Analyst Expects McCormick & Co., Inc. (NYSE: MKC) To Make Big Moves

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. Earlier, Yahoo Finance discussed this stock as it revealed McCormick Declares $0.42 Quarterly Dividend.

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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. The current market capitalization of McCormick & Co., Inc. is $20.39B. A total of 4.35 million shares were traded on the day, compared to an average of 2.08M shares.

In the most recent transaction, MANGAN MICHAEL D sold 5,000 shares of MKC for 65.20 per share on Feb 15 ’24. After the transaction, the Director now owns 39,181 company shares. In a previous transaction on Oct 25 ’23, Schwartz Jeffery D sold 2,000 shares at 64.37 per share. MKC shares that Vice President, Gen Counsel owns now total 55,174.

Among the insiders who sold shares, MANGAN MICHAEL D disposed of 5,000 shares on Aug 21 ’23 at a per-share price of $83.63. This resulted in the Director holding 39,181 shares of MKC after the transaction. In another insider transaction, Schwartz Jeffery D sold 2,600 shares at $90.02 per share on Jul 28 ’23. Company shares held by the Vice President, Gen Counsel now total 60,774.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. McCormick & Co., Inc. pays an annual dividend of $1.59, resulting in a dividend yield of 2.09%, and it has a price to earnings (P/E) ratio of 28.99. MKC’s most recent ex-dividend date was when it declared a $0.42 quarterly dividend that was paid in cash on 4/22/2024. Previously, the company paid the dividend on 1/8/2024 with an ex-dividend date of 12/28/2023. The MKC stock dividend was $0.42 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. In terms of 52-week highs and lows, MKC has a high of $94.39 and a low of $59.13.

As of this writing, MKC has an earnings estimate of $0.61 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.65 per share and a lower estimate of $0.57. The company reported an EPS of $0.85 in the last quarter, which was 7.60% higher than expectations of $0.79.

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, 0 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 Buy with a score of 3.00.

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