Mitsubishi UFJ Trust & Banking Corp Acquires Shares of 163,226 StoneCo Ltd. $STNE

Key Points

• Mitsubishi UFJ Trust & Banking Corp acquired a new stake of 163,226 shares of StoneCo (NASDAQ:STNE) valued at about $2.41 million, representing roughly 0.06% of the company per its latest 13F filing.
• StoneCo paid a special dividend of $2.53 per share on May 4 and posted quarterly EPS of $0.50 (beating estimates by $0.02) while revenue missed expectations; the stock trades near $10.84 with a market cap of about $2.7 billion.
• Institutional investors hold 73.19% of StoneCo, with large position increases from Vanguard, Robeco and Coronation, and analysts have a consensus "Moderate Buy" rating with an average price target of $20.

Mitsubishi UFJ Trust & Banking Corp acquired a new stake in StoneCo Ltd. (NASDAQ:STNE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 163,226 shares of the company's stock, valued at approximately $2,414,000. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of StoneCo at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of STNE. Vanguard Group Inc. boosted its stake in shares of StoneCo by 32.6% in the fourth quarter. Vanguard Group Inc. now owns 4,415,683 shares of the company's stock worth $65,308,000 after acquiring an additional 1,085,506 shares during the last quarter. Clark Capital Management Group Inc. boosted its stake in shares of StoneCo by 1.7% in the third quarter. Clark Capital Management Group Inc. now owns 3,387,830 shares of the company's stock worth $64,064,000 after acquiring an additional 56,837 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of StoneCo in the third quarter worth approximately $58,017,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of StoneCo by 25.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,515,851 shares of the company's stock worth $37,209,000 after acquiring an additional 507,431 shares during the last quarter. Finally, Coronation Fund Managers Ltd. boosted its stake in shares of StoneCo by 71.7% in the fourth quarter. Coronation Fund Managers Ltd. now owns 2,499,733 shares of the company's stock worth $36,971,000 after acquiring an additional 1,043,464 shares during the last quarter. 73.19% of the stock is owned by institutional investors and hedge funds.

StoneCo Stock Down 2.3%

Shares of NASDAQ:STNE opened at $10.84 on Tuesday. StoneCo Ltd. has a 52-week low of $10.74 and a 52-week high of $19.95. The stock has a market cap of $2.70 billion, a P/E ratio of 7.09, a PEG ratio of 0.24 and a beta of 1.73. The business has a fifty day moving average of $14.33 and a two-hundred day moving average of $15.58. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.81.

StoneCo (NASDAQ:STNE - Get Free Report) last issued its earnings results on Tuesday, March 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. StoneCo had a return on equity of 21.55% and a net margin of 15.38%.The business had revenue of $675.42 million during the quarter, compared to the consensus estimate of $704.26 million. On average, research analysts expect that StoneCo Ltd. will post 1.99 earnings per share for the current year.

StoneCo Announces Dividend

The company also recently announced a special dividend, which was paid on Monday, May 4th. Shareholders of record on Friday, April 24th were paid a dividend of $2.53 per share. The ex-dividend date of this dividend was Friday, April 24th.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Santander lowered StoneCo from an "outperform" rating to a "neutral" rating in a research note on Thursday, January 29th. JPMorgan Chase & Co. lowered their price target on StoneCo from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 15th. UBS Group lowered their price target on StoneCo from $19.50 to $19.00 and set a "buy" rating on the stock in a research note on Wednesday, March 11th. Weiss Ratings raised StoneCo from a "sell (d+)" rating to a "hold (c)" rating in a research note on Thursday, March 5th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $22.00 price target on shares of StoneCo in a research note on Tuesday, March 3rd. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.00.

About StoneCo

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil's retail, restaurant and services sectors.

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