McCormick & Company Incorporated [NYSE: MKC] gained 0.80% on the last trading session, reaching $88.32 price per share at the time. The company report on June 30, 2021 that McCormick Declares $0.34 Quarterly Dividend.
The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) declared a quarterly dividend of $0.34 per share on its common stocks, payable July 26, 2021 to shareholders of record July 12, 2021. McCormick’s current annualized dividend rate of $1.36 per share represents an increase of 10% over the annual dividend of $1.24 per share paid in fiscal year 2020.
This is the 97th year of consecutive dividend payments by the Company.
McCormick & Company Incorporated represents 267.10 million in outstanding shares, while the company has a total market value of $23.31 billion with the latest information. MKC stock price has been found in the range of $87.4501 to $88.48.
If compared to the average trading volume of 1.36M shares, MKC reached a trading volume of 1804865 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about McCormick & Company Incorporated [MKC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MKC shares is $92.94 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MKC stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Argus have made an estimate for McCormick & Company Incorporated shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 17, 2021. While these analysts kept the previous recommendation, Argus raised their target price to Buy. The new note on the price target was released on September 24, 2020, representing the official price target for McCormick & Company Incorporated stock. Previously, the target price had yet another raise to $167, while Jefferies analysts kept a Hold rating on MKC stock. On May 14, 2020, analysts increased their price target for MKC shares from 147 to 187.
The Average True Range (ATR) for McCormick & Company Incorporated is set at 1.21, with the Price to Sales ratio for MKC stock in the period of the last 12 months amounting to 3.97. The Price to Book ratio for the last quarter was 5.68, with the Price to Cash per share for the same quarter was set at 0.97. Price to Free Cash Flow for MKC in the course of the last twelve months was 59.72 with Quick ratio for the last quarter at 0.40.
Trading performance analysis for MKC stock
McCormick & Company Incorporated [MKC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.57. With this latest performance, MKC shares dropped by -0.69% in over the last four-week period, additionally sinking by -6.86% over the last 6 months – not to mention a drop of -1.54% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MKC stock in for the last two-week period is set at 50.77, with the RSI for the last a single of trading hit 54.51, and the three-weeks RSI is set at 49.42 for McCormick & Company Incorporated [MKC]. The present Moving Average for the last 50 days of trading for this stock 89.26, while it was recorded at 87.53 for the last single week of trading, and 91.20 for the last 200 days.
McCormick & Company Incorporated [MKC]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and McCormick & Company Incorporated [MKC] shares currently have an operating margin of +18.16 and a Gross Margin at +41.04. McCormick & Company Incorporated’s Net Margin is presently recorded at +13.34.
Return on Total Capital for MKC is now 12.13, given the latest momentum, and Return on Invested Capital for the company is 10.06. Return on Equity for this stock inclined to 20.28, with Return on Assets sitting at 6.66. When it comes to the capital structure of this company, McCormick & Company Incorporated [MKC] has a Total Debt to Total Equity ratio set at 128.50. Additionally, MKC Total Debt to Total Capital is recorded at 56.24, with Total Debt to Total Assets ending up at 41.73. Long-Term Debt to Equity for the company is recorded at 98.25, with the Long-Term Debt to Total Capital now at 43.00.
Reflecting on the efficiency of the workforce at the company, McCormick & Company Incorporated [MKC] managed to generate an average of $57,492 per employee. Receivables Turnover for the company is 10.86 with a Total Asset Turnover recorded at a value of 0.50.McCormick & Company Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.80.
McCormick & Company Incorporated [MKC]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, McCormick & Company Incorporated posted 0.73/share EPS, while the average EPS was predicted by analysts to be reported at 0.58/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 25.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MKC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for McCormick & Company Incorporated go to 6.00%.
An analysis of insider ownership at McCormick & Company Incorporated [MKC]
There are presently around $17,748 million, or 82.50% of MKC stock, in the hands of institutional investors. The top three institutional holders of MKC stocks are: VANGUARD GROUP INC with ownership of 28,034,750, which is approximately -0.582% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 20,915,508 shares of the stock with an approximate value of $1.85 billion in MKC stocks shares; and STATE FARM MUTUAL AUTOMOBILE INSURANCE CO, currently with $1.55 billion in MKC stock with ownership of nearly 0% of the company’s market capitalization.
Positions in McCormick & Company Incorporated stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 439 institutional holders increased their position in McCormick & Company Incorporated [NYSE:MKC] by around 11,048,048 shares. Additionally, 425 investors decreased positions by around 10,909,909 shares, while 184 investors held positions by with 178,989,979 shares. The mentioned changes placed institutional holdings at 200,947,936 shares, according to the latest SEC report filing. MKC stock had 99 new institutional investments in for a total of 3,062,535 shares, while 88 institutional investors sold positions of 2,781,322 shares during the same period.