OLD National Bancorp IN Raises Holdings in Mastercard Incorporated $MA

OLD National Bancorp IN raised its stake in Mastercard Incorporated (NYSE:MA) by 14.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,524 shares of the credit services provider’s stock after purchasing an additional 2,679 shares during the period. OLD National Bancorp IN’s holdings in Mastercard were worth $10,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. E Fund Management Hong Kong Co. Ltd. raised its holdings in Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 41 shares in the last quarter. Strive Financial Group LLC purchased a new position in Mastercard in the fourth quarter worth approximately $27,000. Hyposwiss Advisors SA acquired a new position in Mastercard during the 4th quarter worth approximately $29,000. Foster Dykema Cabot & Partners LLC increased its position in shares of Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC increased its position in shares of Mastercard by 54.1% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 20 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of MA opened at $489.15 on Friday. 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 Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77. The stock has a market cap of $432.21 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74. The firm has a fifty day moving average price of $497.40 and a 200 day moving average price of $519.99.

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

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is currently 20.14%.

Wall Street Analyst Weigh In

MA has been the subject of several recent analyst reports. Wolfe Research reaffirmed an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. Morgan Stanley reiterated an “overweight” rating and set a $679.00 target price on shares of Mastercard in a research note on Friday, May 1st. Bank of America assumed coverage on Mastercard in a report on Thursday, March 5th. They issued a “buy” rating and a $700.00 target price on the stock. TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a report on Tuesday, March 17th. Finally, UBS Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Thursday. 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 issued a Sell rating to the company. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and an average target price of $656.08.

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.