McCormick & Co., Inc. (NYSE: MKC)’s stock price has gone rise by 0.65 in comparison to its previous close of 71.80, however, the company has experienced a -3.36% decrease in its stock price over the last five trading days. The Motley Fool reported 2024-04-07 that Home Depot is paying a generous yield right now. Microsoft has some exciting growth opportunities.
Is It Worth Investing in McCormick & Co., Inc. (NYSE: MKC) Right Now?
McCormick & Co., Inc. (NYSE: MKC) has a higher price-to-earnings ratio of 27.56x compared to its average ratio, The 36-month beta value for MKC is at 0.74. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 10 as “hold,” and 1 as “sell.”
The public float for MKC is 251.20M, and currently, shorts hold a 2.13% of that float. The average trading volume for MKC on April 18, 2024 was 2.14M shares.
MKC’s Market Performance
MKC’s stock has seen a -3.36% decrease for the week, with a 6.09% rise in the past month and a 11.15% gain in the past quarter. The volatility ratio for the week is 1.83%, and the volatility levels for the past 30 days are at 2.16% for McCormick & Co., Inc. The simple moving average for the last 20 days is -2.05% for MKC’s stock, with a simple moving average of -0.42% for the last 200 days.
Analysts’ Opinion of MKC
Citigroup, on the other hand, stated in their research note that they expect to see MKC reach a price target of $60. The rating they have provided for MKC stocks is “Sell” according to the report published on February 01st, 2024.
MKC Trading at 3.28% 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 -23.43% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares surge +4.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.75% upper at present.
During the last 5 trading sessions, MKC fell by -3.36%, which changed the moving average for the period of 200-days by -17.15% in comparison to the 20-day moving average, which settled at $73.93. In addition, McCormick & Co., Inc. saw 5.63% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MKC starting from LITTLE PATRICIA A, who sale 20,000 shares at the price of $75.57 back on Apr 01 ’24. After this action, LITTLE PATRICIA A now owns 24,732 shares of McCormick & Co., Inc., valued at $1,511,445 using the latest closing price.
Montiel Maritza Gomez, the Director of McCormick & Co., Inc., sale 7,000 shares at $77.00 during a trade that took place back on Mar 28 ’24, which means that Montiel Maritza Gomez is holding 5,594 shares at $538,986 based on the most recent closing price.
Stock Fundamentals for MKC
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.38 for the gross margin
The net margin for McCormick & Co., Inc. stands at 0.11. The total capital return value is set at 0.1. Equity return is now at value 14.01, with 5.42 for asset returns.
Based on McCormick & Co., Inc. (MKC), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is 4.81.
Currently, EBITDA for the company is 1.27 billion with net debt to EBITDA at 3.38. When we switch over and look at the enterprise to sales, we see a ratio of 3.53. The receivables turnover for the company is 11.81for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.68.
Conclusion
In conclusion, McCormick & Co., Inc. (MKC) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
