NewEdge Advisors LLC Buys 4,684 Shares of Mastercard Incorporated $MA

NewEdge Advisors LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 6.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 78,104 shares of the credit services provider’s stock after acquiring an additional 4,684 shares during the quarter. NewEdge Advisors LLC’s holdings in Mastercard were worth $43,890,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Kingstone Capital Partners Texas LLC bought a new position in Mastercard during the second quarter valued at about $11,421,213,000. Laurel Wealth Advisors LLC grew its holdings in shares of Mastercard by 55,868.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 13,421,148 shares of the credit services provider’s stock worth $7,541,880,000 after purchasing an additional 13,397,168 shares in the last quarter. Norges Bank bought a new stake in shares of Mastercard during the second quarter valued at approximately $6,725,317,000. Wellington Management Group LLP raised its stake in shares of Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Mastercard by 25.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,372,404 shares of the credit services provider’s stock valued at $3,580,909,000 after purchasing an additional 1,299,977 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 0.6%

MA stock opened at $537.00 on Wednesday. The business has a fifty day moving average price of $555.33 and a 200 day moving average price of $566.60. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The stock has a market capitalization of $482.22 billion, a price-to-earnings ratio of 34.33, a P/E/G ratio of 2.12 and a beta of 0.87.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The company had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter in the prior year, the business earned $3.89 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, January 9th. This is a boost from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio is 19.44%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MA shares. Robert W. Baird lifted their price target on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. KeyCorp reiterated an “overweight” rating and set a $665.00 target price on shares of Mastercard in a research report on Wednesday, October 22nd. Citigroup raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Tigress Financial raised their price target on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Compass Point set a $620.00 price objective on Mastercard and gave the company a “neutral” rating in a research note on Friday, October 31st. Five analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $652.50.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.