seen at $107.09 while the days lowest was $105.7337. Finally the shares closed at $105.87. The 52-week high of the shares is $107.16 while the 52-week low is $75.68. According to the latest information available, the market cap of the company is $13,438 M.
McCormick & Company Incorporated(MKC) last announced its earnings results on Mar 29, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.03B. Analysts had an estimated revenue of $1.03B. Earnings per share were $0.74. Analysts had estimated an EPS of $0.69.
Several Insider Transactions has been reported to the SEC. On May 23, 2016, Nneka Louise Rimmer (Sr. VP Corp Strategy & Develop) sold 560 shares at $96.00 per share price.Also, On May 5, 2016, Malcolm Swift (President Global Industrial &) sold 26,950 shares at $95.01 per share price.On Apr 20, 2016, Gordon Mckenzie Jr Stetz (Executive Vice President & CFO) sold 37,000 shares at $95.03 per share price, according to the Form-4 filing with the securities and exchange commission.
McCormick & Company Incorporated manufactures markets and distributes spices seasoning mixes condiments and other flavorful products to the food industry. The Company has two business segments: consumer and industrial. Under the Consumer segment its brands in the Americas include McCormick Lawry’s and Club House. It also markets ethnic brands such as Zatarain’s Thai Kitchen and Simply Asia. In Europe the Middle East and Africa (EMEA) its brands include the Ducros Schwartz and Kamis brands of spices herbs and seasonings and a line of Vahine brand dessert items. In the Asia/Pacific region it markets products under the McCormick and DaQiao brands. In Australia it markets products under the McCormick brand. In India its majority-owned joint venture owns and trades under the Kohinoor brand. In the industrial business segment it offers seasoning blends spices and herbs condiments coating systems and compound flavors to food manufacturers and foodservice customers.