McCormick & Company, Incorporat (NYSE:MKC):
McCormick Declares $0.43 Quarterly Dividend.
The company is now up by 0.92% since yesterday’s close of $96.66.
McCormick & Company, Incorporat declared a dividend which was paid on Monday July 25th, 2016. The dividend was $0.430 per share for the quarter or $1.72 on an annualized basis. This dividend amount was represent a yeild of $1.78. The ex-dividend date was Thursday the 7th of July 2016.
The stock last traded at $97.55 which is just under the 50 day moving average which is $99.85 and which is a tad under the 200 day moving average of $99.16. The 50 day moving average was down $-2.30 or -2.30% and the 200 day average went down $-1.61 or -1.62%.
McCormick & Company, Incorporat’s P/E ratio is 28.93 and market capitalization is 12.35B. In the latest earnings report the EPS was $3.37 and is expected to be $3.75 for the current year with 126,650,000 shares outstanding. Next quarter’s EPS is expected be $1.32 with next year’s EPS anticipated to be $4.13.
Several ratings firms have issued ratings on MKC of late. September 23 investment analysts at Deutsche Bank maintained a company rating of “Buy” and raised the price expectation from $94.00 to $112.00. On June 23 the stock rating was upgraded to “Neutral” from “Sell” with a current price target of $102.00 by Citigroup.
Equity analyst Citigroup upgraded the stock and raised the price target on June 23 boosting the price target from $84.00 to $102.00 and setting the rating at “Neutral” which had previously been “Sell”. On March 30 Citigroup held the stock rating at “Sell” but raised the price target to $84.00 from $74.00.
On March 30 Bernstein maintained a stock rating of “Outperform” but raised the price expectation from $100.00 to $113.00. On February 24, 2016 UBS added the stock to its research portfolio setting a rating of “Neutral” and establishing a price target of $91.00.