McCormick & Co., Inc (NYSE: MKC) is 12.04% higher on its value in year-to-date trading and has touched a low of $63.67 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 $78.83 in the last trading session, with the day’s loss setting it -2.17%.
Currently trading at $76.66, the stock is -3.03% and -5.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.99 million and changing -2.75% at the moment leaves the stock 3.12% off its SMA200. MKC registered 18.47% gain for a year compared to 6-month gain of 1.46%. The firm has a 50-day simple moving average (SMA 50) of $81.0644 and a 200-day simple moving average (SMA200) of $74.292.
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The stock witnessed a -3.73% loss in the last 1 month and extending the period to 3 months gives it a -1.55%, and is -1.64% 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 1.79% over the week and 1.57% over the month.
McCormick & Co., Inc (MKC) has around 13800 employees, a market worth around $20.57B and $6.68B in sales. Current P/E ratio is 26.08 and Fwd P/E is 24.59. Profit margin for the company is 11.87%. Distance from 52-week low is 20.40% and -10.33% from its 52-week high. The company has generated returns on investments over the last 12 months (9.04%).
The EPS is expected to grow by 8.46% this year
1310.0 institutions hold shares in McCormick & Co., Inc (MKC), with institutional investors hold 88.26% of the company’s shares. The shares outstanding are 268.36M, and float is at 251.73M with Short Float at 1.86%. Institutions hold 88.24% 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 Tapiero Jacques, the company’s Director. SEC filings show that Tapiero Jacques sold 5,000 shares of the company’s common stock on Nov 04 ’24 at a price of $78.33 per share for a total of $0.39 million. Following the sale, the insider now owns 28217.0 shares.
McCormick & Co., Inc disclosed in a document filed with the SEC on Nov 01 ’24 that MANGAN MICHAEL D (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Nov 01 ’24 and was made at $78.50 per share for $0.39 million. Following the transaction, the insider now directly holds 40436.0 shares of the MKC stock.
Still, SEC filings show that on Aug 15 ’24, Montiel Maritza Gomez (Director) disposed off 9,816 shares at an average price of $76.84 for $0.75 million. The insider now directly holds 5,594 shares of McCormick & Co., Inc (MKC).
