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

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After finishing at $70.07 in the prior trading day, McCormick & Co., Inc. (NYSE: MKC) closed at $71.33, up 1.80%. In other words, the price has increased by $1.80 from its previous closing price. On the day, 2.1 million shares were traded. MKC stock price reached its highest trading level at $71.63 during the session, while it also had its lowest trading level at $70.15.


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 115.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.68. For the most recent quarter (mrq), Quick Ratio is recorded 0.31 and its Current Ratio is at 0.69. In the meantime, Its Debt-to-Equity ratio is 0.84 whereas as Long-Term Debt/Eq ratio is at 0.62.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on June 12, 2024, Upgraded its rating to Neutral and sets its target price to $69 from $68 previously.

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

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 21 ’24 when Kurzius Lawrence Erik sold 80,000 shares for $73.75 per share. The transaction valued at 5,900,024 led to the insider holds 199,258 shares of the business.

Jenkins Katherine sold 2,732 shares of MKC for $207,390 on May 14 ’24. The Chief Growth Officer now owns 0 shares after completing the transaction at $75.91 per share. On Apr 22 ’24, another insider, Jenkins Katherine, who serves as the Chief Growth Officer of the company, sold 1,726 shares for $74.35 each. As a result, the insider received 128,326 and left with 0 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 18834044928 and an Enterprise Value of 23491688448. As of this moment, McCormick’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.01, and their Forward P/E ratio for the next fiscal year is 23.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.87 while its Price-to-Book (P/B) ratio in mrq is 3.60. Its current Enterprise Value per Revenue stands at 3.515 whereas that against EBITDA is 19.054.

Stock Price History:

The Beta on a monthly basis for MKC is 0.75, which has changed by -0.16289169 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, MKC has reached a high of $90.45, while it has fallen to a 52-week low of $59.13. The 50-Day Moving Average of the stock is -0.60%, while the 200-Day Moving Average is calculated to be 3.36%.

Shares Statistics:

The stock has traded on average 1.82M shares per day over the past 3-months and 2547310 shares per day over the last 10 days, according to various share statistics. A total of 268.63M shares are outstanding, with a floating share count of 251.53M. Insiders hold about 6.37% of the company’s shares, while institutions hold 82.16% stake in the company. Shares short for MKC as of 1718323200 were 6991245 with a Short Ratio of 3.84, compared to 1715731200 on 4973767.

Dividends & Splits

In the trailing 12 months, MKC’s forward annual dividend rate was 1.62, compared to 1.65 this year. Against a Trailing Annual Dividend Yield of 0.023119738The stock’s 5-year Average Dividend Yield is 1.67. The current Payout Ratio is 61.84% for MKC, which recently paid a dividend on 2024-07-08 with an ex-dividend date of 1720396800. Stock splits for the company last occurred on 2020-12-01 when the company split stock in a 2:1 ratio.

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