Beck Mack & Oliver LLC Takes $227,000 Position in Mastercard Incorporated (MA)
Beck Mack & Oliver LLC bought a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,609 shares of the credit services provider’s stock, valued at approximately $227,000.
A number of other institutional investors also recently made changes to their positions in MA. Thompson Davis & CO. Inc. lifted its holdings in shares of Mastercard by 170.1% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 546 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Mastercard by 1.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after acquiring an additional 12 shares during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of Mastercard by 1,365.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 874 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Mastercard in the 2nd quarter worth approximately $121,000. Finally, Acrospire Investment Management LLC bought a new stake in shares of Mastercard in the 2nd quarter worth approximately $121,000. Institutional investors and hedge funds own 75.57% of the company’s stock.
Several research analysts recently commented on the stock. Vetr downgraded shares of Mastercard from a “buy” rating to a “hold” rating and set a $158.61 target price on the stock. in a research note on Monday. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $180.00 target price (up from $166.00) on shares of Mastercard in a research note on Monday, December 11th. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Bank of America lifted their target price on shares of Mastercard from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Finally, J P Morgan Chase & Co lifted their target price on shares of Mastercard from $152.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $159.59.
Mastercard Incorporated (MA) opened at $151.45 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.83. The stock has a market cap of $160,577.84, a price-to-earnings ratio of 35.19, a price-to-earnings-growth ratio of 2.02 and a beta of 1.20. Mastercard Incorporated has a 1 year low of $102.98 and a 1 year high of $154.65.
Mastercard (NYSE:MA) last released its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.11. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company’s revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. equities research analysts predict that Mastercard Incorporated will post 4.54 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, January 8th. This is an increase from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.66%. Mastercard’s dividend payout ratio is currently 20.47%.
Mastercard announced that its board has authorized a share buyback program on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
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MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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