Mastercard Incorporated $MA Shares Sold by Dunhill Financial LLC

Dunhill Financial LLC trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 31.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,698 shares of the credit services provider’s stock after selling 1,693 shares during the period. Mastercard accounts for about 0.5% of Dunhill Financial LLC’s holdings, making the stock its 26th biggest holding. Dunhill Financial LLC’s holdings in Mastercard were worth $2,103,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Evolution Wealth Management Inc. purchased a new position in Mastercard in the 2nd quarter worth approximately $29,000. Robbins Farley increased its holdings in shares of Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 18 shares during the last quarter. Tacita Capital Inc increased its holdings in shares of Mastercard by 50.0% in the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 19 shares during the last quarter. True Wealth Design LLC lifted its position 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 in the last quarter. Finally, Sagard Holdings Management Inc. acquired a new position in Mastercard during the second quarter worth $37,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of MA opened at $515.92 on Friday. The firm has a 50-day simple moving average of $545.00 and a two-hundred day simple moving average of $559.56. The stock has a market cap of $460.11 billion, a PE ratio of 31.23, a P/E/G ratio of 1.66 and a beta of 0.83. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The firm had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter last year, the company posted $3.82 EPS. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $656.00 target price on shares of Mastercard in a research note on Friday, January 30th. Truist Financial set a $611.00 price objective on shares of Mastercard in a report on Tuesday, February 10th. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a research note on Friday, February 6th. HSBC raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $739.00 price target on shares of Mastercard in a report on Thursday, January 29th. Six analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $669.27.

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.