In other words, the price has increased by $0.00 from its previous closing price. On the day, 1045848 shares were traded. MKC stock price reached its highest trading level at $76.03 during the session, while it also had its lowest trading level at $75.26.
Ratios:
For a better understanding of MKC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 114.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.14. 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 Apr 01 ’24 when LITTLE PATRICIA A sold 20,000 shares for $75.57 per share. The transaction valued at 1,511,445 led to the insider holds 24,732 shares of the business.
Montiel Maritza Gomez sold 7,000 shares of MKC for $538,986 on Mar 28 ’24. The Director now owns 5,594 shares after completing the transaction at $77.00 per share. On Feb 15 ’24, another insider, MANGAN MICHAEL D, who serves as the Director of the company, sold 5,000 shares for $65.20 each. As a result, the insider received 325,996 and left with 39,181 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 20.30B and an Enterprise Value of 24.58B. As of this moment, McCormick’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.84, and their Forward P/E ratio for the next fiscal year is 24.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.03 while its Price-to-Book (P/B) ratio in mrq is 3.88. Its current Enterprise Value per Revenue stands at 3.67 whereas that against EBITDA is 19.84.
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 69.55, while the 200-Day Moving Average is calculated to be 73.05.
Shares Statistics:
Over the past 3-months, MKC traded about 2.19M shares per day on average, while over the past 10 days, MKC traded about 2.71M shares per day. 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 81.52% stake in the company. Shares short for MKC as of Mar 28, 2024 were 5.35M with a Short Ratio of 2.81, compared to 5.68M on Feb 29, 2024.
Dividends & Splits
MKC’s forward annual dividend rate is 1.62, up from 1.59 a year ago. Against a Trailing Annual Dividend Yield of 2.10%, it implies a Forward Annual Dividend Yield of 2.22%. The stock’s 5-year Average Dividend Yield is 1.63. The current Payout Ratio is 61.84% for MKC, which recently paid a dividend on Apr 22, 2024 with an ex-dividend date of Apr 05, 2024. Stock splits for the company last occurred on Dec 01, 2020 when the company split stock in a 2:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 12 analysts. On average, analysts expect EPS of $0.6 for the current quarter, with a high estimate of $0.63 and a low estimate of $0.55, while EPS last year was $0.6. The consensus estimate for the next quarter is $0.71, with high estimates of $0.74 and low estimates of $0.69.
Analysts are recommending an EPS of between $3 and $2.83 for the fiscal current year, implying an average EPS of $2.87. EPS for the following year is $3.08, with 14 analysts recommending between $3.26 and $2.98.
Revenue Estimates
A total of 14 analysts have provided revenue estimates for MKC’s current fiscal year. The highest revenue estimate was $6.73B, while the lowest revenue estimate was $6.65B, resulting in an average revenue estimate of $6.68B. In the same quarter a year ago, actual revenue was $6.66B, up 0.30% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $6.87B in the next fiscal year. The high estimate is $6.99B and the low estimate is $6.79B. The average revenue growth estimate for next year is up 2.80% from the average revenue estimate for this year.
