10 Best July Dividend Stocks to Buy

7. McCormick & Company, Incorporated (NYSE:MKC)

Ex-Dividend Date: July 6

On June 26, TD Cowen lowered its price recommendation on McCormick & Company, Incorporated (NYSE:MKC) to $60 from $64. It reiterated a Buy rating on the shares. Analyst Robert Moskow updated the firm’s model following the company’s second-quarter results. Management maintained its full-year guidance and said Americas Consumer volume is expected to return to positive growth in the fourth quarter as a result of its marketing initiatives.

Also on June 26, Bernstein lowered its price goal on McCormick to $68 from $77. It kept an Outperform rating on the stock. Analyst Alexia Howard said in a research note that while the recovery in the Flavor Solutions business could support performance for some time, the Consumer segment has been “underwhelming.”

McCormick & Company, Incorporated (NYSE:MKC) manufactures, markets, and distributes herbs, spices, seasonings, condiments, and flavors to the food and beverage industry, serving retailers, food manufacturers, and foodservice businesses.

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