McAfee Corp. (NASDAQ:MCFE) has been assigned an average rating of “Hold” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $25.32.
MCFE has been the subject of several research analyst reports. Zacks Investment Research downgraded McAfee from a “hold” rating to a “sell” rating in a research note on Wednesday, August 18th. Mizuho boosted their target price on McAfee from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, June 17th. Piper Sandler upped their price objective on McAfee from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, June 16th. Finally, UBS Group assumed coverage on McAfee in a research note on Tuesday, September 7th. They issued a “neutral” rating and a $29.00 price objective for the company.
Shares of NASDAQ MCFE opened at $21.32 on Friday. The company has a market cap of $9.26 billion and a price-to-earnings ratio of -62.70. McAfee has a 12 month low of $14.80 and a 12 month high of $32.83. The stock has a 50-day moving average price of $26.70 and a two-hundred day moving average price of $25.63.
The business also recently announced a None dividend, which was paid on Friday, August 27th. Investors of record on Friday, August 13th were issued a $4.50 dividend. The ex-dividend date of this dividend was Monday, August 16th. McAfee’s payout ratio is presently 34.85%.
A number of hedge funds have recently made changes to their positions in MCFE. Legal & General Group Plc boosted its holdings in McAfee by 64,071.2% in the second quarter. Legal & General Group Plc now owns 2,339,039 shares of the company’s stock valued at $65,539,000 after acquiring an additional 2,335,394 shares during the last quarter. Vanguard Group Inc. boosted its holdings in McAfee by 76.3% in the second quarter. Vanguard Group Inc. now owns 5,159,794 shares of the company’s stock valued at $144,577,000 after acquiring an additional 2,233,809 shares during the last quarter. GAM Holding AG bought a new stake in McAfee in the first quarter valued at approximately $26,387,000. Ameriprise Financial Inc. boosted its holdings in McAfee by 34.6% in the first quarter. Ameriprise Financial Inc. now owns 3,901,045 shares of the company’s stock valued at $88,710,000 after acquiring an additional 1,003,257 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of McAfee by 36.1% during the 2nd quarter. BlackRock Inc. now owns 2,253,617 shares of the company’s stock worth $63,146,000 after buying an additional 597,920 shares in the last quarter. Institutional investors and hedge funds own 30.57% of the company’s stock.
McAfee Company Profile
McAfee Corp. provides various integrated security, privacy, and trust solutions to consumers, small and medium-sized businesses, large enterprises, and governments in the United States and internationally. The company operates in two segments, Consumer and Enterprise. Its security technologies enable home users and businesses to stay ahead of the wave of fileless attacks, viruses, malware, and other online threats.
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