MidFirst Bank Makes New $5.36 Million Investment in Mastercard Incorporated $MA

MidFirst Bank purchased a new position in shares of Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,384 shares of the credit services provider’s stock, valued at approximately $5,357,000.

Other institutional investors have also recently bought and sold shares of the company. Ketron Financial bought a new position in Mastercard during the fourth quarter valued at about $2,827,000. SG Trading Solutions LLC purchased a new stake in Mastercard in the fourth quarter worth $4,582,000. Pacer Advisors Inc. raised its stake in shares of Mastercard by 15.1% in the fourth quarter. Pacer Advisors Inc. now owns 78,478 shares of the credit services provider’s stock valued at $44,802,000 after buying an additional 10,325 shares during the period. Nolet Wealth Management LLC purchased a new position in shares of Mastercard during the 4th quarter valued at $359,000. Finally, Investment Insight Wealth Management LLC bought a new position in shares of Mastercard during the 4th quarter worth $3,852,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MA shares. Morgan Stanley reissued an “overweight” rating and issued a $679.00 price target on shares of Mastercard in a research report on Friday, May 1st. Royal Bank Of Canada lowered their price target on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Susquehanna dropped their price objective on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a report on Friday, May 1st. BNP Paribas Exane raised Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 target price on the stock in a research note on Thursday, March 19th. Finally, Dbs Bank upgraded Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $656.04.

Mastercard Trading Up 0.2%

MA opened at $490.73 on Friday. The business has a 50 day simple moving average of $498.76 and a two-hundred day simple moving average of $521.76. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.77. The firm has a market capitalization of $433.60 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 1.53 and a beta of 0.74. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98.

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

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, July 9th. Mastercard’s dividend payout ratio is 20.14%.

Mastercard Company 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.