Mastercard Incorporated $MA Holdings Trimmed by Blue Trust Inc.

Blue Trust Inc. reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 22.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 5,385 shares of the credit services provider’s stock after selling 1,551 shares during the period. Blue Trust Inc.’s holdings in Mastercard were worth $2,691,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. lifted its stake in Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 41 shares in the last quarter. Strive Financial Group LLC purchased a new position in Mastercard during the 4th quarter valued at about $27,000. Hyposwiss Advisors SA purchased a new position in Mastercard during the 4th quarter valued at about $29,000. Foster Dykema Cabot & Partners LLC increased its holdings in shares of Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares during the period. Finally, Bay Harbor Wealth Management LLC increased its holdings in shares of Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TD Cowen reissued a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Weiss Ratings downgraded shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Raymond James Financial set a $609.00 price objective on shares of Mastercard in a research note on Friday, May 1st. Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Finally, Truist Financial decreased their target price on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Six research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $656.08.

Mastercard Stock Down 1.1%

Shares of Mastercard stock opened at $489.15 on Friday. The firm has a market cap of $432.21 billion, a price-to-earnings ratio of 28.31, a P/E/G ratio of 1.54 and a beta of 0.74. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. Mastercard Incorporated has a 52-week low of $464.52 and a 52-week high of $601.77. The stock has a 50-day simple moving average of $497.40 and a 200-day simple moving average of $519.99.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The firm had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.73 earnings per share. On average, equities research analysts expect that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Mastercard Profile

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.