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Why McCormick Stock Jumped Today
MKCMcCormick(MKC) The Motley Fool·2024-06-28 01:22

Shares of flavorings and spices leader McCormick (MKC 4.82%) were up 4% as of 12:45 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence. McCormick continues to turn things around A price-to-sales (P/S) ratio of 2.8 means McCormick could prove to be a blue chip stock trading at a fair price. The company would be trading at a below-market valuation of 21 times earnings if it can return to the 13.5% net profit margins it averaged prior to the high inflation of 2022 and 2023. stret ...