The stock of McCormick & Co., Inc. (NYSE:MKC) last traded at $76.03, down -1.64% from the previous session.
MKC stock price is now 12.29% away from the 50-day moving average and 3.09% away from the 200-day moving average. The market capitalization of the company currently stands at $20.39B.
With the price target of $60, Citigroup recently initiated with Sell rating for McCormick & Co., Inc. (NYSE: MKC). , while ‘HSBC Securities’ rates the stock as ‘Hold’
In other news, MANGAN MICHAEL D, Director sold 5,000 shares of the company’s stock on Feb 15 ’24. The stock was sold for $325,996 at an average price of $65.20. Upon completion of the transaction, the Director now directly owns 39,181 shares in the company, valued at $2.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 25 ’23, Vice President, Gen Counsel Schwartz Jeffery D sold 2,000 shares of the business’s stock. A total of $128,738 was realized by selling the stock at an average price of $64.37. This leaves the insider owning 55,174 shares of the company worth $4.19 million. A total of 6.44% of the company’s stock is owned by insiders.
During the past 12 months, McCormick & Co., Inc. has had a low of $59.13 and a high of $94.39. As of last week, the company has a debt-to-equity ratio of 0.85, a current ratio of 0.68, and a quick ratio of 0.30. According to the stock market information, the enterprise value for the company is $24.66B, which is based on a 28.99 price-to-earnings ratio, a 4.33 price-to-earnings-growth ratio, and a beta of 0.72. The fifty day moving average price for MKC is $67.93 and a two-hundred day moving average price translates $73.68 for the stock.
The latest earnings results from McCormick & Co., Inc. (NYSE: MKC) was released for Feb, 2024. According to the Packaged Foods Company, earnings per share came in at $0.63, beating analysts’ expectations of $0.58 by 0.05. This compares to $0.46 EPS in the same period last year. The net profit margin was 10.56% and return on equity was 14.01% for MKC. The company reported revenue of $1.6 billion for the quarter, compared to $1.57 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.38 percent. For the current quarter, analysts expect MKC to generate $1.63B in revenue.
