The stock of McCormick & Company Incorporated (MKC) has seen a -2.49% decrease in the past week, with a -7.36% drop in the past month, and a -15.30% decrease in the past quarter. The volatility ratio for the week is 1.38%, and the volatility levels for the past 30 days are at 1.48% for MKC. . The simple moving average for the past 20 days is -3.07% for MKC’s stock, with a -5.42% simple moving average for the past 200 days.
Is It Worth Investing in McCormick & Company Incorporated (NYSE: MKC) Right Now?
McCormick & Company Incorporated (NYSE: MKC) has a price-to-earnings ratio that is above its average at 30.36x. and a 36-month beta value of 0.59. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 2 as “sell.”
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The average price predicted for McCormick & Company Incorporated (MKC) by analysts is $86.92, which is $10.1 above the current market price. The public float for MKC is 263.61M, and at present, short sellers hold a 2.55% of that float. On September 20, 2023, the average trading volume of MKC was 1.36M shares.
MKC) stock’s latest price update
The stock of McCormick & Company Incorporated (NYSE: MKC) has decreased by -1.50 when compared to last closing price of 79.92.Despite this, the company has seen a loss of -2.49% in its stock price over the last five trading days. Zacks Investment Research reported 2023-09-18 that Continuous inflationary pressure calls for watching closely stocks such as Mondelez International (MDLZ), Hershey (HSY), and McCormick & Company (MKC) as they provide a natural hedge against inflation.
Analysts’ Opinion of MKC
Many brokerage firms have already submitted their reports for MKC stocks, with TD Cowen repeating the rating for MKC by listing it as a “Market Perform.” The predicted price for MKC in the upcoming period, according to TD Cowen is $87 based on the research report published on September 13, 2023 of the current year 2023.
MKC Trading at -6.97% from the 50-Day Moving Average
After a stumble in the market that brought MKC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.60% of loss for the given period.
Volatility was left at 1.48%, however, over the last 30 days, the volatility rate increased by 1.38%, as shares sank -5.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.52% lower at present.
During the last 5 trading sessions, MKC fell by -2.49%, which changed the moving average for the period of 200-days by -7.58% in comparison to the 20-day moving average, which settled at $80.96. In addition, McCormick & Company Incorporated saw -5.03% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MKC starting from MANGAN MICHAEL D, who sale 5,000 shares at the price of $83.63 back on Aug 21. After this action, MANGAN MICHAEL D now owns 39,181 shares of McCormick & Company Incorporated, valued at $418,142 using the latest closing price.
Schwartz Jeffery D, the Vice President, Gen Counsel of McCormick & Company Incorporated, sale 2,600 shares at $90.02 during a trade that took place back on Jul 28, which means that Schwartz Jeffery D is holding 60,774 shares at $234,046 based on the most recent closing price.
Stock Fundamentals for MKC
Current profitability levels for the company are sitting at:
- +14.42 for the present operating margin
- +35.79 for the gross margin
The net margin for McCormick & Company Incorporated stands at +10.74. The total capital return value is set at 9.19, while invested capital returns managed to touch 8.03. Equity return is now at value 14.70, with 5.40 for asset returns.
Based on McCormick & Company Incorporated (MKC), the company’s capital structure generated 114.95 points at debt to equity in total, while total debt to capital is 53.48. Total debt to assets is 40.99, with long-term debt to equity ratio resting at 81.58. Finally, the long-term debt to capital ratio is 37.95.
When we switch over and look at the enterprise to sales, we see a ratio of 4.07, with the company’s debt to enterprise value settled at 0.19. The receivables turnover for the company is 11.31 and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
To sum up, McCormick & Company Incorporated (MKC) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
