Rothschild Wealth LLC boosted its position in Mastercard Incorporated (NYSE:MA – Free Report) by 799.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,534 shares of the credit services provider’s stock after purchasing an additional 11,141 shares during the period. Rothschild Wealth LLC’s holdings in Mastercard were worth $7,155,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Mastercard by 42.3% in the fourth 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 last quarter. Schnieders Capital Management LLC. boosted its stake in Mastercard by 8.5% in the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after acquiring an additional 200 shares during the last quarter. Betterment LLC boosted its stake in Mastercard by 6.5% in the second quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock valued at $532,000 after acquiring an additional 58 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its stake in Mastercard by 35.8% in the second 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 purchased a new position in Mastercard in the second quarter valued at about $431,000. 97.28% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Tigress Financial boosted their target price on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research note on Friday, March 13th. Loop Capital reiterated a “buy” rating and issued a $631.00 target price on shares of Mastercard in a research note on Wednesday, June 3rd. Wolfe Research restated an “outperform” rating on shares of Mastercard in a research note on Tuesday, March 17th. Raymond James Financial set a $609.00 price target on shares of Mastercard in a research note on Friday, May 1st. Finally, Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. Six research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Mastercard has an average rating of “Buy” and a consensus target price of $656.04.
Mastercard Stock Performance
Mastercard stock opened at $501.00 on Wednesday. The firm’s 50 day simple moving average is $499.39 and its 200 day simple moving average is $522.78. 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 $442.67 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77.
Mastercard (NYSE:MA – Get Free Report) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share 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 analyst estimates of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. Mastercard’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.73 EPS. As a group, analysts expect 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 issued a $0.87 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard’s dividend payout ratio is presently 20.14%.
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.
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