McCormick declares $0.42 dividend
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In its more-than 130-year history, McCormick has grown to become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. Beyond end consumers, McCormick's customer base also includes top quick-service restaurants, retail grocery chains, and other packaged food and beverage manufacturers. And its reach is global, with nearly 40% of sales generated beyond its home turf to include 150 other countries and territories. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and Cholula, among others.
Mccormick trades on the NYSE stock market under the symbol MKC.
As of March 28, 2024, MKC stock price climbed to $76.83 with 603,442 million shares trading.
MKC has a beta of 0.51, meaning it tends to be less sensitive to market movements. MKC has a correlation of 0.05 to the broad based SPY ETF.
MKC has a market cap of $20.62 billion. This is considered a Large Cap stock.
Last quarter Mccormick reported $2 billion in Revenue and $.63 earnings per share. This beat revenue expectation by $43 million and exceeded earnings estimates by $.05.
In the last 3 years, MKC stock traded as high as $107.35 and as low as $59.13.
The top ETF exchange traded funds that MKC belongs to (by Net Assets): VTI, VOO, VO, SPY, SDY.
MKC stock has underperformed the market in the last year with a return of +5.9%, while SPY returned +33.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MKC shares. However, MKC has outperformed the market in the last 3 month and 2 week periods, returning +14.0% and +11.9%, while SPY returned +10.2% and +1.8%, respectively. This indicates MKC has been having a stronger performance recently.
MKC support price is $75.10 and resistance is $76.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MKC stock will trade within this expected range on the day.