Threadgill Financial LLC Sells 1,524 Shares of Mastercard Incorporated $MA

Threadgill Financial LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 4.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,738 shares of the credit services provider’s stock after selling 1,524 shares during the period. Mastercard comprises about 4.6% of Threadgill Financial LLC’s investment portfolio, making the stock its 9th biggest holding. Threadgill Financial LLC’s holdings in Mastercard were worth $15,858,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after buying an additional 41 shares during the last quarter. Strive Financial Group LLC acquired a new stake in shares of Mastercard during the 4th quarter valued at approximately $27,000. Hyposwiss Advisors SA bought a new position in Mastercard during the fourth quarter worth $29,000. Foster Dykema Cabot & Partners LLC lifted its stake in Mastercard by 250.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 40 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC boosted its holdings in Mastercard by 54.1% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 20 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Down 1.1%

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

Mastercard (NYSE:MA) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. During the same period in the previous year, the business posted $3.73 EPS. Mastercard’s revenue was up 15.8% on a year-over-year basis. As a group, sell-side analysts predict that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared 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. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s payout ratio is 20.14%.

Wall Street Analyst Weigh In

MA has been the topic of a number of research reports. TD Cowen reissued a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Weiss Ratings downgraded shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Loop Capital reissued a “buy” rating and issued a $631.00 target price on shares of Mastercard in a report on Wednesday, June 3rd. BMO Capital Markets started coverage on Mastercard in a report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 target price for the company. Finally, Citigroup dropped their price target on Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Six research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average 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.