Diversified Trust Co Purchases 3,696 Shares of Mastercard Incorporated $MA

Diversified Trust Co lifted its holdings in Mastercard Incorporated (NYSE:MA) by 16.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,698 shares of the credit services provider’s stock after acquiring an additional 3,696 shares during the period. Diversified Trust Co’s holdings in Mastercard were worth $14,617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MA. Clark Asset Management LLC lifted its stake in Mastercard by 3.1% in the third quarter. Clark Asset Management LLC now owns 5,113 shares of the credit services provider’s stock valued at $2,908,000 after buying an additional 154 shares during the period. Simplify Asset Management Inc. acquired a new position in shares of Mastercard during the 3rd quarter valued at $844,000. Segment Wealth Management LLC boosted its stake in Mastercard by 1.1% during the third quarter. Segment Wealth Management LLC now owns 6,685 shares of the credit services provider’s stock worth $3,802,000 after acquiring an additional 71 shares in the last quarter. Bravias Capital Group LLC grew its holdings in Mastercard by 25.4% in the third quarter. Bravias Capital Group LLC now owns 741 shares of the credit services provider’s stock worth $421,000 after purchasing an additional 150 shares during the period. Finally, LifeWealth Investments LLC grew its holdings in Mastercard by 2.0% in the third quarter. LifeWealth Investments LLC now owns 1,070 shares of the credit services provider’s stock worth $609,000 after purchasing an additional 21 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on MA. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. UBS Group raised their price objective on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Truist Financial lowered their target price on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Royal Bank Of Canada increased their target price on Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Cowen restated 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-one have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $657.48.

Mastercard Stock Down 0.3%

Shares of NYSE:MA opened at $577.89 on Tuesday. The stock has a market cap of $518.95 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 2.28 and a beta of 0.87. The business’s 50 day moving average is $555.85 and its 200 day moving average is $565.42. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40.

Mastercard (NYSE:MA) last posted 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. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The firm had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.53 billion. During the same period in the previous year, the firm earned $3.89 EPS. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, January 9th. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s payout ratio is currently 19.44%.

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.