McCormick & Company Incorporated (NYSE:MKC) had declared a cash dividend of $0.4700 on Nov 29, 2016. The shares will quote ex-dividend on Dec 28, 2016 and the record date has been fixed for Dec 30, 2016. On Nov 29, 2016 share price, the yield comes out to be 2.0351%. The dividend payable date has been fixed on Jan 17, 2017.
In a different note, On Sep 23, 2016, Deutsche Bank said it Maintains its rating on McCormick & Company Incorporated. In the research note, the firm Lowers the price-target to $113.00 per share. The shares have been rated ‘Buy’ by the firm.
McCormick & Company Incorporated (MKC) made into the market gainers list on Tuesdays trading session with the shares advancing 0.81% or 0.75 points. Due to strong positive momentum, the stock ended at $93.13, which is also near the day’s high of $93.31. The stock began the session at $92.41 and the volume stood at 5,51,432 shares. The 52-week high of the shares is $107.84 and the 52 week low is $78.45. The company has a current market capitalization of $11,741 M and it has 12,60,72,502 shares in outstanding.
McCormick & Company Incorporated(MKC) last announced its earnings results on Sep 30, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $1.09B. Analysts had an estimated revenue of $1.09B. Earnings per share were $1.03. Analysts had estimated an EPS of $0.95.
Several Insider Transactions has been reported to the SEC. On Oct 13, 2016, Freeman A Iii Hrabowski (director) sold 2,000 shares at $94.13 per share price.Also, On Jul 14, 2016, Gordon Mckenzie Jr Stetz (Executive Vice President & CFO) sold 38,900 shares at $105.17 per share price.On Jul 6, 2016, Patricia A Little (director) sold 3,750 shares at $107.22 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.