Rockefeller Capital Management L.P. grew its position in Mastercard Incorporated (NYSE:MA – Free Report) by 9.9% during the 4th quarter, Holdings Channel reports. The fund owned 186,350 shares of the credit services provider’s stock after buying an additional 16,844 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Mastercard were worth $106,384,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. boosted 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 purchasing an additional 41 shares in the last quarter. Strive Financial Group LLC purchased a new position in shares of Mastercard during the 4th quarter worth approximately $27,000. Hyposwiss Advisors SA acquired a new stake in shares of Mastercard in the 4th quarter valued at approximately $29,000. Foster Dykema Cabot & Partners LLC boosted its stake in shares of Mastercard by 250.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after buying an additional 40 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC boosted its stake in shares of Mastercard by 54.1% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after buying an additional 20 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.
Mastercard Stock Performance
Shares of MA stock opened at $490.73 on Friday. The stock has a fifty day moving average price of $498.76 and a 200 day moving average price of $521.76. The stock has a market cap of $433.60 billion, a PE ratio of 28.40, a P/E/G 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. 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 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s dividend payout ratio is presently 20.14%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. Evercore reiterated a “negative” rating on shares of Mastercard in a research report on Tuesday, March 17th. Susquehanna decreased their target price 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. TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Tigress Financial increased their price target on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a report on Friday, March 13th. Finally, BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective for the company in a research note on Thursday, March 19th. Six analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $656.04.
Check Out Our Latest Research Report on Mastercard
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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