Park Edge Advisors LLC Trims Stock Holdings in Mastercard Incorporated $MA

Park Edge Advisors LLC lowered its stake in Mastercard Incorporated (NYSE:MAFree Report) by 45.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,710 shares of the credit services provider’s stock after selling 1,433 shares during the quarter. Park Edge Advisors LLC’s holdings in Mastercard were worth $854,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Riggs Asset Managment Co. Inc. lifted 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 valued at $61,000 after purchasing an additional 18 shares in the last quarter. Affinity Capital Advisors LLC increased its stake in shares of Mastercard by 0.7% in the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock worth $1,678,000 after purchasing an additional 19 shares in the last quarter. Abacus Planning Group Inc. increased its stake in shares of Mastercard by 3.3% in the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock worth $337,000 after purchasing an additional 19 shares in the last quarter. Thomasville National Bank raised its position in shares of Mastercard by 4.1% during the 4th quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock valued at $273,000 after purchasing an additional 19 shares during the period. Finally, Castle Rock Wealth Management LLC lifted its stake in shares of Mastercard by 2.8% during the 4th quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock valued at $387,000 after buying an additional 19 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. BNP Paribas Exane raised shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 target price for the company in a report on Thursday, March 19th. Weiss Ratings cut Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. UBS Group lowered their price objective on Mastercard from $650.00 to $640.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Tigress Financial upped their price objective on Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 13th. Finally, Raymond James Financial set a $609.00 target price on Mastercard in a research report on Friday, May 1st. Six investment 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 given a Sell rating to the company. According to data from MarketBeat, Mastercard has a consensus rating of “Buy” and an average price target of $656.08.

Check Out Our Latest Stock Report on Mastercard

Mastercard Stock Performance

MA opened at $494.20 on Thursday. 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 company has a fifty day moving average of $497.88 and a 200 day moving average of $520.38. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. 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 (NYSE:MAGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter in the previous year, the company earned $3.73 EPS. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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