OLD Mission Capital LLC bought a new stake in Mastercard (NYSE:MA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,682 shares of the credit services provider’s stock, valued at approximately $3,130,000.
Several other hedge funds have also added to or reduced their stakes in MA. Kimelman & Baird LLC lifted its stake in Mastercard by 0.7% in the second quarter. Kimelman & Baird LLC now owns 109,983 shares of the credit services provider’s stock valued at $13,357,000 after purchasing an additional 765 shares during the last quarter. Farmers National Bank lifted its stake in Mastercard by 7.2% in the second quarter. Farmers National Bank now owns 13,287 shares of the credit services provider’s stock valued at $1,614,000 after purchasing an additional 889 shares during the last quarter. USA Financial Portformulas Corp lifted its stake in Mastercard by 945.0% in the second quarter. USA Financial Portformulas Corp now owns 26,615 shares of the credit services provider’s stock valued at $3,232,000 after purchasing an additional 24,068 shares during the last quarter. Intl Fcstone Inc. purchased a new position in Mastercard in the second quarter valued at approximately $1,873,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Mastercard in the third quarter valued at approximately $948,000. 76.09% of the stock is owned by institutional investors.
Several research firms recently commented on MA. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $193.00 price objective on the stock in a research note on Thursday. Vetr upgraded Mastercard from a “buy” rating to a “strong-buy” rating and set a $192.25 price objective on the stock in a research note on Tuesday, April 3rd. Wells Fargo upped their price objective on Mastercard from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Thursday, March 29th. Sanford C. Bernstein began coverage on Mastercard in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $207.00 price objective on the stock. Finally, Tigress Financial reiterated a “buy” rating on shares of Mastercard in a research note on Thursday, February 8th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Mastercard has an average rating of “Buy” and a consensus target price of $179.52.
Mastercard stock opened at $169.70 on Monday. The firm has a market capitalization of $178,419.88, a PE ratio of 37.05, a PEG ratio of 1.56 and a beta of 1.16. Mastercard has a fifty-two week low of $111.01 and a fifty-two week high of $183.73. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99.
Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.02. The firm had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 earnings per share. sell-side analysts anticipate that Mastercard will post 5.94 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be issued a $0.25 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. Mastercard’s payout ratio is currently 21.83%.
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Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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