Threadgill Financial LLC Sells 1,524 Shares of Mastercard Incorporated $MA

Threadgill Financial LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 4.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,738 shares of the credit services provider’s stock after selling 1,524 shares during the quarter. Mastercard comprises about 4.6% of Threadgill Financial LLC’s investment portfolio, making the stock its 9th largest holding. Threadgill Financial LLC’s holdings in Mastercard were worth $15,858,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of MA. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of 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 bought a new stake in Mastercard during the fourth quarter worth approximately $27,000. Hyposwiss Advisors SA acquired a new stake in Mastercard in the fourth quarter worth approximately $29,000. Foster Dykema Cabot & Partners LLC boosted its stake in Mastercard by 250.0% during 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 in the last quarter. Finally, Bay Harbor Wealth Management LLC boosted its stake in Mastercard by 54.1% during 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 in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $489.15 on Friday. The stock’s fifty day simple moving average is $497.40 and its 200 day simple moving average is $519.99. The stock has a market capitalization of $432.21 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.54 and a beta of 0.74. 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 Incorporated has a 52-week low of $464.52 and a 52-week high of $601.77.

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 analysts’ consensus estimates 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%.Mastercard’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the company posted $3.73 EPS. As a group, sell-side analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced 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 dividend payout ratio (DPR) is 20.14%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Tigress Financial boosted their price objective on Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 13th. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. BMO Capital Markets assumed coverage on shares of Mastercard in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price target on the stock. Citigroup cut their price target on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, BNP Paribas Exane raised shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective on the stock in a research note on Thursday, March 19th. Six research 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 assigned a Sell rating to the stock. According to data from MarketBeat, Mastercard has a consensus rating of “Buy” and an average target price 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.