Mastercard Incorporated $MA Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN decreased its position in Mastercard Incorporated (NYSE:MA) by 5.5% during the 4th quarter, Holdings Channel reports. The firm owned 18,845 shares of the credit services provider’s stock after selling 1,088 shares during the quarter. OLD National Bancorp IN’s holdings in Mastercard were worth $10,758,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MA. Robbins Farley increased its holdings in Mastercard by 50.0% during the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 18 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its holdings in shares of Mastercard by 250.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares in the last quarter. Tacita Capital Inc lifted its holdings in shares of Mastercard by 50.0% in the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 19 shares in the last quarter. Dagco Inc. grew its position in shares of Mastercard by 200.0% in the fourth quarter. Dagco Inc. now owns 66 shares of the credit services provider’s stock valued at $38,000 after purchasing an additional 44 shares during the last quarter. Finally, Clayton Financial Group LLC grew its position in shares of Mastercard by 627.3% in the fourth quarter. Clayton Financial Group LLC now owns 80 shares of the credit services provider’s stock valued at $46,000 after purchasing an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on MA shares. Rothschild & Co Redburn set a $685.00 price objective on Mastercard in a research report on Wednesday, January 28th. TD Cowen reiterated a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Wolfe Research reissued an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $739.00 price target on shares of Mastercard in a report on Thursday, January 29th. Finally, Cantor Fitzgerald upgraded Mastercard to a “strong-buy” rating in a research report on Tuesday, January 27th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $659.81.

Mastercard Price Performance

MA stock opened at $505.94 on Thursday. The firm has a market cap of $451.20 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 1.64 and a beta of 0.83. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a 1 year low of $480.50 and a 1 year high of $601.77. The stock has a 50-day simple moving average of $508.40 and a 200-day simple moving average of $538.62.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, topping the consensus estimate of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period in the previous year, the company posted $3.82 EPS. Mastercard’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, equities analysts predict that Mastercard Incorporated will post 19.52 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s payout ratio is presently 21.07%.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.