Caldwell Trust Co Acquires New Position in Mastercard Incorporated $MA

Caldwell Trust Co bought a new position in shares of Mastercard Incorporated (NYSE:MA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,285 shares of the credit services provider’s stock, valued at approximately $13,085,000. Mastercard accounts for 1.3% of Caldwell Trust Co’s portfolio, making the stock its 14th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinion Investment Advisors LLC grew its position in shares of Mastercard by 0.8% in the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock valued at $1,276,000 after purchasing an additional 18 shares during the period. KRS Capital Management LLC lifted its stake in Mastercard by 0.6% in the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock valued at $1,601,000 after buying an additional 18 shares in the last quarter. Nvest Financial LLC boosted its holdings in shares of Mastercard by 1.2% in the second quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after buying an additional 18 shares during the period. Washington Trust Advisors Inc. increased its position in shares of Mastercard by 5.6% during the second quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock worth $191,000 after acquiring an additional 18 shares in the last quarter. Finally, Rialto Wealth Management LLC raised its holdings in shares of Mastercard by 13.0% during the second quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock worth $88,000 after acquiring an additional 18 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Tigress Financial upped their target price on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 6th. Royal Bank Of Canada boosted their price target on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. Hsbc Global Res upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Truist Financial cut their target price on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Finally, Cowen reaffirmed a “buy” rating on shares of Mastercard in a research note on Friday, October 31st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $654.81.

Mastercard Trading Up 1.4%

MA stock opened at $571.40 on Monday. The stock has a market cap of $513.12 billion, a price-to-earnings ratio of 36.53, a price-to-earnings-growth ratio of 2.25 and a beta of 0.87. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a fifty day moving average price of $554.16 and a two-hundred day moving average price of $566.33.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The company had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.89 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, January 9th. This is a boost from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.