Rede Wealth LLC Takes Position in Mastercard Incorporated $MA

Rede Wealth LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,214 shares of the credit services provider’s stock, valued at approximately $693,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MA. Brighton Jones LLC grew its stake in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the period. Schnieders Capital Management LLC. boosted its stake in Mastercard by 8.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after purchasing an additional 200 shares during the period. Betterment LLC boosted its stake in Mastercard by 6.5% in the 2nd quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock worth $532,000 after purchasing an additional 58 shares during the period. Worldquant Millennium Advisors LLC boosted its position in shares of Mastercard by 35.8% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after acquiring an additional 178,387 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of Mastercard during the 2nd quarter valued at approximately $431,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of Mastercard stock opened at $508.19 on Tuesday. The firm has a market cap of $453.20 billion, a P/E ratio of 30.76, a P/E/G ratio of 1.60 and a beta of 0.83. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 12 month low of $480.50 and a 12 month high of $601.77. The stock’s fifty day moving average price is $512.53 and its 200-day moving average price is $541.18.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, beating the consensus estimate of $4.24 by $0.52. The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.82 earnings per share. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be paid a dividend of $0.87 per share. The ex-dividend date is Thursday, April 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is currently 21.07%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MA shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research report on Thursday, January 22nd. Rothschild & Co Redburn set a $685.00 price target on Mastercard in a report on Wednesday, January 28th. Evercore reiterated a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Tigress Financial lifted their target price on Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 13th. Finally, Bank of America started coverage on Mastercard in a research report on Thursday, March 5th. They set a “buy” rating and a $700.00 target price for the company. Six analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $664.40.

About Mastercard

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.