Shaker Investments LLC OH Takes Position in Mastercard Incorporated $MA

Shaker Investments LLC OH acquired a new position in Mastercard Incorporated (NYSE:MA) during the third quarter, Holdings Channel reports. The institutional investor acquired 3,356 shares of the credit services provider’s stock, valued at approximately $1,909,000.

Other large investors have also made changes to their positions in the company. LGT Financial Advisors LLC acquired a new position in shares of Mastercard during the second quarter worth approximately $25,000. Family Legacy Financial Solutions LLC bought a new position in Mastercard during the second quarter worth $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard during the 1st quarter valued at $27,000. Evolution Wealth Management Inc. bought a new stake in Mastercard in the 2nd quarter valued at $29,000. Finally, Robbins Farley grew its position in Mastercard by 50.0% in the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 18 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Truist Financial cut their price target on Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a report on Tuesday, November 4th. The Goldman Sachs Group reiterated a “buy” rating and issued a $713.00 price objective on shares of Mastercard in a research report on Thursday, October 30th. Wells Fargo & Company lowered their price objective on Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Finally, Morgan Stanley set a $665.00 target price on Mastercard and gave the stock an “overweight” rating in a research report on Friday, October 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $657.48.

Mastercard Price Performance

Shares of MA stock opened at $579.61 on Friday. The stock’s fifty day simple moving average is $555.62 and its 200 day simple moving average is $565.67. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The firm has a market cap of $520.49 billion, a price-to-earnings ratio of 37.06, a P/E/G ratio of 2.28 and a beta of 0.87. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The company had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same period last year, the business earned $3.89 earnings per share. The business’s revenue was up 16.7% on a year-over-year basis. On average, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be paid a dividend of $0.87 per share. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, January 9th. Mastercard’s payout ratio is currently 22.25%.

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.