McCormick & Co. stock forecast: up to 79.67 USD MKC stock price prognosis

STOCK

Forecast for Thu 23 May 2024 price 79.71

McCormick & Co. stock price forecast for further price development up to 14.67% (time horizon: 1 day) and price target of 79.67 USD. Short-term (time horizon: 2 weeks) McCormick & Co. share price prediction for 2024-05-23 with daily closed price projections

Key Facts

Symbol MKC 

ISIN US5797802064 

CUSIP 579780206


Currency USD


Category Miscellaneous Food Preparations & Kindred Products

Forecast price change %

Relative Strength Index (RSI)

Finance numbers

Revenue 5,869,000,000.0


Earnings per share 2.84


Dividends 1.13

On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

Summerized Form 10-K with GPT-2

BUSINESSMcCormick is a global leader in flavor. At the time of the acquisition, annual sales of Cholula were approximately $96 million. In China, we market our products under the McCormick and DaQiao® brands. For these products, we are a category leader in our primary markets. We have a large number of customers for our products. We generally have not used derivatives to manage the volatility related to this risk. Our profitability may suffer as a result of competition in our markets. Natural disasters could include an earthquake, fire, flood, tornado or severe storm. We operate our business and market our products internationally. ITEM 1B. UNRESOLVED STAFF COMMENTSNone. We focus on acquisition opportunities that meet the growing demand for flavor and health. We financed this fiscal 2021 acquisition with cash and short-term borrowings. Diluted earnings per share was $2.78 in 2020 and $2.62 in 2019. The effective tax rate was 19.8% in 2020 as compared to 19.2% in 2019. Pricing actions increased sales by 2.8% in 2020 as compared the prior year level. We recorded a net benefit of $301.5 million associated with the U.S. Tax Act during 2018. 2016-16, which we adopted on December 1, 2018. Pricing actions added 0.2% to sales in 2019. Under those agreements, the applicable leverage ratio is reduced periodically. Our leverage ratio can be temporarily impacted by our acquisition activity. It was a use of cash in 2020, 2019 and 2018. The change in trade accounts receivable was a source of cash in 2020, 2019 and 2018. The acquisition was funded with cash and short-term borrowings. Consolidations in these industries have created larger customers. We estimate the fair value of a reporting unit by using a discounted cash flow model. We conducted our audit in accordance with the standards of the PCAOB. Intercompany transactions have been eliminated. Actual amounts could differ from these estimates. Undiscounted cash flow analyses are used to determine if an impairment exists. Revenues are recorded net of trade and sales incentives and estimated product returns. Any taxes collected on behalf of government authorities are excluded from net sales. All other costs of advertising are expensed as incurred. We have elected to treat GILTI as a current period expense when incurred. See note 7 for further details. In December 2019, the FASB issued ASU No. These optional expedients can be applied from March 2020 through December 31, 2022. The purchase price was approximately $4.21 billion. Interest is payable semiannually in arrears in April and October of each year. Prior to payoff, the five-year loan bore interest at LIBOR plus 1.25%. The term of the lease is five years after commencement. Hedge ineffectiveness was not material. These funds typically have redemption periods of approximately 10 years. ( This provides a basis of comparability relative to similar assets. The subsidy provided under these plans is based primarily on age at date of retirement. 1-14920, as filed with the Securities and Exchange Commission on January 28, 2020. ( .$))300- $ #A"24T#\\P M " .$))300* ! \\F/TI_;K^2_[7J% MAH(B8J4E9:7F)F:I*6FIZBIJK2UMKXN;K$QKT]?;W^/GZ$0 " 0,"! M\'G.YO[&^C=Y(R+FQMH([2[MXKG45FE9$BF=J6UAXH*A\\ONYNJ M/FW_ #!_ $Q ( F )E\\K.$P]-UX_-&)Y2DA;25Q-3D M]*6UQ=7E]59F=H:6IK;&UN;V-T=79W\'EZWQ]?G]Q$ @(! @0$ P0%!@+RLX3#TW7C\\T:4I(6TE7I[?\'_]H # ,! ( J\'D//@?\'T\\ASGCCCCC MCCG @!@\\& !#] D #_[ 11\'5C:WD 0 $ 9 _^X #D%D M;V)E &3 ?_; ( Changes in enacted tax rates are reflect

Summerized Form 10-K with GPT-2 https://www.sec.gov/Archives/edgar/data/63754/000006375421000020/0000063754-21-000020.txt
Candlestick patterns

Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.

  • Meta analyst score 43.40/100
    • Not in ideal financial position.
    • Historical view, profit is growing.
    • Company revenue is not growing faster compared with the industry.
    • Stock price is above book price value.

Institutional ownership list is based on filling form information

Holding name Date Amount
A - CEERA INVESTMENTS, LLC 2022-12-31 40794
A - Baystate Wealth Management LLC 2023-06-30 80
A - BARCLAYS PLC 2023-06-30 474891
A - Delos Wealth Advisors, LLC 2023-06-30 115
STRATEGY ASSET MANAGERS LLC 2023-06-30 3009

Fund ownership list is based on filling form information

Fund name Date Amount Profile
DIMENSIONAL INVESTMENT GROUP INC 2023-07-31 71810 Long
DFA INVESTMENT TRUST CO 2023-07-31 34185 Long
Pacer Funds Trust 2023-07-31 14640 Long
Pacer Funds Trust 2023-07-31 840 Long
Pacer Funds Trust 2023-07-31 6 Long

Insider trading for McCormick & Co.

CIK Name Date Action T-Test 1day T-Test 7day T-Test 14day T-Test 30day
1626814 Schwartz Jeffery D 2023-10-25 SALE Accept Accept Accept Accept


Bollinger Bollinger Bands for McCormick & Co. can provide the information where the market is moving based on price information.


McCormick & Co. Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.



Converting prices to returns McCormick & Co..


On-Balance Volume information for McCormick & Co.. On-Balance Volume information can be an indicator for bullish or bearish outcome.



Accumulation / Distribution (A/D) indicator information for McCormick & Co.. The indicator identify divergences between price and volume flow.


Aroon Oscillator information for McCormick & Co.. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.


Average Directional Index (ADX) information for McCormick & Co.. The index can be used to identify the strengh of a trend.


Moving Average Convergence Divergence (MACD) for McCormick & Co.. The indicator helps to predict trend direction and the momentum of the trend.


Stochastic Oscillator as momentum indicator for McCormick & Co.. The indicator is useful for identifying overbought and oversold levels.


Relative Strength Index (RSI) for McCormick & Co.. RSI is a momentum oscillator that measures the speed and change of price development. The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period. Primary usage of the indicator is to identify overbought or oversold signals. When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30 [ Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio ].


Heikin Ashi trading signals are generated based on the Heikin Ashi candles, which are a type of candlestick that smooths out the price action and can help to identify trends. Heikin Ashi signals can be used to identify both long and short trading opportunities.


The awesome oscillator is a momentum indicator that measures the speed and strength of price movements. It is calculated by subtracting a 34-period simple moving average (SMA) from a 5-period SMA.


The Parabolic SAR indicator is a trend-following indicator that uses a series of dots to indicate when a trend is likely to reverse. The Parabolic SAR is a lagging indicator, meaning that it does not predict reversals, but rather confirms them after they have already occurred.


Moving Average Crossover


52W High 52W Low Market Cap

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Figure below show the stock predictions.
Date Closing price Prediction was updated
2024-05-22 79.67 2024-03-28 13:07
2024-05-23 79.71 2024-03-28 13:07
2024-05-20 79.59 2024-03-28 13:07
2024-05-21 79.63 2024-03-28 13:07
2024-04-19 78.17 2024-03-28 13:07
2024-04-18 78.23 2024-03-28 13:07
2024-04-30 78.95 2024-03-28 13:07
2024-05-13 79.37 2024-03-28 13:07
2024-05-14 79.43 2024-03-28 13:07
2024-04-01 76.05 2024-03-28 13:07
2024-04-02 75.91 2024-03-28 13:07
2024-04-03 76.38 2024-03-28 13:07
2024-04-05 76.87 2024-03-28 13:07
2024-04-08 76.99 2024-03-28 13:07
2024-04-09 77.45 2024-03-28 13:07
2024-05-15 79.46 2024-03-28 13:07
2024-04-15 78.16 2024-03-28 13:07
2024-04-16 78.07 2024-03-28 13:07
2024-04-17 78.07 2024-03-28 13:07
2024-04-12 77.96 2024-03-28 13:07
2024-04-24 78.64 2024-03-28 13:07
2024-04-11 77.72 2024-03-28 13:07
2024-04-04 76.86 2024-03-28 13:07
2024-05-16 79.52 2024-03-28 13:07
2024-05-01 78.99 2024-03-28 13:07
2024-05-02 79.01 2024-03-28 13:07
2024-05-03 79.10 2024-03-28 13:07
2024-05-06 79.11 2024-03-28 13:07
2024-05-07 79.20 2024-03-28 13:07
2024-05-08 79.26 2024-03-28 13:07
2024-05-09 79.31 2024-03-28 13:07
2024-04-10 77.25 2024-03-28 13:07
2024-04-22 78.65 2024-03-28 13:07
2024-04-23 78.60 2024-03-28 13:07
2024-04-25 78.73 2024-03-28 13:07
2024-04-26 78.77 2024-03-28 13:07
2024-04-29 78.84 2024-03-28 13:07
2024-05-17 79.55 2024-03-28 13:07
2024-05-10 79.34 2024-03-28 13:07

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.