The price-to-earnings ratio for McCormick & Co., Inc (NYSE: MKC) is 26.46x, 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 3 analysts rating it as a “buy,” 1 as “overweight,” 11 as “hold,” and 1 as “sell.”
The public float for MKC is 251.73M and currently, short sellers hold a 1.95% of that float. On November 28, 2024, MKC’s average trading volume was 1.82M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
MKC) stock’s latest price update
The stock price of McCormick & Co., Inc (NYSE: MKC) has dropped by -0.03 compared to previous close of 77.81. Despite this, the company has seen a gain of 0.86% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-26 that The ProShares S&P 500 Dividend Aristocrat ETF is up 10.26% year-to-date through October. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 40 months of tracking these strategies, two strategies are generating a CAGR superior to NOBL.
MKC’s Market Performance
McCormick & Co., Inc (MKC) has seen a 0.86% rise in stock performance for the week, with a 0.40% gain in the past month and a -1.57% plunge in the past quarter. The volatility ratio for the week is 1.63%, and the volatility levels for the past 30 days are at 1.85% for MKC. The simple moving average for the last 20 days is 1.14% for MKC’s stock, with a simple moving average of 3.65% 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 -1.79% 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 -9.01% of loss for the given period.
Volatility was left at 1.85%, however, over the last 30 days, the volatility rate increased by 1.63%, as shares sank -0.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.30% lower at present.
During the last 5 trading sessions, MKC rose by +0.86%, which changed the moving average for the period of 200-days by +19.04% in comparison to the 20-day moving average, which settled at $76.92. In addition, McCormick & Co., Inc saw 13.69% 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 Tapiero Jacques, who sale 5,000 shares at the price of $77.34 back on Nov 11 ’24. After this action, Tapiero Jacques now owns 28,217 shares of McCormick & Co., Inc, valued at $386,702 using the latest closing price.
MANGAN MICHAEL D, the Director of McCormick & Co., Inc, sale 5,000 shares at $79.00 during a trade that took place back on Nov 06 ’24, which means that MANGAN MICHAEL D is holding 40,436 shares at $395,000 based on the most recent closing price.
Stock Fundamentals for MKC
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.38 for the gross margin
The net margin for McCormick & Co., Inc stands at 0.12. The total capital return value is set at 0.1. Equity return is now at value 15.14, with 6.05 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 0.23. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is 5.04.
Currently, EBITDA for the company is 1.2 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 3.78. The receivables turnover for the company is 10.11for 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 0.71.
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.
