Eagle Strategies LLC grew its holdings in Mastercard Incorporated (NYSE:MA – Free Report) by 498.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,520 shares of the credit services provider’s stock after purchasing an additional 2,932 shares during the quarter. Eagle Strategies LLC’s holdings in Mastercard were worth $2,009,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Vulcan Value Partners LLC grew its position in shares of Mastercard by 6.5% in the 3rd quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock worth $265,233,000 after buying an additional 28,331 shares during the last quarter. Nicholson Wealth Management Group LLC grew its position in shares of Mastercard by 153.6% in the 3rd quarter. Nicholson Wealth Management Group LLC now owns 2,856 shares of the credit services provider’s stock worth $1,625,000 after buying an additional 1,730 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Mastercard in the 4th quarter worth approximately $1,113,000. Mn Services Vermogensbeheer B.V. grew its position in shares of Mastercard by 1.5% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 309,192 shares of the credit services provider’s stock worth $175,872,000 after buying an additional 4,700 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. grew its position in shares of Mastercard by 88.9% in the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock worth $8,723,000 after buying an additional 7,215 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.
Mastercard Stock Down 0.9%
NYSE:MA opened at $498.80 on Friday. The company has a market cap of $444.83 billion, a PE ratio of 30.19, a P/E/G ratio of 1.62 and a beta of 0.83. Mastercard Incorporated has a twelve month low of $480.50 and a twelve month high of $601.77. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. The company’s 50 day moving average is $513.49 and its two-hundred day moving average is $541.98.
Mastercard (NYSE:MA – Get Free Report) last released its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.52. The company had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. Mastercard’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.82 EPS. Analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.
Mastercard Dividend Announcement
The business also recently announced 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 of this dividend is Thursday, April 9th. Mastercard’s payout ratio is currently 21.07%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on MA shares. TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Raymond James Financial cut their price objective on shares of Mastercard from $707.00 to $631.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Daiwa Securities Group set a $610.00 price objective on shares of Mastercard and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Bank of America started coverage on shares of Mastercard in a research report on Thursday, March 5th. They issued a “buy” rating and a $700.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Six analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $664.40.
Read Our Latest Analysis on Mastercard
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.
Further Reading
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