In yesterday’s Wall Street session, McCormick & Co., Inc. (NYSE:MKC) shares traded at $70.60, up 4.33% from the previous session.
MKC stock price is now -2.43% away from the 50-day moving average and 1.73% away from the 200-day moving average. The market capitalization of the company currently stands at $18.95B.
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With the price target enhanced from $68 to $69, Citigroup Upgraded its rating from Sell to Neutral for McCormick & Co., Inc. (NYSE: MKC). , while ‘Citigroup’ rates the stock as ‘Sell’
In other news, Kurzius Lawrence Erik, Director sold 80,000 shares of the company’s stock on May 21 ’24. The stock was sold for $5,900,024 at an average price of $73.75. Upon completion of the transaction, the Director now directly owns 199,258 shares in the company, valued at $14.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’24, Chief Growth Officer Jenkins Katherine sold 2,732 shares of the business’s stock. A total of $207,390 was realized by selling the stock at an average price of $75.91. A total of 6.39% 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 $93.77. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 0.69, and a quick ratio of 0.31. According to the stock market information, the enterprise value for the company is $22519287808, which is based on a 25.75 price-to-earnings ratio, a 3.43 price-to-earnings-growth ratio, and a beta of 0.74. The fifty day moving average price for MKC is $72.334 and a two-hundred day moving average price translates $69.3458 for the stock.
The latest earnings results from McCormick & Co., Inc. (NYSE: MKC) was released for 2024-02-29. The net profit margin was 11.07% and return on equity was 14.41% 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.
