Oak Harvest Investment Services Sells 5,094 Shares of Mastercard Incorporated $MA

Oak Harvest Investment Services lessened its stake in Mastercard Incorporated (NYSE:MA) by 85.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 879 shares of the credit services provider’s stock after selling 5,094 shares during the period. Oak Harvest Investment Services’ holdings in Mastercard were worth $500,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. LGT Financial Advisors LLC acquired a new stake in shares of Mastercard during the 2nd quarter worth approximately $25,000. Family Legacy Financial Solutions LLC bought a new position in Mastercard in the second quarter worth $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard during the first quarter worth $27,000. Evolution Wealth Management Inc. acquired a new stake in Mastercard during the second quarter worth $29,000. Finally, IMG Wealth Management Inc. bought a new stake in Mastercard in the 2nd quarter valued at $31,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MA. Tigress Financial lifted their target price on shares of Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 6th. Citigroup raised Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $713.00 price objective on shares of Mastercard in a research note on Thursday, October 30th. Cowen restated a “buy” rating on shares of Mastercard in a research report on Friday, October 31st. Finally, Evercore ISI set a $610.00 price target on Mastercard in a research report on Friday, December 12th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $657.48.

Mastercard Trading Down 0.1%

MA stock opened at $577.33 on Wednesday. The business has a fifty day moving average price of $555.95 and a 200 day moving average price of $565.53. 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 Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The stock has a market capitalization of $518.44 billion, a price-to-earnings ratio of 36.91, a P/E/G ratio of 2.27 and a beta of 0.87.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the previous year, the firm earned $3.89 earnings per share. The business’s revenue was up 16.7% on a year-over-year basis. Analysts expect that Mastercard Incorporated will post 15.91 EPS 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 given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, January 9th. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio is 19.44%.

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.