McCormick & Co., Inc. (NYSE: MKC) is 20.29% higher on its value in year-to-date trading and has touched a low of $59.13 and a high of $85.49 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MKC stock was last observed hovering at around $83.24 in the last trading session, with the day’s loss setting it -0.94%.
Currently trading at $82.30, the stock is -0.97% and 3.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.21 million and changing -1.13% at the moment leaves the stock 13.35% off its SMA200. MKC registered 10.25% gain for a year compared to 6-month gain of 7.41%. The firm has a 50-day simple moving average (SMA 50) of $79.7146 and a 200-day simple moving average (SMA200) of $72.6794.
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The stock witnessed a 4.14% loss in the last 1 month and extending the period to 3 months gives it a 17.66%, and is -1.07% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.29% over the week and 1.45% over the month.
McCormick & Co., Inc. (MKC) has around 13800 employees, a market worth around $22.11B and $6.68B in sales. Current P/E ratio is 30.02 and Fwd P/E is 26.74. Profit margin for the company is 11.07%. Distance from 52-week low is 39.18% and -3.73% from its 52-week high. The company has generated returns on investments over the last 12 months (8.55%).
with sales reaching $1.67B over the same period.The EPS is expected to grow by 6.18% this year, but quarterly earnings will post 0.20% year-over-year.
McCormick & Co., Inc. (MKC) Top Institutional Holders
1294.0 institutions hold shares in McCormick & Co., Inc. (MKC), with institutional investors hold 87.83% of the company’s shares. The shares outstanding are 268.63M, and float is at 251.56M with Short Float at 2.25%. Institutions hold 87.81% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 31.22 million shares valued at $2.21 billion. The investor’s holdings represent 11.6231% of the MKC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 19.39 million shares valued at $1.38 billion to account for 7.2198 of the shares outstanding. The other top investors are STATE FARM MUTUAL AUTOMOBILE INSURANCE CO which holds 16.72 million shares representing 6.2232% and valued at over $1.19 billion, while STATE STREET CORP holds 5.2871 of the shares totaling 14.2 million with a market value of $1.01 billion.
McCormick & Co., Inc. (MKC) Insider Activity
The most recent transaction is an insider sale by Montiel Maritza Gomez, the company’s Director. SEC filings show that Montiel Maritza Gomez sold 9,816 shares of the company’s common stock on Aug 15 ’24 at a price of $76.84 per share for a total of $0.75 million. Following the sale, the insider now owns 5594.0 shares.
McCormick & Co., Inc. disclosed in a document filed with the SEC on Jul 17 ’24 that Kurzius Lawrence Erik (Director) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Jul 17 ’24 and was made at $75.00 per share for $1.88 million. Following the transaction, the insider now directly holds 0.0 shares of the MKC stock.
Still, SEC filings show that on May 21 ’24, Kurzius Lawrence Erik (Director) disposed off 80,000 shares at an average price of $73.75 for $5.9 million. The insider now directly holds 199,258 shares of McCormick & Co., Inc. (MKC).
