Cantillon Capital Management LLC Decreases Holdings in Moody’s Co. (NYSE:MCO)

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Cantillon Capital Management LLC cut its holdings in shares of Moody’s Co. (NYSE:MCO) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 612,481 shares of the business services provider’s stock after selling 12,964 shares during the quarter. Cantillon Capital Management LLC owned 0.32% of Moody’s worth $119,624,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. FMR LLC raised its stake in shares of Moody’s by 15.7% during the first quarter. FMR LLC now owns 4,583,309 shares of the business services provider’s stock worth $829,991,000 after acquiring an additional 620,741 shares in the last quarter. Cobblestone Capital Advisors LLC NY increased its stake in shares of Moody’s by 1.1% in the first quarter. Cobblestone Capital Advisors LLC NY now owns 59,608 shares of the business services provider’s stock worth $10,794,000 after buying an additional 661 shares during the period. Manning & Napier Group LLC purchased a new position in shares of Moody’s in the first quarter worth $106,236,000. TrimTabs Asset Management LLC increased its stake in shares of Moody’s by 5.0% in the first quarter. TrimTabs Asset Management LLC now owns 8,229 shares of the business services provider’s stock worth $1,490,000 after buying an additional 392 shares during the period. Finally, Pennsylvania Trust Co increased its stake in shares of Moody’s by 3.1% in the second quarter. Pennsylvania Trust Co now owns 37,578 shares of the business services provider’s stock worth $7,339,000 after buying an additional 1,145 shares during the period. 92.81% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently commented on MCO shares. Wells Fargo & Co lifted their target price on shares of Moody’s from $170.00 to $195.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. Morgan Stanley lifted their target price on shares of Moody’s from $150.00 to $164.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 10th. Cantor Fitzgerald lifted their target price on shares of Moody’s from $168.00 to $192.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. BMO Capital Markets lifted their target price on shares of Moody’s from $189.00 to $194.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. Finally, Barclays reaffirmed a “buy” rating on shares of Moody’s in a research note on Sunday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. Moody’s presently has a consensus rating of “Hold” and an average price target of $200.27.

In related news, EVP John J. Goggins sold 21,593 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $188.25, for a total value of $4,064,882.25. Following the transaction, the executive vice president now owns 87,352 shares in the company, valued at approximately $16,444,014. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Raymond W. Mcdaniel sold 7,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $212.89, for a total transaction of $1,596,675.00. Following the completion of the transaction, the insider now owns 205,294 shares in the company, valued at approximately $43,705,039.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,894 shares of company stock worth $18,149,003. Company insiders own 0.90% of the company’s stock.

NYSE:MCO opened at $206.30 on Wednesday. The company has a market capitalization of $40.63 billion, a PE ratio of 27.92 and a beta of 1.26. The firm has a fifty day moving average of $201.64. Moody’s Co. has a twelve month low of $129.26 and a twelve month high of $220.68. The company has a current ratio of 1.71, a quick ratio of 1.45 and a debt-to-equity ratio of 9.38.

Moody’s (NYSE:MCO) last announced its earnings results on Wednesday, July 31st. The business services provider reported $2.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.09. Moody’s had a net margin of 27.66% and a return on equity of 266.42%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business posted $2.04 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts predict that Moody’s Co. will post 8.02 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Monday, August 19th. Moody’s’s dividend payout ratio (DPR) is presently 27.06%.

Moody’s Profile

Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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Institutional Ownership by Quarter for Moody`s (NYSE:MCO)

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