Main Street Financial Solutions LLC Sells 1,496 Shares of Mastercard Incorporated $MA

Main Street Financial Solutions LLC lowered its stake in Mastercard Incorporated (NYSE:MAFree Report) by 24.2% in the fourth quarter, Holdings Channel reports. The fund owned 4,677 shares of the credit services provider’s stock after selling 1,496 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Mastercard were worth $2,670,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. raised its holdings in Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after buying an additional 41 shares during the last quarter. Hyposwiss Advisors SA acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $29,000. Foster Dykema Cabot & Partners LLC lifted its holdings 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 worth $32,000 after purchasing an additional 40 shares in the last quarter. Bay Harbor Wealth Management LLC grew its position in 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 period. Finally, Birchbrook Inc. acquired a new stake in Mastercard in the 4th quarter valued at $37,000. Institutional investors own 97.28% of the company’s stock.

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada cut their price target on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Citigroup decreased their price target on Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Susquehanna decreased their price objective on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. Loop Capital restated a “buy” rating and issued a $631.00 target price on shares of Mastercard in a report on Wednesday, June 3rd. Finally, Raymond James Financial set a $609.00 target price on shares of Mastercard in a report 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 MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $656.04.

Check Out Our Latest Report on Mastercard

Mastercard Stock Performance

Shares of Mastercard stock opened at $492.93 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The firm has a market capitalization of $435.54 billion, a P/E ratio of 28.53, a P/E/G ratio of 1.56 and a beta of 0.74. The business has a fifty day simple moving average of $499.23 and a two-hundred day simple moving average of $522.41. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings data 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. The business had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.73 earnings per share. On average, equities analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Mastercard Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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