McCormick & Co., Inc. [MKC] stock prices are up 1.03% to $76.81 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MKC shares have gain 10.55% over the last week, with a monthly amount glided 13.41%, and seem to be holding up well over a long-time horizon.
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On 27, March 2024, McCormick Declares $0.42 Quarterly Dividend. In a post published today on Yahoo Finance, The Board of Directors of McCormick & Company, Incorporated (NYSE: MKC) declared a quarterly dividend of $0.42 per share on its common stocks, payable April 22, 2024 to shareholders of record April 8, 2024.
From an analyst’s perspective:
McCormick & Co., Inc. [NYSE: MKC] stock has seen the most recent analyst activity on February 01, 2024, when Citigroup initiated its Sell rating and assigned the stock a price target of $60. Previously, Consumer Edge Research downgraded its rating to Equal Weight on January 22, 2024. On September 22, 2023, HSBC Securities initiated with a Hold rating and assigned a price target of $86 on the stock. TD Cowen started tracking the stock assigning a Market Perform rating and suggested a price target of $87 on September 13, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $100 on June 06, 2023. In a note dated March 10, 2023, UBS initiated an Sell rating and provided a target price of $71 on this stock.
The stock price of McCormick & Co., Inc. [MKC] has been fluctuating between $59.13 and $94.39 over the past year. Currently, Wall Street analysts expect the stock to reach $80.8 within the next 12 months. McCormick & Co., Inc. [NYSE: MKC] shares were valued at $76.81 at the most recent close of the market. An investor can expect a potential return of 5.19% based on the average MKC price forecast.
Analyzing the MKC fundamentals
The McCormick & Co., Inc. [NYSE:MKC] reported sales of 6.70B for trailing twelve months, representing a surge of 2.38%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.14 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.85.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 76.37 points at the first support level, and at 75.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.35, and for the 2nd resistance point, it is at 77.90.
McCormick & Co., Inc. [MKC] reported earnings per share of $0.63 for its fiscal quarter that ended on 2/28/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.58/share, meaning a difference of $0.05 and a surprise factor of 8.60%. By comparison, the stated earnings for the previous quarter ended on 11/29/2023 were $0.85 per share as compared to estimates of $0.79 per share, a difference of $0.06 representing a surprise of 7.60%.
Ratios To Look Out For
It’s worth pointing out that McCormick & Co., Inc. [NYSE:MKC]’s Current Ratio is 0.68. Also, the Quick Ratio is 0.30, while the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 3.08, the price to book ratio is 3.94 and price to earnings (TTM) ratio is 29.29.
Transactions by insiders
Recent insider trading involved Montiel Maritza Gomez, Director, that happened on Mar 28 ’24 when 7000.0 shares were sold. Director, MANGAN MICHAEL D completed a deal on Feb 15 ’24 to sell 5000.0 shares. Meanwhile, Vice President, Gen Counsel Schwartz Jeffery D sold 2000.0 shares on Oct 25 ’23.
