Midway Capital Research & Management Takes $5.51 Million Position in Mastercard Incorporated $MA

Midway Capital Research & Management acquired a new position in Mastercard Incorporated (NYSE:MAFree Report) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 9,650 shares of the credit services provider’s stock, valued at approximately $5,509,000. Mastercard comprises about 5.4% of Midway Capital Research & Management’s investment portfolio, making the stock its 4th largest holding.

Other hedge funds have also bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of 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 worth $26,000 after buying an additional 41 shares during the last quarter. Strive Financial Group LLC bought a new position in shares of Mastercard during the 4th quarter valued at approximately $27,000. Hyposwiss Advisors SA purchased a new stake in shares of Mastercard in the fourth quarter worth $29,000. Foster Dykema Cabot & Partners LLC increased its stake in 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 buying an additional 40 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC grew its position in shares of Mastercard by 54.1% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MA. Susquehanna reduced their target price on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Evercore reissued a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. UBS Group reduced their price target on Mastercard from $650.00 to $640.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Bank of America initiated coverage on shares of Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 price target on the stock. Finally, Royal Bank Of Canada decreased their target price on Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $656.04.

Read Our Latest Report on Mastercard

Mastercard Stock Performance

Shares of MA opened at $490.73 on Friday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.77. The stock has a market cap of $433.60 billion, a P/E ratio of 28.40, a P/E/G ratio of 1.53 and a beta of 0.74. The stock has a 50-day moving average of $498.76 and a two-hundred day moving average of $521.76.

Mastercard (NYSE:MAGet Free Report) last posted its quarterly earnings results 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. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same period in the prior year, the company earned $3.73 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. As a group, research analysts predict that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard Announces Dividend

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 is Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.14%.

Mastercard Company 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.

See Also

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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