Joseph D. Mansueto Sells 8,954 Shares of Morningstar, Inc. (NASDAQ:MORN) Stock

Morningstar, Inc. (NASDAQ:MORN) Chairman Joseph D. Mansueto sold 8,954 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $294.34, for a total transaction of $2,635,520.36. Following the transaction, the chairman now owns 10,741,312 shares of the company’s stock, valued at approximately $3,161,597,774.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Morningstar Stock Performance

Shares of MORN opened at $299.86 on Wednesday. The company has a 50-day simple moving average of $302.16 and a 200-day simple moving average of $283.95. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $12.82 billion, a PE ratio of 60.58 and a beta of 1.15. Morningstar, Inc. has a 52-week low of $185.10 and a 52-week high of $316.05.

Morningstar (NASDAQ:MORN) last announced its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.73 earnings per share (EPS) for the quarter. The business had revenue of $542.80 million during the quarter. Morningstar had a net margin of 10.13% and a return on equity of 21.79%.

Morningstar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 5th were issued a $0.405 dividend. The ex-dividend date was Thursday, April 4th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.54%. Morningstar’s dividend payout ratio is presently 32.73%.

Analyst Upgrades and Downgrades

MORN has been the subject of a number of analyst reports. TheStreet upgraded shares of Morningstar from a “c” rating to a “b” rating in a research report on Friday, February 23rd. StockNews.com upgraded shares of Morningstar from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th.

Hedge Funds Weigh In On Morningstar

A number of large investors have recently made changes to their positions in the stock. Principal Securities Inc. acquired a new stake in Morningstar in the 4th quarter valued at about $29,000. GAMMA Investing LLC acquired a new stake in Morningstar in the 4th quarter valued at about $35,000. Harvest Fund Management Co. Ltd acquired a new stake in Morningstar in the 3rd quarter valued at about $42,000. Fifth Third Bancorp grew its stake in Morningstar by 55.2% in the 3rd quarter. Fifth Third Bancorp now owns 194 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 69 shares during the last quarter. Finally, CVA Family Office LLC acquired a new stake in Morningstar in the 4th quarter valued at about $65,000. Hedge funds and other institutional investors own 57.02% of the company’s stock.

About Morningstar

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.