|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||89.23 - 91.04|
|52 Week Range||77.85 - 107.35|
|Beta (5Y Monthly)||0.49|
|PE Ratio (TTM)||35.50|
|Forward Dividend & Yield||1.48 (1.64%)|
|Ex-Dividend Date||Jul 08, 2022|
|1y Target Est||N/A|
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Del Monte Foods Inc. has paid $99 million for the assets of McCormick & Co. Inc.'s Kitchen Basics line of ready-to-use stocks and broths, a deal that Del Monte said was done through an auction process and negotiations between the two companies. Del Monte Foods, the U.S. subsidiary of Del Monte Pacific Limited, in announcing the sale on Thursday said buying the brand from Hunt Valley-based McCormick enables it to expand its retail presence in the ready-to-use stock and broth category. McCormick (NYSE: MCK) first acquired Kitchen Basics, a company founded in 1996, in 2011 for $40 million.
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