Balance Sheet Breakdown: McCormick & Co., Inc. (MKC)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $75.74 in the prior trading day, McCormick & Co., Inc. (NYSE: MKC) closed at $74.60, down -1.51%. In other words, the price has decreased by -$1.51 from its previous closing price. On the day, 1.04 million shares were traded. MKC stock price reached its highest trading level at $76.3 during the session, while it also had its lowest trading level at $74.305.

Ratios:

Our goal is to gain a better understanding of MKC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 112.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.87. For the most recent quarter (mrq), Quick Ratio is recorded 0.30 and its Current Ratio is at 0.68. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.64.

On February 01, 2024, Citigroup started tracking the stock assigning a Sell rating and target price of $60.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 14 ’24 when Jenkins Katherine sold 2,732 shares for $75.91 per share. The transaction valued at 207,390 led to the insider holds 0 shares of the business.

Jenkins Katherine sold 1,726 shares of MKC for $128,326 on Apr 22 ’24. The Chief Growth Officer now owns 0 shares after completing the transaction at $74.35 per share. On Apr 01 ’24, another insider, LITTLE PATRICIA A, who serves as the Director of the company, sold 20,000 shares for $75.57 each. As a result, the insider received 1,511,445 and left with 24,732 shares of the company.

Valuation Measures:

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 20329246720 and an Enterprise Value of 24379387904. As of this moment, McCormick’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.44, and their Forward P/E ratio for the next fiscal year is 24.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.99 while its Price-to-Book (P/B) ratio in mrq is 3.83. Its current Enterprise Value per Revenue stands at 3.639 whereas that against EBITDA is 19.921.

Stock Price History:

Over the past 52 weeks, MKC has reached a high of $94.39, while it has fallen to a 52-week low of $59.13. The 50-Day Moving Average of the stock is 1.97%, while the 200-Day Moving Average is calculated to be 4.36%.

Shares Statistics:

The stock has traded on average 1.91M shares per day over the past 3-months and 1311750 shares per day over the last 10 days, according to various share statistics. A total of 251.30M shares are outstanding, with a floating share count of 251.26M. Insiders hold about 6.39% of the company’s shares, while institutions hold 82.87% stake in the company. Shares short for MKC as of 1714435200 were 4631142 with a Short Ratio of 2.51, compared to 1711584000 on 5351268.

Dividends & Splits

In the trailing 12 months, MKC’s forward annual dividend rate was 1.59, compared to 1.62 this year. Against a Trailing Annual Dividend Yield of 0.020992871The stock’s 5-year Average Dividend Yield is 1.64.

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