McCormick & Company, Incorporated (NYSE:MKC) Given Price Target Of $90.2


As per McCormick & Company, Incorporated (NYSE:MKC)’s news release on 2016-03-30, its shareholders will get cash dividend of $0.43 per share. The recent press release updated on the record date and payout date, which stands at 2016-04-11 and 2016-04-25, respectively.

The stock of McCormick & Company, Incorporated (NYSE:MKC) will commence trading ex-dividend from 2016-04-07, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year McCormick & Company, Incorporated (NYSE:MKC) disbursed $1.66 in dividend compared to distribution of $1.48, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 8.1081%.

The past track record of five years substantiates that the average payout of McCormick & Company, Incorporated (NYSE:MKC) stands at $1.36, implying 8.9977% growth. The company recorded earnings of $0.75 a share in the preceding fiscal.

The interim price target for McCormick & Company, Incorporated (NYSE:MKC) is set at $90.2. This level is the mean price reached by averaging the stock views of 5 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $105 and the lowest level is established at 76. This broad range highlights a standard deviation of $11.945 in reported estimates.

AlphaOne has allotted A sentiment score of 0.28 to McCormick & Company, Incorporated (NYSE:MKC) while impact score assigned is 0 as on as on 2016-06-15.

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