Thurston Springer Miller Herd & Titak Inc. Purchases 1,122 Shares of Mastercard Incorporated $MA

Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Mastercard Incorporated (NYSE:MA) by 235.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,598 shares of the credit services provider’s stock after purchasing an additional 1,122 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Mastercard were worth $914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Evolution Wealth Management Inc. bought a new stake in shares of Mastercard in the second quarter valued at about $29,000. Robbins Farley increased its position in Mastercard by 50.0% during the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 18 shares during the period. Tacita Capital Inc increased its position in Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 19 shares during the period. Foster Dykema Cabot & Partners LLC raised its stake in Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. Finally, Sagard Holdings Management Inc. acquired a new stake in Mastercard in the 2nd quarter worth about $37,000. 97.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MA has been the topic of a number of analyst reports. Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Rothschild & Co Redburn set a $685.00 price target on shares of Mastercard in a research report on Wednesday, January 28th. Loop Capital initiated coverage on Mastercard in a research note on Tuesday. They issued a “buy” rating and a $631.00 price target for the company. Truist Financial set a $611.00 price target on Mastercard in a research report on Tuesday, February 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research note on Thursday, January 22nd. Six investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $664.40.

Mastercard Trading Up 0.0%

Shares of Mastercard stock opened at $493.55 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a market capitalization of $440.15 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 1.58 and a beta of 0.83. The firm’s 50-day moving average price is $516.31 and its two-hundred day moving average price is $544.97.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, beating the consensus estimate of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The company had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the company earned $3.82 EPS. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

About Mastercard

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.