Kimelman & Baird LLC lowered its position in Mastercard Incorporated (NYSE:MA – Free Report) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,569 shares of the credit services provider’s stock after selling 2,187 shares during the quarter. Mastercard accounts for 3.4% of Kimelman & Baird LLC’s investment portfolio, making the stock its 12th biggest position. Kimelman & Baird LLC’s holdings in Mastercard were worth $44,854,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. E Fund Management Hong Kong Co. Ltd. lifted its stake 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 worth $26,000 after acquiring an additional 41 shares in the last quarter. Tacita Capital Inc lifted its stake in shares of Mastercard by 50.0% in the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 19 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted 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 worth $32,000 after acquiring an additional 40 shares in the last quarter. Bay Harbor Wealth Management LLC lifted 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 worth $33,000 after acquiring an additional 20 shares in the last quarter. Finally, Birchbrook Inc. acquired a new position in shares of Mastercard in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 97.28% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Susquehanna cut their price target on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research note on Friday, May 1st. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Bank of America initiated coverage on Mastercard in a report on Thursday, March 5th. They issued a “buy” rating and a $700.00 price objective for the company. Macquarie Infrastructure boosted their price objective on Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Finally, UBS Group lowered their price objective on Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a report on Friday, May 1st. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $656.00.
Mastercard Stock Up 2.3%
NYSE:MA opened at $505.39 on Tuesday. The firm has a market capitalization of $446.55 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 1.54 and a beta of 0.76. The stock has a 50 day moving average of $502.92 and a 200-day moving average of $530.89. Mastercard Incorporated has a 52 week low of $480.50 and a 52 week high of $601.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56.
Mastercard (NYSE:MA – Get Free Report) last posted its 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. The company 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%.The business’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.73 earnings per share. Analysts predict that Mastercard Incorporated will post 19.6 EPS for the current year.
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.
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