Mccormick Etf Profile

MKC -  USA Etf  

USD 87.84  2.34  2.74%

Market Performance
0 of 100
Odds Of Distress
Less than 20
Mccormick is trading at 87.84 as of the 26th of June 2022, a 2.74 percent up since the beginning of the trading day. The etf's open price was 85.5. Mccormick has about a 20 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Mccormick are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of July 2020 and ending today, the 26th of June 2022. Click here to learn more.
McCormick Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland. Mccormick operates under Packaged Foods classification in the United States and is traded on New York Stock Exchange. The company has 249.35 M outstanding shares of which 5.43 M shares are now shorted by investors with about 4.36 days to cover. More on Mccormick

Moving together with Mccormick

0.78BGSBG Foods Holdings Normal TradingPairCorr
0.74BRCNBurcon Nutrascience Financial Report 5th of July 2022 PairCorr
0.7BYNDBeyond Meat Normal TradingPairCorr

Mccormick Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Mccormick's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Mccormick or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Mccormick generated a negative expected return over the last 90 days
Mccormick was also traded as McCormick Company Incorporat on NYQ Exchange under the symbol MKC-V.
The company has 5.37 B in debt with debt to equity (D/E) ratio of 1.16, which is OK given its current industry classification. Mccormick has a current ratio of 0.72, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Mccormick until it has trouble settling it off, either with new capital or with free cash flow. So, Mccormick's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Mccormick sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mccormick to invest in growth at high rates of return. When we think about Mccormick's use of debt, we should always consider it together with cash and equity.
Over 86.0% of Mccormick shares are owned by institutional investors
Latest headline from MacroaxisInsider: Acquisition by Jacques Tapiero of 188 shares of Mccormick subject to Rule 16b-3
Older SymbolMKC-V
ChairmanGordon Stetz
Fama & French Classification
Average Analyst Recommendation
Analysts covering Mccormick report their recommendations after researching Mccormick's financial statements, talking to executives and customers, or listening in on Mccormick's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Mccormick. The Mccormick consensus assessment is calculated by taking the average forecast from all of the analysts covering Mccormick.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Mccormick's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Financial Strength
Mccormick's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Mccormick's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Mccormick's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Mccormick's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
N/A ( Average Bond Rating ) Not Rated
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Mccormick's financial leverage. It provides some insight into what part of Mccormick's total assets is financed by creditors.
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By using current balance sheet information, investors can analyze the liability, assets, and equity on Mccormick's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Mccormick deploys its capital and how much of that capital is borrowed.
Liquidity
Mccormick cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 5.37 B in debt with debt to equity (D/E) ratio of 1.16, which is OK given its current industry classification. Mccormick has a current ratio of 0.72, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Mccormick until it has trouble settling it off, either with new capital or with free cash flow. So, Mccormick's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Mccormick sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mccormick to invest in growth at high rates of return. When we think about Mccormick's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

894.22 MillionShare
Float Shares264.14M
Earnings Quarterly Growth-4.30%
Next Fiscal Year End30th of November 2023
Number Of Analyst Opinions11.0
Average Daily Volume In Three Month1.24M
Target High Price110
Enterprise Value To Revenue5.03
Target Mean Price98.27
Quick Ratio0.28
Trailing Annual Dividend Yield1.61%
Average Daily Volume Last 10 Day1.2M
Date Short Interest29th of April 2022
Fifty Two Week High107.35
Last Fiscal Year End30th of November 2021
Earnings Growth-5.00%
Fifty Day Average95.63
Forward Price Earnings24.44
Most Recent Quarter28th of February 2022
Target Low Price78.0
Two Hundred Day Average92.06
Revenue Growth2.80%
Trailing Annual Dividend Rate1.33
Fifty Two Week Low77.85
Shares Percent Shares Out2.02%
Shares Short Prior Month4.73M
Payout Ratio50.18%
Target Median Price100.0
Recommendation Mean3.0
Enterprise Value To Ebitda25.65
Gross Margins39.04%
Mccormick [MKC] is traded in USA and was established null. Mccormick was also traded as McCormick Company Incorporat on NYQ Exchange under the symbol MKC-V. Mccormick is listed under Food Products category by Fama And French industry classification. The fund is not categorized under any group at the present time. The fund now have in assets. Mccormick has about 338.4 M in cash with 878.4 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.26.
Check Mccormick Probability Of Bankruptcy

Mccormick Target Price Odds Analysis

What are Mccormick's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Mccormick jumping above the current price in 90 days from now is about 88.78%. The Mccormick probability density function shows the probability of Mccormick etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Mccormick has a beta of 0.7514. This indicates as returns on the market go up, Mccormick average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Mccormick will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Mccormick is significantly underperforming DOW.
  Odds Below 87.84HorizonTargetOdds Above 87.84
11.13%90 days
 87.84 
88.78%
Based on a normal probability distribution, the odds of Mccormick to move above the current price in 90 days from now is about 88.78 (This Mccormick probability density function shows the probability of Mccormick Etf to fall within a particular range of prices over 90 days) .

Mccormick Top Holders

Mccormick Historical Income Statement

Mccormick Income Statement is one of the three primary financial statements used for reporting Mccormick's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Mccormick revenue and expense. Mccormick Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Mccormick Weighted Average Shares is projected to increase significantly based on the last few years of reporting. The past year's Weighted Average Shares was at 307.42 Million. The current year Weighted Average Shares Diluted is expected to grow to about 316.8 M, whereas Direct Expenses is forecasted to decline to about 3 B. View More Fundamentals

Mccormick Against Markets

Picking the right benchmark for Mccormick etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Mccormick etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Mccormick is critical whether you are bullish or bearish towards Mccormick at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mccormick without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Investing Mccormick

You need to understand the risk of investing before taking a position in Mccormick. The danger of trading Mccormick is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Mccormick is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Mccormick. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mccormick is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, see Stocks Correlation. Note that the Mccormick information on this page should be used as a complementary analysis to other Mccormick's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

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When running Mccormick price analysis, check to measure Mccormick's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mccormick is operating at the current time. Most of Mccormick's value examination focuses on studying past and present price action to predict the probability of Mccormick's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Mccormick's price. Additionally, you may evaluate how the addition of Mccormick to your portfolios can decrease your overall portfolio volatility.
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The market value of Mccormick is measured differently than its book value, which is the value of Mccormick that is recorded on the company's balance sheet. Investors also form their own opinion of Mccormick's value that differs from its market value or its book value, called intrinsic value, which is Mccormick's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mccormick's market value can be influenced by many factors that don't directly affect Mccormick's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mccormick's value and its price as these two are different measures arrived at by different means. Investors typically determine Mccormick value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mccormick's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.