McCormick & Co., Inc. MKC Stock Analysis

McCormick & Co., Inc. stock trades under the ticker MKC & has shown recent bullish behavior that traders & investors should research further into.

MKC stock closed at $72.92/share on 3/15/2023.

McCormick & Co., Inc. MKC Stock’s Technical Performance Broken Down

McCormick & Co., Inc. MKC Stock's Technical Performance Over The Past Year
McCormick & Co., Inc. MKC Stock’s Technical Performance Over The Past Year

MKC Stock Price: $72.92

10 Day Moving Average: $72.39

50 Day Moving Average: $76.38

200 Day Moving Average: $80.81

RSI: 44.16

MACD: -1.183

Yesterday, MKC stock completed a bullish MACD crossover, gaining +1.5% on the day’s session.

Their RSI is neutral, and recent trading volumes have been above average compared to the year prior, as their price has been consolidating over the past few weeks.

MKC stock has support at the $72.39 (10 day moving average), $72.25 & $71.73/share price levels, as they try to break out & above their $76.38 (50 day moving average), $76.88 & $76.91/share resistance levels.

McCormick & Co., Inc. MKC Stock As A Long-Term Investment

Long-term oriented investors will like MKC stock’s 28.62 P/E (ttm), but may find their 4.13 P/B (mrq) to be a bit too rich.

Investors may wish to look deeper into their recent growth metrics, with a reported -2% Quarterly Revenue Growth Y-o-Y & -5.9% Quarterly Earnings Growth Y-o-Y.

Their balance sheet will also require a more thorough examination, with $334M of Total Cash (mrq) & $5.38B of Total Debt (mrq).

MKC stock pays a 2.06% dividend, which may or may not be sustainable in the long-run, as their payout ratio is 58.73%.

88.09% of MKC stock’s outstanding share float is owned by institutional investors.

McCormick & Co., Inc. MKC Stock As A Short-Term Trade Using Options

Traders with shorter time horizons can trade options to profit from price movements in MKC stock, while protecting their portfolios from volatility.

I am looking at the contracts with the 4/21 expiration date.

The $70 call options are in-the-money.

The $75, $80 & $85 puts are also all in-the-money, listed from highest to lowest levels of open interest.

Tying It All Together

MKC stock has many unique attributes that traders & investors swill find appealing.

Investors will like their P/E (ttm) & dividend yield, but may want to look deeper into recent growth & their balance sheet for clues about dividend sustainability.

Traders will like their recent technical performance.

Overall, it is worth taking a closer look into MKC stock to see how it fits into your portfolio strategy.