Daily Progress: McCormick & Co., Inc. (MKC) Drop -0.10, Closing at 68.56

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In the latest session, McCormick & Co., Inc. (NYSE: MKC) closed at $68.56 down -0.10% from its previous closing price of $68.63. In other words, the price has decreased by -$0.10 from its previous closing price. On the day, 1.81 million shares were traded. MKC stock price reached its highest trading level at $69.1 during the session, while it also had its lowest trading level at $68.13.

Ratios:

For a deeper understanding of McCormick & Co., Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 103.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.26. 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.

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:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 18418987008 and an Enterprise Value of 22758174720. As of this moment, McCormick’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.14, and their Forward P/E ratio for the next fiscal year is 22.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.75 while its Price-to-Book (P/B) ratio in mrq is 3.52. Its current Enterprise Value per Revenue stands at 3.397 whereas that against EBITDA is 18.596.

Stock Price History:

The Beta on a monthly basis for MKC is 0.74, which has changed by -0.26900524 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. 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 -5.90%, while the 200-Day Moving Average is calculated to be -1.63%.

Shares Statistics:

For the past three months, MKC has traded an average of 1.88M shares per day and 1723550 over the past ten days. 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 82.26% stake in the company. Shares short for MKC as of 1715731200 were 4808804 with a Short Ratio of 3.12, compared to 1713139200 on 4631142.

Dividends & Splits

According to the company, the forward annual dividend rate for MKC is 1.62, from 1.59 in the trailing year. Against a Trailing Annual Dividend Yield of 0.023167713The stock’s 5-year Average Dividend Yield is 1.65. The current Payout Ratio is 61.84% for MKC, which recently paid a dividend on 2024-04-05 with an ex-dividend date of 1712275200. 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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