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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 12453.17. 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 96.44 (with a change from open of 0.72%), this in conjunction with a target price of 104.75. Volume today has so far reached 284785, with an average volume of about 628.67. The GAP for this stock, is -0.11%.

The P/E ratio is 28.44, bringing the forward P/E to a value of 23.23. 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 12.98%.

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 129.91, while shares float is at a value of 121.62. Float short for McCormick & Company, Incorporated is 4.15% and the short ratio is 8.03.

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 3.21. Price/Sales ratio is at a value of 2.86, with Price/book ratio coming to 6.93 and Price/cash is 94.7, and finally Price/Free cash Flow is 47.06.

The simple moving averages are -5.23% and 1.80% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -10.21% and the 52 week low is 26.48%.

McCormick & Company, Incorporated has a dividend yield of 1.79%, with a current price of 96.44. 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 -0.33%, with performance for the month coming to -5.19%. Looking at the data for the quarter it is at a value of -3.81%, and for the half year the performance is 17.32%. Volatility for this week is 1.58% and for the month this is 1.27%.

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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