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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 100.42 (0.10% today). The market cap for McCormick & Company, Incorporated is 12844.97, and is in the sector Consumer Goods, and Processed & Packaged Goods industry. The target price for McCormick & Company, Incorporated is 104.75. Currently McCormick & Company, Incorporated is trading with a P/E of 29.76, and a forward P/E of 24.26. Average volume for McCormick & Company, Incorporated is 666.84 and so far today it is 165791.

Performance in the last year for McCormick & Company, Incorporated has been 22.45%. For EPS growth, McCormick & Company, Incorporated has seen a growth of -7.00%, and is looking to grow in the next year to 10.09%. 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 -1.23%, with the 200-day simple moving average coming to 8.85%.

Since the IPO date for McCormick & Company, Incorporated on the 3/26/1990, McCormick & Company, Incorporated has seen performance year to date to be 18.24%. With McCormick & Company, Incorporated trading at 100.42, the dividend yield is 1.71%, and the EPS is 3.37.

So could McCormick & Company, Incorporated, be undervalued? Well as said before P/E is 29.76. The PEG is 3.19, P/S is 2.95 and the P/B is at 7.25. The P/cash is 97.68, with P/free cash flow at 48.54.

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 84.00%. Outstanding shares are at 128.04. While shares float is 121.62. The float short is currently 4.44%, and short ratio is 8.09.

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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Mark Hines

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