Mastercard Incorporated $MA Shares Acquired by OLD National Bancorp IN

OLD National Bancorp IN increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 14.2% during the first quarter, HoldingsChannel reports. The fund owned 21,524 shares of the credit services provider’s stock after buying an additional 2,679 shares during the period. OLD National Bancorp IN’s holdings in Mastercard were worth $10,755,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MA. Louisiana State Employees Retirement System acquired a new stake in Mastercard in the first quarter valued at $20,736,000. Parkway Wealth Management Group LLC grew its stake in shares of Mastercard by 15.0% during the 1st quarter. Parkway Wealth Management Group LLC now owns 576 shares of the credit services provider’s stock worth $290,000 after purchasing an additional 75 shares during the period. Tower View Wealth Management LLC grew its stake in shares of Mastercard by 7.3% during the 1st quarter. Tower View Wealth Management LLC now owns 777 shares of the credit services provider’s stock worth $388,000 after purchasing an additional 53 shares during the period. First American Bank increased its holdings in shares of Mastercard by 18.7% in the 1st quarter. First American Bank now owns 5,770 shares of the credit services provider’s stock valued at $2,883,000 after purchasing an additional 908 shares in the last quarter. Finally, Fiduciary Alliance LLC increased its holdings in shares of Mastercard by 16.4% in the 1st quarter. Fiduciary Alliance LLC now owns 7,892 shares of the credit services provider’s stock valued at $4,103,000 after purchasing an additional 1,114 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 1.1%

Shares of NYSE MA opened at $489.15 on Friday. The firm has a market cap of $432.21 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77. The firm’s 50 day moving average price is $497.40 and its 200 day moving average price is $519.99.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same period in the previous year, the firm posted $3.73 EPS. Mastercard’s revenue was up 15.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, July 9th. Mastercard’s dividend payout ratio is presently 20.14%.

Analysts Set New Price Targets

A number of analysts recently commented on MA shares. BMO Capital Markets assumed coverage on shares of Mastercard in a report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 price objective on the stock. Loop Capital reiterated a “buy” rating and set a $631.00 price target on shares of Mastercard in a research report on Wednesday, June 3rd. Raymond James Financial set a $609.00 price target on Mastercard in a research note on Friday, May 1st. Royal Bank Of Canada lowered their price target on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Finally, Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Six research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $656.08.

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.