Mccormick Company Incorporated Etf Beta
| MKC Etf | USD 78.18 0.57 0.72% |
McCormick Company Incorporated fundamentals help investors to digest information that contributes to McCormick Company's financial success or failures. It also enables traders to predict the movement of McCormick Etf. The fundamental analysis module provides a way to measure McCormick Company's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to McCormick Company etf.
McCormick |
McCormick Company Incorporated ETF Beta Analysis
McCormick Company's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current McCormick Company Beta | 0.76 |
Most of McCormick Company's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, McCormick Company Incorporated is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, McCormick Company Incorporated has a Beta of 0.76. This is much higher than that of the Food Products family and significantly higher than that of the Consumer Staples category. The beta for all United States etfs is notably lower than that of the firm.
McCormick Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses McCormick Company's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of McCormick Company could also be used in its relative valuation, which is a method of valuing McCormick Company by comparing valuation metrics of similar companies.McCormick Company is currently under evaluation in beta as compared to similar ETFs.
McCormick Company ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, McCormick Company's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to McCormick Company's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
McCormick Company Institutional Holders
Institutional Holdings refers to the ownership stake in McCormick Company that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of McCormick Company's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing McCormick Company's value.| Shares | Dz Bank Ag Deutsche Zentral-genossenschaftsbank Frankfurt Am Main | 2024-06-30 | 3.4 M | Northern Trust Corp | 2024-06-30 | 3.2 M | T. Rowe Price Investment Management,inc. | 2024-06-30 | 2.9 M | Ubs Asset Mgmt Americas Inc | 2024-06-30 | 2.8 M | Amvescap Plc. | 2024-06-30 | 2.4 M | Proshare Advisors Llc | 2024-06-30 | 2.4 M | Norges Bank | 2024-06-30 | 2.3 M | Goldman Sachs Group Inc | 2024-06-30 | 2.3 M | Fundsmith Investment Services Ltd. | 2024-06-30 | 2.2 M | Vanguard Group Inc | 2024-06-30 | 31.2 M | Blackrock Inc | 2024-06-30 | 19.4 M |
As returns on the market increase, McCormick Company's returns are expected to increase less than the market. However, during the bear market, the loss of holding McCormick Company is expected to be smaller as well.
McCormick Fundamentals
| Return On Equity | 0.15 | |||
| Return On Asset | 0.0516 | |||
| Profit Margin | 0.12 % | |||
| Operating Margin | 0.17 % | |||
| Current Valuation | 25.52 B | |||
| Shares Outstanding | 252.19 M | |||
| Shares Owned By Insiders | 0.02 % | |||
| Shares Owned By Institutions | 88.20 % | |||
| Number Of Shares Shorted | 4.76 M | |||
| Price To Earning | 33.17 X | |||
| Price To Book | 3.90 X | |||
| Price To Sales | 3.16 X | |||
| Revenue | 6.66 B | |||
| Gross Profit | 2.27 B | |||
| EBITDA | 963 M | |||
| Net Income | 680.6 M | |||
| Cash And Equivalents | 334 M | |||
| Cash Per Share | 1.28 X | |||
| Total Debt | 4.59 B | |||
| Debt To Equity | 1.17 % | |||
| Current Ratio | 0.77 X | |||
| Book Value Per Share | 20.20 X | |||
| Cash Flow From Operations | 1.24 B | |||
| Short Ratio | 2.36 X | |||
| Earnings Per Share | 2.94 X | |||
| Price To Earnings To Growth | 2.60 X | |||
| Target Price | 85.97 | |||
| Number Of Employees | 13.8 K | |||
| Beta | 0.76 | |||
| Market Capitalization | 21.13 B | |||
| Total Asset | 12.86 B | |||
| Retained Earnings | 3.25 B | |||
| Working Capital | (1.1 B) | |||
| Current Asset | 1.42 B | |||
| Current Liabilities | 1.42 B | |||
| Annual Yield | 0.02 % | |||
| Five Year Return | 1.54 % | |||
| Net Asset | 12.86 B | |||
| Last Dividend Paid | 1.65 |
About McCormick Company Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze McCormick Company Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of McCormick Company using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of McCormick Company Incorporated based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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McCormick Company financial ratios help investors to determine whether McCormick Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in McCormick with respect to the benefits of owning McCormick Company security.