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Is this Large Market Cap Stock target price reasonable for McCormick & Company, Incorporated (NYSE:MKC)?

The company in question is, McCormick & Company, Incorporated (NYSE:MKC) currently with a stock price of 104.21 (0.38% today). The market cap for McCormick & Company, Incorporated is 13166.45, and is in the sector Consumer Goods, and Processed & Packaged Goods industry. The target price for McCormick & Company, Incorporated is 106. Currently McCormick & Company, Incorporated is trading with a P/E of 30.8, and a forward P/E of 25.08. Average volume for McCormick & Company, Incorporated is 698.72 and so far today it is 138899.

Performance in the last year for McCormick & Company, Incorporated has been 31.40%. For EPS growth, McCormick & Company, Incorporated has seen a growth of -7.00%, and is looking to grow in the next year to 10.22%. More long term stats show that EPS growth has been 2.50% over the last five years and could be 9.33% for the next five years. McCormick & Company, Incorporated has seen sales growth quarter over quarter at 3.80%, with EPS growth quarter over quarter at 11.90%. The 20-day simple moving average is 3.74%, with the 200-day simple moving average coming to 14.38%.

Since the IPO date for McCormick & Company, Incorporated on the 3/26/1990, McCormick & Company, Incorporated has seen performance year to date to be 22.36%. With McCormick & Company, Incorporated trading at 104.21, the dividend yield is 1.66%, and the EPS is 3.37.

So could McCormick & Company, Incorporated, be undervalued? Well as said before P/E is 30.8. The PEG is 3.3, P/S is 3.02 and the P/B is at 7.5. The P/cash is 100.13, with P/free cash flow at 49.76.

McCormick & Company, Incorporated ability to deal with debt shows that the current ratio is 1.1, and the quick ratio is 0.5. This is with long term debt/equity at 0.6, and total debt/equity at 0.89.

In terms of margins, McCormick & Company, Incorporated has a gross margin of 40.90%, an operating margin of 13.90% and a profit margin of 10.00%.Payout ratio for McCormick & Company, Incorporated is 48.90%. Return on assets come to 9.60% with return on investment coming to 13.60%.

Insider ownership for McCormick & Company, Incorporated, is at 0.25% and institutional ownership comes to 83.80%. Outstanding shares are at 126.82. While shares float is 121.62. The float short is currently 4.46%, and short ratio is 7.76.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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