The stock of McCormick & Co., Inc. (NYSE: MKC) has increased by 0.55 when compared to last closing price of 75.76. Despite this, the company has experienced a 0.16% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-05-06 that Sometimes the best offense is a good defense. In today’s market, buying defensive stocks is probably one of the best strategies you can adopt to protect your portfolio’s gains.
Is It Worth Investing in McCormick & Co., Inc. (NYSE: MKC) Right Now?
The price-to-earnings ratio for McCormick & Co., Inc. (NYSE: MKC) is 29.05x, which is above its average ratio. Moreover, the 36-month beta value for MKC is 0.75. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 10 as “hold,” and 1 as “sell.”
The public float for MKC is 251.26M and currently, short sellers hold a 1.84% of that float. On May 08, 2024, MKC’s average trading volume was 1.97M shares.
MKC’s Market Performance
The stock of McCormick & Co., Inc. (MKC) has seen a 0.16% increase in the past week, with a 0.73% rise in the past month, and a 13.62% gain in the past quarter. The volatility ratio for the week is 1.60%, and the volatility levels for the past 30 days are at 1.65% for MKC. The simple moving average for the past 20 days is 2.37% for MKC’s stock, with a 6.07% simple moving average for the past 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 5.24% 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 -19.29% of loss for the given period.
Volatility was left at 1.65%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares surge +0.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.23% upper at present.
During the last 5 trading sessions, MKC rose by +0.16%, which changed the moving average for the period of 200-days by -13.56% in comparison to the 20-day moving average, which settled at $74.44. In addition, McCormick & Co., Inc. saw 11.34% 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 Jenkins Katherine, who sale 1,726 shares at the price of $74.35 back on Apr 22 ’24. After this action, Jenkins Katherine now owns 0 shares of McCormick & Co., Inc., valued at $128,326 using the latest closing price.
LITTLE PATRICIA A, the Director of McCormick & Co., Inc., sale 20,000 shares at $75.57 during a trade that took place back on Apr 01 ’24, which means that LITTLE PATRICIA A is holding 24,732 shares at $1,511,445 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 3.69. 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
To wrap up, the performance of McCormick & Co., Inc. (MKC) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
