Moody's Co. CEO Sells $8,600,625 in Stock (MCO)
Moody's Co. (NYSE:MCO) CEO Raymond W. Mcdaniel sold 93,750 shares of Moody's Co. stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $8,600,625.00. Following the completion of the transaction, the chief executive officer now directly owns 207,184 shares of the company’s stock, valued at approximately $19,007,060. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on MCO. Analysts at Goldman Sachs raised their price target on shares of Moody's Co. from $80.00 to $83.00 in a research note on Tuesday, August 5th. Separately, analysts at Benchmark Co. raised their price target on shares of Moody's Co. from $81.00 to $96.00 in a research note on Tuesday, July 29th. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Moody's Co. in a research note on Monday, July 28th. They now have a $104.00 price target on the stock, up previously from $100.00. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $90.33.
Shares of Moody's Co. (NYSE:MCO) traded up 0.89% on Wednesday, hitting $92.19. The stock had a trading volume of 214,309 shares. Moody's Co. has a 52 week low of $62.95 and a 52 week high of $95.00. The stock has a 50-day moving average of $89.68 and a 200-day moving average of $83.44. The company has a market cap of $19.470 billion and a price-to-earnings ratio of 21.58.
Moody's Co. (NYSE:MCO) last announced its earnings results on Friday, July 25th. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.11. The company had revenue of $873.50 million for the quarter, compared to the consensus estimate of $801.50 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. Analysts expect that Moody's Co. will post $4.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Stockholders of record on Wednesday, August 20th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, August 18th.
Moody’s Corporation (NYSE:MCO) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, financial services training and certification services, and outsourced research and analytical services to institutional customers.
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