McCormick & Company Buyback
OLI recorded this information on 4/4/2013
Company:
McCormick & Company
Buyback:
MKC buyback
$Amount Authorized:
$400,000,000
Buyback Details:
The Board of Directors also authorized a new share repurchase program. Under the new program, McCormick is authorized to purchase up to $400 million of its outstanding shares. In 2013, the company expects to complete the current $400 million share repurchase program which was authorized in June 2010.
McCormick & Co. manufactures, markets and distributes spices, seasoning mixes, condiments and other flavor products to the food industry- retailers, food manufacturers and foodservice businesses. Co. also is partner in a number of joint ventures that are involved in the manufacture and sale of flavor products. Co. operates in the following business segments: Consumer, in which Co. markets its products to customers and supplies private label items, also known as store brands; and Flavor Solutions, which provides a range of flavor solutions including seasoning blends, spices and herbs, condiments, coating systems, and compound flavors.
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Avg. Broker Rec.
  
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Hold (1.57 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: MKC Stock Forecast Based on Zacks ABR data; powered by Xignite |
