McCormick & Co., Inc (NYSE: MKC) on Monday, soared 3.19% from the previous trading day, before settling in for the closing price of $77.50. Within the past 52 weeks, MKC’s price has moved between $63.88 and $85.49.
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Consumer Defensive Sector giant saw their annual sales surged by 5.74% over the last five years. The company achieved an average annual earnings per share of 8.46%. With a float of $251.81 million, this company’s outstanding shares have now reached $252.19 million.
The firm has a total of 13800 workers. Let’s measure their productivity. 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 Activity
Observing investor behavior towards Packaged Foods industry stocks is more important than anything else. The insider ownership of McCormick & Co., Inc is 6.17%, while institutional ownership is 81.37%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 8.46% 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 3.19. Likewise, its price to free cash flow for the trailing twelve months is 27.50.
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)
Analysing the last 5-days average volume posted by the [McCormick & Co., Inc, MKC], we can find that recorded value of 1.94 million was better than the volume posted last year of 1.9 million. As of the previous 9 days, the stock’s Stochastic %D was 64.09%. Additionally, its Average True Range was 1.41.
During the past 100 days, McCormick & Co., Inc’s (MKC) raw stochastic average was set at 57.47%, which indicates a significant decrease from 99.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.46% in the past 14 days, which was higher than the 16.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $78.51, while its 200-day Moving Average is $75.45. Now, the first resistance to watch is $80.47. This is followed by the second major resistance level at $80.97. The third major resistance level sits at $81.97. If the price goes on to break the first support level at $78.98, it is likely to go to the next support level at $77.98. Should the price break the second support level, the third support level stands at $77.48.
McCormick & Co., Inc (NYSE: MKC) Key Stats
Market capitalization of the company is 21.29 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.
