Mastercard Incorporated $MA Stock Holdings Trimmed by RFG Advisory LLC

RFG Advisory LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 14.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,859 shares of the credit services provider’s stock after selling 1,895 shares during the quarter. RFG Advisory LLC’s holdings in Mastercard were worth $5,426,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MA. E Fund Management Hong Kong Co. Ltd. lifted its stake in Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 41 shares during the last quarter. Strive Financial Group LLC bought a new stake in Mastercard during the fourth quarter valued at $27,000. Hyposwiss Advisors SA acquired a new stake in shares of Mastercard during the fourth quarter worth $29,000. Foster Dykema Cabot & Partners LLC lifted its position in shares of Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after buying an additional 40 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC lifted its position in shares of Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after buying an additional 20 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Bank of America assumed coverage on shares of Mastercard in a report on Thursday, March 5th. They issued a “buy” rating and a $700.00 target price on the stock. UBS Group restated a “buy” rating on shares of Mastercard in a research note on Thursday. Evercore reaffirmed a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Finally, Weiss Ratings cut Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Mastercard has an average rating of “Buy” and a consensus target price of $656.08.

Mastercard Stock Down 1.1%

MA stock opened at $489.15 on Friday. 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 Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The firm’s 50-day simple moving average is $497.40 and its 200 day simple moving average is $519.99. 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.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.19. The company had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.73 earnings per share. As a group, sell-side analysts predict that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be paid a $0.87 dividend. 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 dividend payout ratio is currently 20.14%.

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.