Moody's Co. (NYSE:MCO) announced a quarterly dividend on Wednesday, December 21st. Stockholders of record on Monday, February 20th will be given a dividend of 0.38 per share on Friday, March 10th. This represents a $1.52 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, February 15th. This is a boost from Moody's Co.’s previous quarterly dividend of $0.37.
Shares of Moody's Co. (NYSE:MCO) opened at 109.03 on Tuesday. The stock’s 50 day moving average is $100.48 and its 200 day moving average is $103.07. The stock has a market cap of $20.84 billion, a price-to-earnings ratio of 23.51 and a beta of 1.30. Moody's Co. has a 52-week low of $79.26 and a 52-week high of $110.83.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Moody's Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, October 26th. Cantor Fitzgerald set a $105.00 price objective on shares of Moody's Co. and gave the stock a “hold” rating in a report on Friday, October 21st. Credit Suisse Group started coverage on shares of Moody's Co. in a report on Sunday, November 20th. They set a “neutral” rating and a $94.00 price objective for the company. BMO Capital Markets reissued a “market perform” rating and set a $108.00 price objective on shares of Moody's Co. in a report on Tuesday, December 13th. Finally, Barclays PLC reissued a “hold” rating and set a $105.00 price objective on shares of Moody's Co. in a report on Monday, January 16th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $109.86.
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In related news, Director Darrell Duffie sold 500 shares of Moody's Co. stock in a transaction dated Friday, December 30th. The shares were sold at an average price of $94.64, for a total value of $47,320.00. Following the sale, the director now directly owns 21,171 shares in the company, valued at approximately $2,003,623.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Robert Fauber sold 1,970 shares of Moody's Co. stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $101.65, for a total transaction of $200,250.50. Following the completion of the sale, the insider now owns 42,016 shares in the company, valued at $4,270,926.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,275 shares of company stock worth $536,558. 1.48% of the stock is currently owned by insiders.
About Moody's Co.
Moody’s Corporation (Moody’s) 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 financial institution customers.
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