Unique Wealth LLC Sells 1,819 Shares of Mastercard Incorporated $MA

Unique Wealth LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 48.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,942 shares of the credit services provider’s stock after selling 1,819 shares during the period. Unique Wealth LLC’s holdings in Mastercard were worth $970,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of MA. Brighton Jones LLC increased its stake in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the period. Schnieders Capital Management LLC. increased its position in Mastercard by 8.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after purchasing an additional 200 shares during the period. Betterment LLC raised its holdings in shares of Mastercard by 6.5% in the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after purchasing an additional 58 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its position in shares of Mastercard by 35.8% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock worth $380,548,000 after purchasing an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Mastercard in the 2nd quarter worth approximately $431,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

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

Mastercard (NYSE:MA) last released its earnings results 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. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same period last year, the business earned $3.73 EPS. Mastercard’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, equities analysts anticipate that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard’s payout ratio is 20.14%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MA shares. Tigress Financial lifted their price objective on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a report on Friday, March 13th. Raymond James Financial set a $609.00 target price on Mastercard in a research report on Friday, May 1st. UBS Group reiterated a “buy” rating on shares of Mastercard in a report on Thursday. BMO Capital Markets initiated coverage on Mastercard in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price target for the company. Finally, TD Cowen restated a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Six analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $656.08.

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.