Trust Co. of Toledo NA OH Purchases 474 Shares of Mastercard Incorporated (NYSE:MA)

by · The Markets Daily

Trust Co. of Toledo NA OH boosted its position in Mastercard Incorporated (NYSE:MA – Free Report) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,575 shares of the credit services provider’s stock after purchasing an additional 474 shares during the period. Trust Co. of Toledo NA OH’s holdings in Mastercard were worth $6,095,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC bought a new position in shares of Mastercard during the 3rd quarter valued at $25,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mastercard during the second quarter valued at approximately $34,000. Fairway Wealth LLC purchased a new stake in Mastercard in the second quarter worth $35,000. First Personal Financial Services bought a new position in Mastercard in the 3rd quarter worth $39,000. Finally, Lowe Wealth Advisors LLC lifted its position in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MA. Susquehanna upped their price objective on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday, November 1st. William Blair reissued an “outperform” rating on shares of Mastercard in a report on Monday, November 25th. Robert W. Baird raised their price target on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Barclays upped their price target on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, Bank of America upped their price objective on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $566.13.

View Our Latest Report on MA

Mastercard Stock Performance

Shares of MA stock traded down $0.32 on Monday, hitting $504.35. 1,077,904 shares of the stock traded hands, compared to its average volume of 2,264,802. The company has a market capitalization of $462.91 billion, a PE ratio of 38.15, a PEG ratio of 2.36 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $425.48 and a 1-year high of $537.70. The company’s fifty day moving average is $524.09 and its 200 day moving average is $492.31. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period last year, the company earned $3.39 earnings per share. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Friday, January 10th. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s payout ratio is currently 23.00%.

Mastercard announced that its Board of Directors has initiated a share repurchase program on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Mastercard Profile

(Free Report)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.

Further Reading

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