On Tuesday, McCormick & Co., Inc (NYSE: MKC) opened higher 0.17% from the last session, before settling in for the closing price of $80.17. Price fluctuations for MKC have ranged from $63.88 to $85.49 over the past 52 weeks.
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
A company in the Consumer Defensive sector has jumped its sales by 5.74% annually for the last half of the decade. Company’s average yearly earnings per share was noted 8.46% at the time writing. With a float of $251.81 million, this company’s outstanding shares have now reached $252.19 million.
In an organization with 13800 employees, it is important to assess its efficiency. 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
A key investor’s attitude towards the stock of the Packaged Foods industry is another important factor to consider. The insider ownership of McCormick & Co., Inc is 6.17%, while institutional ownership is 81.44%. 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 8.46% 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
Check out the current performance indicators for McCormick & Co., Inc (MKC). In the past quarter, the stock posted a quick ratio of 0.32. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.23. Likewise, its price to free cash flow for the trailing twelve months is 27.84.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.7 million. That was inferior than the volume of 1.9 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 64.43%. Additionally, its Average True Range was 1.42.
During the past 100 days, McCormick & Co., Inc’s (MKC) raw stochastic average was set at 60.09%, which indicates a significant decrease from 63.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.67% in the past 14 days, which was higher than the 17.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $78.44, while its 200-day Moving Average is $75.83. However, in the short run, McCormick & Co., Inc’s stock first resistance to watch stands at $81.14. Second resistance stands at $81.98. The third major resistance level sits at $82.83. If the price goes on to break the first support level at $79.45, it is likely to go to the next support level at $78.60. Assuming the price breaks the second support level, the third support level stands at $77.76.
McCormick & Co., Inc (NYSE: MKC) Key Stats
There are currently 268,357K shares outstanding in the company with a market cap of 21.56 billion. Presently, the company’s annual sales total 6,662 M according to its annual income of 680,600 K. Last quarter, the company’s sales amounted to 1,680 M and its income totaled 223,100 K.
