Mastercard Incorporated $MA Shares Sold by Cardano Risk Management B.V.

Cardano Risk Management B.V. lessened its stake in Mastercard Incorporated (NYSE:MAFree Report) by 90.1% during the 1st quarter, HoldingsChannel reports. The firm owned 402,662 shares of the credit services provider’s stock after selling 3,669,548 shares during the quarter. Mastercard accounts for about 2.0% of Cardano Risk Management B.V.’s investment portfolio, making the stock its 13th biggest holding. Cardano Risk Management B.V.’s holdings in Mastercard were worth $201,194,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Riggs Asset Managment Co. Inc. boosted its holdings in Mastercard by 20.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock worth $61,000 after buying an additional 18 shares in the last quarter. Affinity Capital Advisors LLC grew its position in Mastercard by 0.7% during the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock valued at $1,678,000 after buying an additional 19 shares during the period. Abacus Planning Group Inc. increased its holdings in Mastercard by 3.3% in the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock valued at $337,000 after buying an additional 19 shares in the last quarter. Thomasville National Bank increased its holdings in Mastercard by 4.1% in the fourth quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock valued at $273,000 after buying an additional 19 shares in the last quarter. Finally, Castle Rock Wealth Management LLC raised its position in shares of Mastercard by 2.8% in the fourth quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock worth $387,000 after acquiring an additional 19 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several recent analyst reports. Susquehanna lowered their target price on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research note on Friday, May 1st. Truist Financial reduced their price target on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Weiss Ratings downgraded Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. BNP Paribas Exane raised Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective on the stock in a report on Thursday, March 19th. Finally, TD Cowen restated a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Six analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mastercard currently has a consensus rating of “Buy” and an average price target of $656.08.

Read Our Latest Stock Report on MA

Mastercard Stock Up 1.3%

Shares of MA opened at $494.20 on Thursday. 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 one year low of $464.52 and a one year high of $601.77. The stock has a market capitalization of $436.66 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 1.52 and a beta of 0.74. The stock has a 50 day moving average price of $497.88 and a 200 day moving average price of $520.38.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $8.26 billion. During the same quarter last year, the firm posted $3.73 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

About Mastercard

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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