Currently, there are 268.15M common shares owned by the public and among those 252.00M shares have been available to trade.
The company’s stock has a 5-day price change of -1.32% and 2.54% over the past three months. MKC shares are trading 5.23% year to date (YTD), with the 12-month market performance up to 15.47% higher. It has a 12-month low price of $66.88 and touched a high of $86.24 over the same period. MKC has an average intraday trading volume of 2.11 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 -1.84%, 2.08%, and 3.56% respectively.
Institutional ownership of McCormick & Co., Inc (NYSE: MKC) shares accounts for 82.20% of the company’s 268.15M shares outstanding.
It has a market capitalization of $21.51B and a beta (3y monthly) value of 0.77. The stock’s trailing 12-month PE ratio is 27.59, while the earnings-per-share (ttm) stands at $2.91. The company has a PEG of 4.13 and a Quick Ratio of 0.25 with the debt-to-equity ratio at 0.79. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.99% over the week and 2.70% over the month.
Analysts forecast that McCormick & Co., Inc (MKC) will achieve an EPS of 0.68 for the current quarter, 0.83 for the next quarter and 3.32 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.65 while analysts give the company a high EPS estimate of 0.65. Comparatively, EPS for the current quarter was 0.69 a year ago. Earnings per share for the fiscal year are expected to increase by 3.84%, and 8.43% over the next financial year. EPS should grow at an annualized rate of 6.68% over the next five years, compared to 2.22% over the past 5-year period.
Looking at the support for the MKC, a number of firms have released research notes about the stock. TD Cowen stated their Buy rating for the stock in a research note on January 08, 2025, with the firm’s price target at $86-$90. Jefferies coverage for the McCormick & Co., Inc (MKC) stock in a research note released on December 09, 2024 offered a Buy rating with a price target of $91. Citigroup on their part issued Sell rating on February 01, 2024.
