McCormick & Co., Inc. (NYSE: MKC)’s stock price has gone decline by -0.69 in comparison to its previous close of 84.50, however, the company has experienced a 1.61% increase in its stock price over the last five trading days. zacks.com reported 2024-09-04 that Companies in the Zacks Food-Miscellaneous industry have been leveraging strategic pricing and brand-building efforts to navigate a challenging operating environment. Kraft Heinz, McCormick, Ingredion Incorporated and Flowers Foods look well-positioned.
Is It Worth Investing in McCormick & Co., Inc. (NYSE: MKC) Right Now?
The price-to-earnings ratio for McCormick & Co., Inc. (NYSE: MKC) is 30.61x, 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.”
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The public float for MKC is 251.56M and currently, short sellers hold a 2.57% of that float. On September 19, 2024, MKC’s average trading volume was 1.89M shares.
MKC’s Market Performance
MKC stock saw an increase of 1.61% in the past week, with a monthly gain of 7.37% and a quarterly increase of 22.28%. The volatility ratio for the week is 1.37%, and the volatility levels for the last 30 days are 1.48% for McCormick & Co., Inc. (MKC). The simple moving average for the last 20 days is 3.15% for MKC’s stock, with a simple moving average of 16.65% for the last 200 days.
Analysts’ Opinion of MKC
Many brokerage firms have already submitted their reports for MKC stocks, with Citigroup repeating the rating for MKC by listing it as a “Neutral.” The predicted price for MKC in the upcoming period, according to Citigroup is $69 based on the research report published on June 12, 2024 of the current year 2024.
Citigroup gave a rating of “Sell” to MKC, setting the target price at $60 in the report published on February 01st of the current year.
MKC Trading at 7.90% 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 -1.84% of loss for the given period.
Volatility was left at 1.48%, however, over the last 30 days, the volatility rate increased by 1.37%, as shares surge +7.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.77% upper at present.
During the last 5 trading sessions, MKC rose by +1.61%, which changed the moving average for the period of 200-days by +29.45% in comparison to the 20-day moving average, which settled at $81.65. In addition, McCormick & Co., Inc. saw 22.65% 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 Montiel Maritza Gomez, who sale 9,816 shares at the price of $76.84 back on Aug 15 ’24. After this action, Montiel Maritza Gomez now owns 5,594 shares of McCormick & Co., Inc., valued at $754,307 using the latest closing price.
Kurzius Lawrence Erik, the Director of McCormick & Co., Inc., sale 25,000 shares at $75.00 during a trade that took place back on Jul 17 ’24, which means that Kurzius Lawrence Erik is holding 0 shares at $1,875,000 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 14.41, with 5.71 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 0.26. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 4.86.
Currently, EBITDA for the company is 1.27 billion with net debt to EBITDA at 3.41. When we switch over and look at the enterprise to sales, we see a ratio of 4.02. The receivables turnover for the company is 11.17for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.
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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
