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McCormick & Company, Incorporated (NYSE: MKC) – Is this large market cap stock undervalued?

McCormick & Company, Incorporated (NYSE: MKC), is firmly in the large market cap category with market cap of 12420.7. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for McCormick & Company, Incorporated is 97.77 (with a change from open of 0.36%), this in conjunction with a target price of 103.63. Volume today has so far reached 531900, with an average volume of about 606.31. The GAP for this stock, is -0.13%.

The P/E ratio is 29, bringing the forward P/E to a value of 23.7. The current EPS for McCormick & Company, Incorporated, is 3.37, with a EPS growth for this year coming to a value of -7.00%. Performance has been interesting with performance year to date coming to 15.23%.

Looking further into the growth statistics for McCormick & Company, Incorporated, EPS is looking like it will grow 10.03% in the next year. Looking even further it is projected to be 8.87%. Quarter over quarter is 11.90% for EPS growth and for sales growth quarter over quarter it is 3.80%. Looking at past EPS growth statistics we see that for the past five years it has been 2.50%. Sales growth for the past five years has in fact been 5.20%.

Looking at the ownership, we see that the insider ownership is at 0.25% and institutional ownership is 83.00%. Shares outstanding is 127.04, while shares float is at a value of 121.62. Float short for McCormick & Company, Incorporated is 4.15% and the short ratio is 8.33.

In terms of debt, long term debt/equity is 0.6, while the total debt/equity comes to 0.89. The ability to meet these debts, means that the current ratio is 1.1, and the quick ratio is 0.5. The most recent gross margin is 40.90% and their operating margin is 13.90%. The profit margin is 10.00%.

McCormick & Company, Incorporated has seen returns on assets of 9.60%, and on investment, 13.60%. Return on equity is 25.20%. Price/Earnings to growth ratio is 3.27. Price/Sales ratio is at a value of 2.85, with Price/book ratio coming to 7.06 and Price/cash is 94.45, and finally Price/Free cash Flow is 46.94.

The simple moving averages are -2.77% and 2.75% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -8.97% and the 52 week low is 28.22%.

McCormick & Company, Incorporated has a dividend yield of 1.76%, with a current price of 97.77. The ability to pay this means the payout ratio is 48.90%. This is in an industry, Processed & Packaged Goods, with equally high dividends from other companies in this sector, which it is Consumer Goods. McCormick & Company, Incorporated is based in USA.

Performance in the Processed & Packaged Goods industry means that McCormick & Company, Incorporated has seen performance for the past week of 1.35%, with performance for the month coming to -4.33%. Looking at the data for the quarter it is at a value of -4.42%, and for the half year the performance is 22.63%. Volatility for this week is 0.86% and for the month this is 1.24%.

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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Peter Clarke

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