McCormick & Company, Incorporated (NYSE:MKC) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, January 23rd. Analysts expect the company to announce earnings of $1.51 per share for the quarter.

McCormick & Company, Incorporated (NYSE:MKC) opened at $99.19 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.47 and a current ratio of 0.95. The firm has a market capitalization of $12,990.00, a P/E ratio of 27.48, a PEG ratio of 2.32 and a beta of 0.53. McCormick & Company, Incorporated has a 52 week low of $90.25 and a 52 week high of $106.50.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.10%. This is an increase from McCormick & Company, Incorporated’s previous quarterly dividend of $0.47. The ex-dividend date was Thursday, December 28th. McCormick & Company, Incorporated’s dividend payout ratio is presently 57.62%.

In related news, Director Michael D. Mangan sold 5,000 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $99.50, for a total value of $497,500.00. Following the completion of the transaction, the director now directly owns 18,825 shares of the company’s stock, valued at approximately $1,873,087.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Maritza Gomez Montiel sold 2,500 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $96.26, for a total value of $240,650.00. The disclosure for this sale can be found here. 15.30% of the stock is currently owned by corporate insiders.

MKC has been the subject of several research analyst reports. Zacks Investment Research raised McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Monday, October 2nd. Jefferies Group set a $120.00 target price on McCormick & Company, Incorporated and gave the stock a “buy” rating in a research note on Monday, October 30th. Credit Suisse Group set a $115.00 target price on McCormick & Company, Incorporated and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $103.00 target price (up from $95.00) on shares of McCormick & Company, Incorporated in a research note on Monday, October 2nd. Finally, Citigroup upped their target price on McCormick & Company, Incorporated from $100.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $106.22.

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McCormick & Company, Incorporated Company Profile

McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.

Earnings History for McCormick & Company, Incorporated (NYSE:MKC)

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