McCormick & Co., Inc (NYSE: MKC) on Tuesday, plunged -0.57% from the previous trading day, before settling in for the closing price of $77.03. Within the past 52 weeks, MKC’s price has moved between $63.67 and $85.49.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Consumer Defensive sector company grew by 4.76% over the past five years. The company achieved an average annual earnings per share of 8.47%. With a float of $251.73 million, this company’s outstanding shares have now reached $268.36 million.
Let’s look at the performance matrix of the company that is accounted for 13800 employees. In terms of profitability, gross margin is 38.46%, operating margin of 15.81%, and the pretax margin is 13.35%.
McCormick & Co., Inc (MKC) Insider Updates
Observing investor behavior towards Packaged Foods industry stocks is more important than anything else. The insider ownership of McCormick & Co., Inc is 6.19%, while institutional ownership is 81.71%. The most recent insider transaction that took place on Nov 11 ’24, was worth 386,702. In this transaction Director of this company sold 5,000 shares at a rate of $77.34, taking the stock ownership to the 28,217 shares. Before that another transaction happened on Nov 06 ’24, when Company’s Director sold 5,000 for $79.00, making the entire transaction worth $395,000. This insider now owns 40,436 shares in total.
McCormick & Co., Inc (MKC) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 8.47% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.00% during the next five years compared to -6.36% drop over the previous five years of trading.
McCormick & Co., Inc (NYSE: MKC) Trading Performance Indicators
McCormick & Co., Inc (MKC) is currently performing well based on its current performance indicators. A quick ratio of 0.32 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.08. Likewise, its price to free cash flow for the trailing twelve months is 26.54.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.94, a number that is poised to hit 0.77 in the next quarter and is forecasted to reach 3.12 in one year’s time.
Technical Analysis of McCormick & Co., Inc (MKC)
McCormick & Co., Inc (NYSE: MKC) saw its 5-day average volume 1.67 million, a negative change from its year-to-date volume of 1.91 million. As of the previous 9 days, the stock’s Stochastic %D was 35.44%. Additionally, its Average True Range was 1.38.
During the past 100 days, McCormick & Co., Inc’s (MKC) raw stochastic average was set at 52.17%, which indicates a significant increase from 20.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.67% in the past 14 days, which was lower than the 18.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $80.76, while its 200-day Moving Average is $74.52. Nevertheless, the first resistance level for the watch stands at $77.38 in the near term. At $78.17, the stock is likely to face the second major resistance level. The third major resistance level sits at $78.88. If the price goes on to break the first support level at $75.89, it is likely to go to the next support level at $75.18. Assuming the price breaks the second support level, the third support level stands at $74.39.
McCormick & Co., Inc (NYSE: MKC) Key Stats
Market capitalization of the company is 20.55 billion based on 268,357K outstanding shares. Right now, sales total 6,662 M and income totals 680,600 K. The company made 1,680 M in profit during its latest quarter, and 223,100 K in sales during its previous quarter.
