McCormick & Company Incorporated (MKC)
McCormick & Company is an American multinational food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products to retail outlets, food manufacturers, and foodservice businesses.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 20.44% per annum.
- MKC price at the close of March 31, 2025 was $82.31 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 0.67% per annum.
- MKC price at the close of March 31, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of MKC price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: October 3, 2023
End date: March 31, 2025
a = 3.4891
b = 0.0005
s = 0.0453
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0005) – 1
= 20.44%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0453) – 1
= 19.87%
October 3, 2023 calculations
Top border of price channel:
Exp(Y882)
= Exp(a + b × X882 + 2 × s)
= Exp(a + b × 1,280 + 2 × s)
= Exp(3.4891 + 0.0005 × 1,280 + 2 × 0.0453)
= Exp(4.2318)
= $68.84
Bottom border of price channel:
Exp(Y882)
= Exp(a + b × X882 – 2 × s)
= Exp(a + b × 1,280 – 2 × s)
= Exp(3.4891 + 0.0005 × 1,280 – 2 × 0.0453)
= Exp(4.0506)
= $57.43
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(3.4891 + 0.0005 × 1,825 + 2 × 0.0453)
= Exp(4.5095)
= $90.88
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.4891 + 0.0005 × 1,825 – 2 × 0.0453)
= Exp(4.3283)
= $75.81
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 20.44% per annum.
- MKC price at the close of March 31, 2025 was $82.31 and was inside the primary price channel.
Secondary Trend
Start date: July 30, 2024
End date: March 31, 2025
a = 4.3322
b = 0.0000
s = 0.0361
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 0.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0361) – 1
= 15.52%
July 30, 2024 calculations
Top border of price channel:
Exp(Y1,088)
= Exp(a + b × X1,088 + 2 × s)
= Exp(a + b × 1,581 + 2 × s)
= Exp(4.3322 + 0.0000 × 1,581 + 2 × 0.0361)
= Exp(4.4331)
= $84.19
Bottom border of price channel:
Exp(Y1,088)
= Exp(a + b × X1,088 – 2 × s)
= Exp(a + b × 1,581 – 2 × s)
= Exp(4.3322 + 0.0000 × 1,581 – 2 × 0.0361)
= Exp(4.2888)
= $72.88
March 31, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(4.3322 + 0.0000 × 1,825 + 2 × 0.0361)
= Exp(4.4376)
= $84.57
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.3322 + 0.0000 × 1,825 – 2 × 0.0361)
= Exp(4.2933)
= $73.20
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 0.67% per annum.
- MKC price at the close of March 31, 2025 was inside the secondary price channel.