How to Buy Mccormick & Co Stock
Mccormick & Co Inc
Mccormick & Co is a food company located in Maryland, United States, which is part of the Consumer Defensive sector, and is traded under the ticker MKC on the NYSE exchange.
Mccormick & Co stock last closed at $75.56, down 1.29% from the previous day, and has increased 0.27% in one year. It has overperformed other stocks in the Packaged Foods industry by 0.03 percentage points. Mccormick & Co stock is currently +7.03% from its 52-week low of $70.60, and -19.95% from its 52-week high of $94.39.
There are currently 268.33M MKC shares outstanding. The market capitalization of MKC is $20.27B. In the last 24 hours, 1.38M MKC shares were traded.
How to Buy Mccormick & Co Stock
Not sure how to invest in Mccormick & Co stock? Here's how.
- Decide where to buy Mccormick & Co stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Mccormick & Co stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Select your payment method and add your details.
- Analyze Mccormick & Co stock: The Mccormick & Co ticker symbol is MKC. Is Mccormick & Co stock a good investment? Should you buy shares of MKC? How do MKC's underlying business fundamentals look? Do top analysts think Mccormick & Co is a good buy? Why has MKC's stock price moved recently? (Hint: Our stock market research website can help you understand if MKC is a good stock to buy).
- Make your MKC purchase: Decide if you will purchase MKC shares at the current market price or use a limit order to purchase MKC stock at a particular price.
- Get notifications regarding your MKC position: Create a watchlist to important notifications about your position in Mccormick & Co stock.
Step 1: Decide where to buy Mccormick & Co stock
You need a brokerage account in order to access the NYSE market and buy MKC shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal info so you can buy MKC today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.
- Input your personal details to create your new brokerage account.
- Submit your application by clicking the "Create Account" button.
Step 3: Fund your investment account
Now that you have created your account on a good stock buying app, you need to deposit funds:
Watch this video walkthrough to see the process of depositing funds into your new investment account.
Step 4: Analyze Mccormick & Co stock
Once you have chosen the best place to buy Mccormick & Co stock, it's important to analyze their stock before you buy, so you truly wrap your head around the risk as well as the upside.
Mccormick & Co stock data
MKC Fundamentals
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on MKC's stock page.
Is MKC stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge MKC's fair value.
Using relative valuations measures:
- MKC may be undervalued based on its P/E ratio of 28.95x, relative to Packaged Foods industry P/E ratio of -39.91x
- MKC could be overvalued based on its P/B ratio of 4.11x, relative to Packaged Foods industry P/B ratio of 2.06x
- MKC may be overvalued based on its PEG ratio of 1.33x
You can do additional valuation analysis on MKC's stock here.
MKC Financials at a glance
Pros:
- Total MKC debt is lower than 5 years ago, relative to shareholder equity.
- MKC earnings of $1.03B is not enough to cover its interest payments.
Cons:
- MKC profit margin has gone down from 10.2% to 10.1% in the past year.
- There are more short-term liabilities than short-term assets on the MKC balance sheet.
- MKC's operating cash flow of $891.30M allows it to safely service it's debt of $4.86B.
- There are more long-term liabilities than short-term assets on the MKC balance sheet.
- MKC has a relatively high debt to equity ratio of 1.61.
Is Mccormick & Co stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 7 sell side analysts who give ratings on MKC, the consensus analyst rating on Mccormick & Co is a Hold
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest MKC Analyst Ratings
Alejandro Zamacona, a bottom 21% analyst from HSBC initiates coverage on MKC with a hold rating and announces their MKC price target of $86.00, on Sep 22, 2023.
Robert Moskow, a top 5% analyst from TD Cowen initiates coverage on MKC with a hold rating and announces their MKC price target of $87.00, on Sep 13, 2023.
Andrew Lazar, a bottom 11% analyst from Barclays maintains MKC with a hold rating and raises their MKC price target from $77.00 to $85.00, on Jul 3, 2023.
Peter Galbo, a top 23% analyst from Bank of America upgrades MKC to a strong buy rating and raises their MKC price target from $75.00 to $100.00, on Jun 6, 2023.
Matthew Smith, a top 25% analyst from Stifel Nicolaus reinstates MKC with a hold rating and announces their MKC price target of $82.00, on Apr 14, 2023.
You can dive deeper into what analysts are saying on the Mccormick & Co stock forecast page.
MKC Technicals
Is MKC Making Money?
Last year, MKC earnings were $657.40M. Over the past 5 year, MKC's earnings have grown by -3.96% per year. This was slower than the Packaged Foods industry average of 1.8%.
Last year, MKC revenue was $6.52B. Over the last 5 year, MKC's revenue has increased by 5.07% per year. This was slower than the Packaged Foods industry average of 7.62%.
Dig into MKC's earnings and revenue performance here.
Are MKC executives and large shareholders buying or selling the stock?
Over the last 12 months, insiders at MKC have sold more shares than they have bought.
Michael D. Mangan, Director of MKC, was the latest MKC insider to sell. They sold $418,140.00 worth of MKC shares on Aug 21, 2023.
Get more info about who owns MKC stock here.
Does MKC provide a stable income stream?
Mccormick & Co pays a dividend of 2.04%, compared to the Packaged Foods industry's average dividend yield of 3.86%. If you owned $1,000 worth of MKC stock, you would have received $20.38 in the past year.
Mccormick & Co dividend payments have consistently grown over the past decade but have not remained stable.
Get more analysis about Mccormick & Co dividend yield and history here.
Get analysis from other traders
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Step 5: Make your MKC purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific price limit, use a limit order.
Hit the Open Trade button and eToro will place the order.
If you need additional help with investing in stocks on eToro, click the helpful video below:
Step 6: Get notifications regarding your MKC position
Now that you own some shares in MKC, you'll want to stay up-to-date on your stock purchase.
Put MKC on a watchlist to get the latest updates about your MKC stock.
MKC Feed
How to Buy Stock in Mccormick & Co
To reiterate, here are the 6 steps to buy stock in Mccormick & Co:
- Decide where to buy Mccormick & Co stock
- Sign up for a brokerage account
- Fund your investment account
- Analyze Mccormick & Co stock
- Make your MKC purchase
- Get notifications regarding your MKC position
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Mccormick & Co, create your watchlist below.
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