Mastercard Incorporated $MA Shares Sold by Glenview Trust Co

Glenview Trust Co decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 170,272 shares of the credit services provider’s stock after selling 1,447 shares during the period. Mastercard comprises about 1.5% of Glenview Trust Co’s investment portfolio, making the stock its 16th biggest holding. Glenview Trust Co’s holdings in Mastercard were worth $96,852,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Curio Wealth LLC boosted its position in Mastercard by 22,400.0% during the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after acquiring an additional 224 shares during the period. Nicholson Wealth Management Group LLC lifted its position in shares of Mastercard by 153.6% in the third quarter. Nicholson Wealth Management Group LLC now owns 2,856 shares of the credit services provider’s stock worth $1,625,000 after purchasing an additional 1,730 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in shares of Mastercard by 1.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 309,192 shares of the credit services provider’s stock worth $175,872,000 after purchasing an additional 4,700 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. boosted its holdings in shares of Mastercard by 88.9% during the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock worth $8,723,000 after purchasing an additional 7,215 shares during the period. Finally, Global X Japan Co. Ltd. grew its position in Mastercard by 3,694.7% during the third quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock valued at $5,288,000 after purchasing an additional 9,052 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 1.7%

Shares of MA stock opened at $518.43 on Tuesday. The firm has a market capitalization of $465.55 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 1.67 and a beta of 0.83. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The firm’s fifty day simple moving average is $553.43 and its 200 day simple moving average is $562.84. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The business had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the prior year, the business earned $3.82 earnings per share. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be given a $0.87 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is currently 21.07%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. KeyCorp restated an “overweight” rating and set a $665.00 price target on shares of Mastercard in a report on Wednesday, October 22nd. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Evercore set a $610.00 price target on Mastercard in a report on Friday, December 12th. Daiwa America upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $739.00 target price on shares of Mastercard in a research note on Thursday, January 29th. Six analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $669.27.

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.