Trust Co. of Toledo NA OH Has $7.03 Million Stake in Mastercard Incorporated $MA

Trust Co. of Toledo NA OH lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,510 shares of the credit services provider’s stock after purchasing an additional 325 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Mastercard were worth $7,030,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MA. Brighton Jones LLC grew its stake in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares in the last quarter. GAMMA Investing LLC raised its position in Mastercard by 19.9% during the first quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock worth $8,226,000 after acquiring an additional 2,493 shares in the last quarter. Zhang Financial LLC lifted its stake in Mastercard by 17.0% in the first quarter. Zhang Financial LLC now owns 2,024 shares of the credit services provider’s stock valued at $1,109,000 after acquiring an additional 294 shares during the last quarter. Arvest Investments Inc. bought a new position in shares of Mastercard in the 1st quarter valued at about $624,000. Finally, Compagnie Lombard Odier SCmA grew its position in shares of Mastercard by 121.4% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 1,948 shares of the credit services provider’s stock valued at $1,068,000 after acquiring an additional 1,068 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 1.4%

Shares of Mastercard stock opened at $556.80 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a 50-day moving average of $581.01 and a 200-day moving average of $562.77. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The stock has a market cap of $503.35 billion, a PE ratio of 37.55, a PEG ratio of 2.31 and a beta of 0.97.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. During the same quarter in the previous year, the company earned $3.50 EPS. The business’s revenue was up 16.8% on a year-over-year basis. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s dividend payout ratio is currently 20.50%.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,330,922.26. The trade was a 36.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MA. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Wolfe Research set a $655.00 target price on Mastercard in a research note on Monday, June 23rd. Morgan Stanley boosted their target price on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. KeyCorp raised their price target on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $634.04.

Mastercard Company Profile

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.