2,356 Shares in Mastercard Incorporated $MA Bought by Tred Avon Family Wealth LLC

Tred Avon Family Wealth LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MAFree Report) in the 3rd quarter, HoldingsChannel reports. The firm purchased 2,356 shares of the credit services provider’s stock, valued at approximately $1,340,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MA. Brighton Jones LLC boosted its stake in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares during the period. Exchange Traded Concepts LLC raised its holdings in Mastercard by 11.9% during the 2nd quarter. Exchange Traded Concepts LLC now owns 11,055 shares of the credit services provider’s stock valued at $6,212,000 after buying an additional 1,180 shares during the last quarter. Redhawk Wealth Advisors Inc. boosted its position in Mastercard by 3.7% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 1,385 shares of the credit services provider’s stock valued at $778,000 after buying an additional 49 shares during the period. Bell Bank grew its holdings in Mastercard by 2.8% in the 2nd quarter. Bell Bank now owns 6,251 shares of the credit services provider’s stock worth $3,513,000 after acquiring an additional 168 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Mastercard by 3,493.6% in the second quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock valued at $524,914,000 after acquiring an additional 908,116 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

Shares of Mastercard stock opened at $539.82 on Friday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm has a market capitalization of $484.76 billion, a P/E ratio of 34.52, a P/E/G ratio of 1.83 and a beta of 0.86. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40. The business has a fifty day simple moving average of $557.14 and a two-hundred day simple moving average of $566.52.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The company had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same period last year, the business earned $3.89 EPS. Mastercard’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 9th will be given a $0.87 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s payout ratio is presently 22.25%.

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

Analyst Ratings Changes

MA has been the topic of several recent analyst reports. Royal Bank Of Canada raised their target price on Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. The Goldman Sachs Group reiterated a “buy” rating and issued a $713.00 price objective on shares of Mastercard in a report on Thursday, October 30th. Truist Financial decreased their target price on Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a report on Tuesday, November 4th. Hsbc Global Res upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Finally, Wells Fargo & Company dropped their target price on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $662.08.

Check Out Our Latest Report on Mastercard

About Mastercard

(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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