Mastercard Incorporated $MA Stake Lowered by Puzo Michael J

Puzo Michael J cut its holdings in Mastercard Incorporated (NYSE:MA) by 4.1% in the third quarter, Holdings Channel reports. The fund owned 26,686 shares of the credit services provider’s stock after selling 1,130 shares during the quarter. Mastercard accounts for approximately 4.1% of Puzo Michael J’s portfolio, making the stock its 5th largest position. Puzo Michael J’s holdings in Mastercard were worth $15,179,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MA. Evolution Wealth Management Inc. purchased a new stake in shares of Mastercard in the 2nd quarter worth approximately $29,000. Robbins Farley raised its stake in Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after buying an additional 18 shares in the last quarter. Tacita Capital Inc raised its stake in Mastercard by 50.0% in the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after buying an additional 19 shares in the last quarter. True Wealth Design LLC lifted its holdings in Mastercard by 45.2% during the second quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock worth $34,000 after buying an additional 19 shares during the period. Finally, Sagard Holdings Management Inc. bought a new stake in Mastercard during the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MA shares. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Rothschild & Co Redburn set a $685.00 target price on Mastercard in a research note on Wednesday, January 28th. TD Cowen boosted their target price on shares of Mastercard from $668.00 to $671.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Citigroup upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Tigress Financial lifted their price objective on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 6th. Six equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average price target of $669.27.

Mastercard Trading Down 1.5%

Mastercard stock opened at $519.80 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap of $466.78 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 1.70 and a beta of 0.83. The stock has a 50-day moving average of $552.01 and a two-hundred day moving average of $562.03. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.52. The firm had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.82 earnings per share. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

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.