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Wednesday, March 22, 2023

Searching For Real Value In Market Debris At McCormick & Company Incorporated (NYSE: MKC)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for McCormick & Company Incorporated (MKC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.07, or -0.10%, to $72.05. The McCormick & Company Incorporated has recorded 33,090 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted McCormick & Company Named to Barron’s 2023 100 Most Sustainable Companies List.

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Stocks Info

As a NYSE listed company, MKC falls under the Consumer Defensive sector while operating within the Packaged Foods industry segment. At the end of the last regular session, the stock closed at $72.12 and fluctuated between $72.79 as its day high and $70.60 as its day low. The current market capitalization of McCormick & Company Incorporated is $19.63B. A total of 1.46 million shares were traded on the day, compared to an average of 1.25M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, MKC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 7 BUYs and 5 SELLs from insiders. Insiders purchased 27,045 shares during that period but sold 22,754.

In the most recent transaction, MANGAN MICHAEL D sold 5,000 shares of MKC for 75.00 per share on Feb 17. After the transaction, the Director now owns 38,137 company shares. In a previous transaction on Nov 10, MANGAN MICHAEL D sold 5,000 shares at 82.00 per share. MKC shares that Director owns now total 38,137.

Among the insiders who sold shares, Kurzius Lawrence Erik disposed of 5,000 shares on Oct 24 at a per-share price of $74.41. This resulted in the Chairman, President & CEO holding 0 shares of MKC after the transaction. In another insider transaction, Foley Brendan M sold 3,200 shares at $75.47 per share on Oct 19. Company shares held by the President & COO now total 702.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. McCormick & Company Incorporated pays an annual dividend of $1.56, resulting in a dividend yield of 2.16%, and it has a price to earnings (P/E) ratio of 28.57. MKC’s most recent ex-dividend date was 12/29/2022 when it declared a $0.39 quarterly dividend that was paid in cash on 1/9/2023. Previously, the company paid the dividend on 10/25/2022 with an ex-dividend date of 10/7/2022. The MKC stock dividend was $0.37 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for MKC in the last 3 months, the mean price target is $75.16 with high estimates of $90.00 and low estimates of $63.00. In terms of 52-week highs and lows, MKC has a high of $105.19 and a low of $70.69.

As of this writing, MKC has an earnings estimate of $0.51 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.63 per share and a lower estimate of $0.44. The company reported an EPS of $0.69 in the last quarter, which was -9.20% lower than expectations of $0.76.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 16 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MKC is Underweight with a score of 3.30. A total of 2 analysts rated the stock as Buy while 1 rated it as Overweight while 8 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 4 thought it should be Sold.

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