Mccormick Company Incorporated Etf Profile

MKC Etf  USD 76.03  1.27  1.64%   

Performance

7 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 13

 
100  
 
Zero
Low
McCormick Company is trading at 76.03 as of the 28th of March 2024, a -1.64 percent decrease since the beginning of the trading day. The etf's open price was 77.3. McCormick Company has less than a 13 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for McCormick Company Incorporated are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2022 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Food, Beverage & Tobacco
IPO Date
3rd of April 1972
Category
Consumer Defensive
Classification
Consumer Staples
McCormick Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. Mccormick is listed under Packaged Foods in the United States and is traded on New York Stock Exchange exchange. The company has 251.44 M outstanding shares of which 5.57 M shares are now shorted by investors with about 2.81 days to cover. More on McCormick Company Incorporated

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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. McCormick Company's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding McCormick Company or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, McCormick Company's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to McCormick Company's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
ChairmanGordon Stetz
Thematic Ideas
(View all Themes)
Business ConcentrationPackaged Foods & Meats, Food, Beverage & Tobacco, Consumer Defensive, NYSE Composite, SP 500 Index, Dividend Beast, Food Products, Consumer Staples, Food Products, Packaged Foods, Consumer Defensive (View all Sectors)
Average Analyst Recommendation
Analysts covering McCormick Company report their recommendations after researching McCormick Company's financial statements, talking to executives and customers, or listening in on McCormick Company's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering McCormick rporated. The McCormick consensus assessment is calculated by taking the average forecast from all of the analysts covering McCormick Company.
Tax Provision174.5 Million
Logo U R LimglogosUSmkc.png
Total Current Liabilities3.1 Billion
Total Stockholder Equity5.06 Billion
Currency CodeUSD
Fiscal Year EndNovember
Stock Based Compensation63.4 Million
Property Plant And Equipment Net1.54 Billion
Begin Period Cash Flow334 Million
Net Debt4.42 Billion
Accounts Payable1.12 Billion
Cash166.6 Million
Other Operating Expenses5.64 Billion
Non Current Assets Total10.86 Billion
Non Currrent Assets Other148.1 Million
Quarterly Earnings Growth Y O Y0.176
Forward Price Earnings26.738
Long Term Debt3.34 Billion
Cash And Short Term Investments166.6 Million
50 Day M A67.7082
CodeMKC
Common Stock Shares Outstanding269.8 Million
McCormick Company Incorporated [MKC] is traded in USA and was established null. McCormick Company is listed under Packaged Foods & Meats category by Fama And French industry classification. The fund is classified under Consumer Staples category within Food Products family. The entity is thematically classified as Dividend Beast. McCormick rporated now have 12.86 B in assets. with the current yeild of 0.02%. McCormick Company Incorporated has about 334 M in cash with 1.24 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.28.
Check McCormick Company Probability Of Bankruptcy

McCormick Company Target Price Odds Analysis

What are McCormick Company's target price odds to finish over the current price? Based on a normal probability distribution, the odds of McCormick Company jumping above the current price in 90 days from now is near 1%. The McCormick Company Incorporated probability density function shows the probability of McCormick Company etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon McCormick Company has a beta of 0.2703. This indicates as returns on the market go up, McCormick Company average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding McCormick Company Incorporated will be expected to be much smaller as well. Additionally, mcCormick Company Incorporated has an alpha of 0.1544, implying that it can generate a 0.15 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 76.03HorizonTargetOdds Above 76.03
99.99%90 days
 76.03 
0.01%
Based on a normal probability distribution, the odds of McCormick Company to move above the current price in 90 days from now is near 1 (This McCormick Company Incorporated probability density function shows the probability of McCormick Etf to fall within a particular range of prices over 90 days) .

McCormick Company Top Holders

AMINXAmana Income FundMutual FundLarge Blend
PFUTPutnam Sustainable FutureEtfMid-Cap Growth
PRNIXAllianzgi Nfj Mid CapMutual FundMid-Cap Value
ACEHXInvesco ExchangeMutual FundLarge Value
LCISXClearbridge SustainabilityMutual FundLarge Blend
AMANXAmana Income FundMutual FundLarge Blend
LCSTXClearbridge SustainabilityMutual FundLarge Blend
More Details

McCormick Company Major Institutional Holders

Institutional Holdings refers to the ownership stake in McCormick Company that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of McCormick Company's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing McCormick Company's value.
InstituionRecorded OnShares
Morgan Stanley - Brokerage Accounts2023-09-30
3.2 M
Goldman Sachs Group Inc2023-09-30
2.5 M
Vaughan Nelson Scarbrgh & Mccullough Lp2023-09-30
2.2 M
Capital Research Global Investors2023-09-30
2.2 M
Bank Of New York Mellon Corp2023-09-30
2.1 M
Champlain Investment Partners, Llc2023-09-30
2.1 M
Proshare Advisors Llc2023-09-30
2.1 M
Legal & General Group Plc2023-09-30
1.9 M
Amvescap Plc.2023-09-30
1.8 M
Vanguard Group Inc2023-09-30
30.1 M
Blackrock Inc2023-09-30
18.6 M
View McCormick Company Diagnostics

McCormick rporated Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. McCormick Company market risk premium is the additional return an investor will receive from holding McCormick Company long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in McCormick Company. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although McCormick Company's alpha and beta are two of the key measurements used to evaluate McCormick Company's performance over the market, the standard measures of volatility play an important role as well.

McCormick Company Against Markets

Picking the right benchmark for McCormick Company 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 Company 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 Company is critical whether you are bullish or bearish towards McCormick Company Incorporated at a given time. Please also check how McCormick Company's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in McCormick Company without increasing your portfolio risk or giving up the 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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How to buy McCormick Etf?

Before investing in McCormick Company, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in McCormick Company. To buy McCormick Company etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of McCormick Company. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase McCormick Company etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located McCormick Company Incorporated etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased McCormick Company Incorporated etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as McCormick Company Incorporated, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in McCormick Company Incorporated?

The danger of trading McCormick Company Incorporated 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 Company 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 Company. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile McCormick rporated 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in McCormick Company Incorporated. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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When running McCormick Company's price analysis, check to measure McCormick Company'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 Company is operating at the current time. Most of McCormick Company's value examination focuses on studying past and present price action to predict the probability of McCormick Company's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move McCormick Company's price. Additionally, you may evaluate how the addition of McCormick Company to your portfolios can decrease your overall portfolio volatility.
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The market value of McCormick rporated 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 Company's value that differs from its market value or its book value, called intrinsic value, which is McCormick Company'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 Company's market value can be influenced by many factors that don't directly affect McCormick Company'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 Company's value and its price as these two are different measures arrived at by different means. Investors typically determine if McCormick Company is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, McCormick Company'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.