Home Sectors Consumer Defensive Recent Fundamentals: McCormick And Company (NYSE: MKC)

Recent Fundamentals: McCormick And Company (NYSE: MKC)

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McCormick And Company is part of the consumer defensive sector and is in the consumer packaged goods industry. The company CEO is Lawrence E. Kurzius. McCormick and Co Inc acts as a manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. It serves its products to quick-service restaurants, retail grocery chains, and packaged food processors.

Previous Intraday Trading Performance:

The MKC stock showed a previous change of 0.63% with an open at 126.68 and a close of 127.49. It reached an intraday high of 127.56 and a low of 125.91.

PR Newswire:  McCormick & Company Named to Barron’s 100 Most Sustainable Companies List for 2019

Liquidity:

The stock has a market cap of $16.8b with 132.1m shares outstanding, of which the float is 131.9m shares. Trading volume reached 1,237,850 shares compared to its average volume of 1,637,402 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, McCormick And Company shares returned 2.16% and in the past 30 trading days it returned -8.29%. Over three months, it changed -14.22%. In one year it has changed 26.80% and within that year its 52-week high was 156.00 and its 52-week low was 99.53. MKC stock is 28.09% above its 52 Week Low.

Our calculations show a 200 day moving average of 125.42 and a 50 day moving average of 138.27. Currently MKC stock is trading 1.65% above its 200 day moving average and may be a good opportunity to buy.

PR Newswire:  McCormick & Company Named to Barron’s 100 Most Sustainable Companies List for 2019

Earnings:

The last annual fiscal EPS for the company was reported at 7 that ended on 30th of November 2018, which according to the previous close, that is a PE of 18.21. Based on 4 analyst estimates, the consensus EPS for the next quarter is 1.70. The TTM EPS is 4.97, which comes to a TTM PE of 25.65. Historically, the PE high was 40.60 and the PE low was 18.21. If the stock reached its PE low, that would represent a price of 90.52, which is a decrease of -28.99%.

The following are the last four quarter reported earnings per share:
11-30-2018:  1.67
08-31-2018:  1.28
05-31-2018:  1.02
02-28-2018:  1.00

The dividend per share is currently 2.28, which is a dividend yield of 1.79%. Also, the payout ratio is 45.88%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 106.71, which means it may be overvalued by -19.48%

Indicators to Watch:

Based on the latest filings, there is 0.20% of insider ownership and 110.60% of institutional ownership. Short-interest is 9,291,739, which is 7.03% of shares outstanding. The short-interest ratio or days-to-cover ratio is 6.91. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 0.21

SeekingAlpha:  Martin Marietta Materials Q4 2018 Earnings Preview

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 32.57%, return on assets is 9.04%, profit margin is 17.26%, price-to-sales is 3.10 and price-to-book is 5.28.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 4  :Past Performance Score
 1  :Financial Strength Score
 0  :Future Growth Score
 5  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.