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The price of McCormick & Co., Inc. (NYSE: MKC) closed at $83.34 in the last session, down -0.69% from day before closing price of $83.92. In other words, the price has decreased by -$0.69 from its previous closing price. On the day, 1.73 million shares were traded. MKC stock price reached its highest trading level at $84.0 during the session, while it also had its lowest trading level at $82.54.
Ratios:
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 134.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.76. 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:
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 Aug 15 ’24 when Montiel Maritza Gomez sold 9,816 shares for $76.84 per share. The transaction valued at 754,307 led to the insider holds 5,594 shares of the business.
Kurzius Lawrence Erik sold 25,000 shares of MKC for $1,875,000 on Jul 17 ’24. The Director now owns 0 shares after completing the transaction at $75.00 per share. On May 21 ’24, another insider, Kurzius Lawrence Erik, who serves as the Director of the company, sold 80,000 shares for $73.75 each. As a result, the insider received 5,900,024 and left with 199,258 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 22552219648 and an Enterprise Value of 26717935616. As of this moment, McCormick’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.39, and their Forward P/E ratio for the next fiscal year is 27.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.35 while its Price-to-Book (P/B) ratio in mrq is 4.20. Its current Enterprise Value per Revenue stands at 3.998 whereas that against EBITDA is 21.671.
Stock Price History:
Over the past 52 weeks, MKC has reached a high of $85.49, while it has fallen to a 52-week low of $59.13. The 50-Day Moving Average of the stock is 6.78%, while the 200-Day Moving Average is calculated to be 15.69%.
Shares Statistics:
According to the various share statistics, MKC traded on average about 1.88M shares per day over the past 3-months and 1528460 shares per day over the past 10 days. A total of 268.63M shares are outstanding, with a floating share count of 251.56M. Insiders hold about 6.36% of the company’s shares, while institutions hold 81.28% stake in the company. Shares short for MKC as of 1724976000 were 6948637 with a Short Ratio of 3.45, compared to 1722384000 on 7022232.
Dividends & Splits
The forward annual dividend rate for MKC is 1.65, which was 1.62 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.0193041The stock’s 5-year Average Dividend Yield is 1.69.
Earnings Estimates
At present, 12.0 analysts are actively evaluating the performance of McCormick & Co., Inc. (MKC) in the stock market.The consensus estimate for the next quarter is $0.87, with high estimates of $0.89 and low estimates of $0.83.
Analysts are recommending an EPS of between $3.04 and $2.79 for the fiscal current year, implying an average EPS of $2.86. EPS for the following year is $3.07, with 16.0 analysts recommending between $3.27 and $2.97.
Revenue Estimates
For the next quarter, 11 analysts are estimating revenue of $1.77B. There is a high estimate of $1.79B for the next quarter, whereas the lowest estimate is $1.75B.
A total of 16 analysts have provided revenue estimates for MKC’s current fiscal year. The highest revenue estimate was $6.71B, while the lowest revenue estimate was $6.62B, resulting in an average revenue estimate of $6.67B. In the same quarter a year ago, actual revenue was $6.66BBased on 16 analysts’ estimates, the company’s revenue will be $6.85B in the next fiscal year. The high estimate is $6.96B and the low estimate is $6.74B.
