Mastercard Incorporated $MA Shares Sold by RFG Advisory LLC

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

Other hedge funds have also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC boosted its position in shares of Mastercard by 20.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 27,916 shares of the credit services provider’s stock valued at $13,948,000 after purchasing an additional 4,809 shares in the last quarter. Brown Lisle Cummings Inc. raised its holdings in shares of Mastercard by 20.6% in the 1st quarter. Brown Lisle Cummings Inc. now owns 269 shares of the credit services provider’s stock worth $135,000 after purchasing an additional 46 shares in the last quarter. OP Asset Management Ltd acquired a new stake in Mastercard during the first quarter valued at approximately $54,060,000. Banque Cantonale Vaudoise lifted its stake in Mastercard by 2.8% during the first quarter. Banque Cantonale Vaudoise now owns 15,494 shares of the credit services provider’s stock valued at $7,743,000 after purchasing an additional 428 shares during the last quarter. Finally, Apella Capital LLC boosted its holdings in Mastercard by 6.5% during the first quarter. Apella Capital LLC now owns 18,503 shares of the credit services provider’s stock worth $9,645,000 after buying an additional 1,132 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Down 1.1%

MA stock opened at $489.15 on Friday. The company has a 50 day moving average of $497.40 and a two-hundred day moving average of $519.99. The company has a market cap of $432.21 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.54 and a beta of 0.74. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77. 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 (NYSE:MA) last posted its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS 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 period in the previous year, the company posted $3.73 EPS. Mastercard’s revenue was up 15.8% on a year-over-year basis. On average, equities analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Wall Street Analysts Forecast Growth

MA has been the topic of several analyst reports. Loop Capital reissued a “buy” rating and issued a $631.00 target price on shares of Mastercard in a research report on Wednesday, June 3rd. Truist Financial decreased their target price on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. BMO Capital Markets assumed coverage on Mastercard in a research report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 price target on the stock. Finally, Royal Bank Of Canada reduced their price objective on Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Six research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and an average price target of $656.08.

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.