Currently, there are 268.63M common shares owned by the public and among those 251.56M shares have been available to trade.
The company’s stock has a 5-day price change of 0.39% and 19.72% over the past three months. MKC shares are trading 22.90% year to date (YTD), with the 12-month market performance up to 11.17% higher. It has a 12-month low price of $59.13 and touched a high of $85.49 over the same period. MKC has an average intraday trading volume of 1.79 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.05%, 5.49%, and 15.70% respectively.
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Institutional ownership of McCormick & Co., Inc. (NYSE: MKC) shares accounts for 81.34% of the company’s 268.63M shares outstanding.
It has a market capitalization of $22.59B and a beta (3y monthly) value of 0.76. The stock’s trailing 12-month PE ratio is 30.67, while the earnings-per-share (ttm) stands at $2.74. The company has a PEG of 4.05 and a Quick Ratio of 0.31 with the debt-to-equity ratio at 0.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.82% over the week and 1.59% over the month.
Earnings per share for the fiscal year are expected to increase by 7.12%, and 7.00% over the next financial year. EPS should grow at an annualized rate of 7.57% over the next five years, compared to -6.36% over the past 5-year period.
Looking at the support for the MKC, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on June 12, 2024, with the firm’s price target at $68-$69. HSBC Securities on their part issued Hold rating on September 22, 2023.
