The price of McCormick & Company Incorporated (NYSE: MKC) closed at 77.30 in the last session, down -0.08% from day before closing price of $77.36. In other words, the price has decreased by $-0.06 from its previous closing price. On the day, 1255072 shares were traded. MKC reached its highest trading level at $78.89 during the session, while it also had its lowest trading level at $77.29.
We take a closer look at MKC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 63.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 191.86. For the most recent quarter (mrq), Quick Ratio is recorded 0.30 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 1.17 whereas as Long-Term Debt/Eq ratio is at 0.85.
Upgrades & Downgrades
On February 17, 2022, Argus Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $112.
Credit Suisse Downgraded its Outperform to Neutral on January 19, 2022, while the target price for the stock was maintained at $100.
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 29 when PRESTON MARGARET M V sold 10,580 shares for $84.44 per share. The transaction valued at 893,375 led to the insider holds 12,660 shares of the business.
Smith Michael R sold 19,986 shares of MKC for $2,079,357 on Apr 20. The Executive VP & CFO now owns 93,025 shares after completing the transaction at $104.04 per share. On Feb 15, another insider, LITTLE PATRICIA A, who serves as the Director of the company, sold 10,000 shares for $100.63 each. As a result, the insider received 1,006,256 and left with 21,294 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MKC now has a Market Capitalization of 21.23B and an Enterprise Value of 26.26B. As of this moment, McCormick’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.55, and their Forward P/E ratio for the next fiscal year is 24.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.25 while its Price-to-Book (P/B) ratio in mrq is 4.51. Its current Enterprise Value per Revenue stands at 4.14 whereas that against EBITDA is 23.46.
Stock Price History:
The Beta on a monthly basis for MKC is 0.51, which has changed by -8.82% over the last 52 weeks, in comparison to a change of -14.81% over the same period for the S&P500. Over the past 52 weeks, MKC has reached a high of $107.35, while it has fallen to a 52-week low of $77.14. The 50-Day Moving Average of the stock is 85.29, while the 200-Day Moving Average is calculated to be 92.70.
According to the various share statistics, MKC traded on average about 1.19M shares per day over the past 3-months and 1.74M shares per day over the past 10 days. A total of 268.30M shares are outstanding, with a floating share count of 263.48M. Insiders hold about 0.10% of the company’s shares, while institutions hold 87.50% stake in the company. Shares short for MKC as of Aug 30, 2022 were 6.95M with a Short Ratio of 5.82, compared to 7.39M on Jul 28, 2022.
Dividends & Splits
The forward annual dividend rate for MKC is 1.48, which was 1.42 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.84%, it implies a Forward Annual Dividend Yield of 1.91%. The stock’s 5-year Average Dividend Yield is 1.53. The current Payout Ratio is 55.60% for MKC, which recently paid a dividend on Jul 24, 2022 with an ex-dividend date of Jul 07, 2022. Stock splits for the company last occurred on Nov 30, 2020 when the company split stock in a 2:1 ratio.
The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.82 for the current quarter, with a high estimate of $0.86 and a low estimate of $0.67, while EPS last year was $0.8. The consensus estimate for the next quarter is $1.06, with high estimates of $1.17 and low estimates of $0.99.
Analysts are recommending an EPS of between $3.2 and $2.95 for the fiscal current year, implying an average EPS of $3.04. EPS for the following year is $3.28, with 11 analysts recommending between $3.4 and $3.14.
A total of 10 analysts have provided revenue estimates for MKC’s current fiscal year. The highest revenue estimate was $6.67B, while the lowest revenue estimate was $6.46B, resulting in an average revenue estimate of $6.56B. In the same quarter a year ago, actual revenue was $6.32B, up 3.90% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $6.83B in the next fiscal year. The high estimate is $6.93B and the low estimate is $6.63B. The average revenue growth estimate for next year is up 4.00% from the average revenue estimate for this year.