McCormick & said on March 29, 2023 that its board of directors declared a regular
quarterly dividend of $0.39 per share ($1.56 annualized).
Previously, the company paid $0.39 per share.
Shares must be purchased before the ex-div date of April 6, 2023 to qualify for the dividend.
Shareholders of record as of April 10, 2023
will receive the payment on April 24, 2023.
At the current share price of $79.93 / share,
the stock’s dividend yield is 1.95%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.72%,
the lowest has been 1.30%,
and the highest has been 2.67%.
The standard deviation of yields is 0.31 (n=215).
The current dividend yield is
0.74 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.55.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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Analyst Price Forecast Suggests 1.86% Downside
As of March 31, 2023,
the average one-year price target for McCormick & is $78.44.
The forecasts range from a low of $64.09 to a high of $95.19.
The average price target represents a decrease of 1.86% from its latest reported closing price of $79.93.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for McCormick &
is $6,771MM, an increase of 5.90%.
The projected annual non-GAAP EPS
is $2.60.
What is the Fund Sentiment?
There are 76 funds or institutions reporting positions in McCormick &.
This is an increase
of
8
owner(s) or 11.76% in the last quarter.
Average portfolio weight of all funds dedicated to MKC.V is 0.04%,
an increase
of 6.67%.
Total shares owned by institutions increased
in the last three months by 130.12% to 1,355K shares.
What are Large Shareholders Doing?
Dearborn Partners
holds 505K shares
representing 0.19% ownership of the company.
Brown Advisory
holds 189K shares
representing 0.07% ownership of the company.
In it’s prior filing, the firm reported owning 31K shares, representing
an increase
of 83.47%.
The firm
increased
its portfolio allocation in MKC.V by 548.62% over the last quarter.
Colony Group
holds 150K shares
representing 0.06% ownership of the company.
No change in the last quarter.
Kinneret Advisory
holds 58K shares
representing 0.02% ownership of the company.
In it’s prior filing, the firm reported owning 7K shares, representing
an increase
of 87.80%.
The firm
increased
its portfolio allocation in MKC.V by 812.53% over the last quarter.
WMS Partners
holds 56K shares
representing 0.02% ownership of the company.
No change in the last quarter.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
