187.00 +0.02 (0.01%)
After hours: 5:28PM EST
|Bid||183.05 x 800|
|Ask||191.10 x 900|
|Day's range||182.27 - 187.22|
|52-week range||112.23 - 211.07|
|Beta (5Y monthly)||0.46|
|PE ratio (TTM)||33.10|
|Earnings date||26 Jan 2021 - 01 Feb 2021|
|Forward dividend & yield||1.36 (0.73%)|
|Ex-dividend date||30 Dec 2020|
|1y target est||177.20|
Although shares of McCormick (NYSE: MKC) are 23% higher in 2020, an investor is trying to acquire 750,000 of them at a discount by launching a mini-tender offer at a price 4% below where they currently traded. The spice maker has recommended shareholders reject the offer, and investors would be wise to follow the advice. McCormick said it received notice TPC Capital launched a mini-tender offer for its stock at $176.38 per share, or 4.4% below the closing price on Nov. 13.
McCormick (MKC) announces plans to acquire Cholula with an aim to widen its product portfolio and accelerate growth in condiment platform.
Spice and flavorings maker McCormick & Co. (NYSE: MKC) announced Tuesday will acquire the Cholula hot sauce brand. Known for its signature wooden bottle cap, Cholula has been owned by private equity firm L Catterton since April 2019. McCormick said it will buy the parent of the Mexican-made hot sauce for $800 million in cash, adding to its lineup of well-known sauce brands.