AdvisorNet Financial Inc lowered its position in Mastercard Incorporated (NYSE:MA – Get Rating) by 7.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,811 shares of the credit services provider’s stock after selling 317 shares during the period. AdvisorNet Financial Inc’s holdings in Mastercard were worth $1,202,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of MA. Vanguard Group Inc. lifted its position in Mastercard by 8.4% during the first quarter. Vanguard Group Inc. now owns 76,021,301 shares of the credit services provider’s stock valued at $27,168,493,000 after purchasing an additional 5,868,493 shares in the last quarter. State Street Corp lifted its position in Mastercard by 4.4% during the fourth quarter. State Street Corp now owns 35,528,530 shares of the credit services provider’s stock valued at $12,766,111,000 after purchasing an additional 1,511,927 shares in the last quarter. Capital International Investors lifted its position in Mastercard by 9.7% during the first quarter. Capital International Investors now owns 16,219,816 shares of the credit services provider’s stock valued at $5,796,675,000 after purchasing an additional 1,430,200 shares in the last quarter. Wellington Management Group LLP lifted its position in Mastercard by 47.5% during the first quarter. Wellington Management Group LLP now owns 15,686,480 shares of the credit services provider’s stock valued at $5,606,033,000 after purchasing an additional 5,053,394 shares in the last quarter. Finally, Capital Research Global Investors lifted its position in Mastercard by 3.4% during the first quarter. Capital Research Global Investors now owns 14,080,614 shares of the credit services provider’s stock valued at $5,032,182,000 after purchasing an additional 468,198 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.
Analyst Upgrades and Downgrades
MA has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on Mastercard from $430.00 to $425.00 in a research report on Wednesday, July 20th. Tigress Financial restated a “buy” rating and issued a $472.00 price objective on shares of Mastercard in a research report on Friday, July 15th. Susquehanna Bancshares lowered their price objective on Mastercard from $430.00 to $400.00 and set a “positive” rating on the stock in a research report on Friday, July 29th. Mizuho boosted their price objective on Mastercard from $375.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Finally, Piper Sandler lowered their price objective on Mastercard from $357.00 to $298.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $414.09.
Insiders Place Their Bets
Mastercard Trading Down 0.6 %
Shares of MA stock opened at $315.13 on Friday. Mastercard Incorporated has a 12-month low of $303.65 and a 12-month high of $399.92. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.20. The stock’s 50-day moving average price is $339.44 and its 200-day moving average price is $341.13. The stock has a market capitalization of $304.54 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 1.47 and a beta of 1.06.
Mastercard (NYSE:MA – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The credit services provider reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.20. Mastercard had a return on equity of 143.35% and a net margin of 46.49%. The company had revenue of $5.50 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the previous year, the firm posted $1.95 earnings per share. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. Equities research analysts predict that Mastercard Incorporated will post 10.63 EPS for the current fiscal year.
Mastercard Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 9th. Shareholders of record on Friday, July 8th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, July 7th. This represents a $1.96 annualized dividend and a yield of 0.62%. Mastercard’s payout ratio is currently 19.86%.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.
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