RKL Wealth Management LLC Has $9.15 Million Holdings in Mastercard Incorporated $MA

RKL Wealth Management LLC decreased its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 14.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,091 shares of the credit services provider’s stock after selling 2,624 shares during the quarter. Mastercard comprises 0.8% of RKL Wealth Management LLC’s holdings, making the stock its 23rd largest holding. RKL Wealth Management LLC’s holdings in Mastercard were worth $9,153,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC raised its holdings in Mastercard by 55,868.1% during the second quarter. Laurel Wealth Advisors LLC now owns 13,421,148 shares of the credit services provider’s stock worth $7,541,880,000 after buying an additional 13,397,168 shares during the last quarter. Norges Bank acquired a new position in shares of Mastercard during the second quarter valued at about $6,725,317,000. Massachusetts Financial Services Co. MA increased its position in shares of Mastercard by 25.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,372,404 shares of the credit services provider’s stock worth $3,580,909,000 after acquiring an additional 1,299,977 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Mastercard by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock worth $45,181,341,000 after acquiring an additional 955,533 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Mastercard by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock valued at $11,062,509,000 after acquiring an additional 542,841 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Up 2.4%

Shares of NYSE:MA opened at $509.86 on Thursday. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a market capitalization of $454.70 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 1.61 and a beta of 0.83. The business has a fifty day moving average price of $547.16 and a two-hundred day moving average price of $560.28. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MAGet Free Report) last released its earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.52. The company had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.80 billion. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.82 EPS. Analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, April 9th. Mastercard’s payout ratio is presently 21.07%.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

Analysts Set New Price Targets

A number of brokerages have commented on MA. HSBC raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Morgan Stanley upped their price target on Mastercard from $665.00 to $678.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Rothschild & Co Redburn set a $685.00 price objective on Mastercard in a research note on Wednesday, January 28th. Evercore set a $610.00 price objective on shares of Mastercard in a report on Friday, December 12th. Finally, Cantor Fitzgerald upgraded shares of Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. Six equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mastercard currently has a consensus rating of “Buy” and an average price target of $669.27.

Get Our Latest Stock Report on Mastercard

Mastercard Company Profile

(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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