McCormick & Co., Inc (NYSE: MKC): Is Its Value Too High Compared To Others?

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McCormick & Co., Inc (NYSE:MKC) shares, rose in value, with the stock price up by 0.44% to the previous day’s close as strong demand from buyers drove the stock to $75.09.

Actively observing the price movement in the recent trading, the stock is buoying the session at $74.76, falling within a range of $74.1 and $75.23. The value of beta (5-year monthly) is 0.764 whereas the PE ratio is 25.66 over 12-month period. Referring to stock’s 52-week performance, its high was $85.49, and the low was $64.33. On the whole, MKC has fluctuated by -4.78% over the past month.

With the market capitalization of McCormick & Co., Inc currently standing at about $20.15 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.71, with its dividend yield at 2.28%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.82B, with a low estimate of 1.59B and a high estimate of 1.62B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.61B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MKC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 3.67, with the price of MKC currently trading nearly 0.80% and -2.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.65, while the 7-day volatility ratio is showing 2.81% which for the 30-day chart, stands at 2.06%. Furthermore, McCormick & Co., Inc (MKC)’s beta value is 0.74, and its average true range (ATR) is 1.61.

A comparison of McCormick & Co., Inc (MKC) with its peers suggests the former has fared considerably weaker in the market. MKC showed an intraday change of 0.44% in today’s session so far, and over the past year, it grew by 12.41%%.

Data on historical trading for McCormick & Co., Inc (NYSE:MKC) indicates that the trading volumes over the past 10 days have averaged 2.37 and over the past 3 months, they’ve averaged 1.79 million. According to company’s latest data on outstanding shares, there are 268.36 million shares outstanding.

Nearly 6.16% of McCormick & Co., Inc’s shares belong to company insiders and institutional investors own 81.39% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.99 million shares as on 2024-12-31, resulting in a short ratio of 2.8. The stock has fallen by -1.51% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MKC stock heading into the next quarter.

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