Flagship Harbor Advisors LLC Sells 1,296 Shares of Mastercard Incorporated $MA

Flagship Harbor Advisors LLC reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,894 shares of the credit services provider’s stock after selling 1,296 shares during the period. Flagship Harbor Advisors LLC’s holdings in Mastercard were worth $4,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MA. Evolution Wealth Management Inc. acquired a new position in shares of Mastercard during the second quarter worth approximately $29,000. Robbins Farley raised its position in shares of Mastercard by 50.0% during the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 18 shares during the period. Foster Dykema Cabot & Partners LLC raised its position in shares of Mastercard by 250.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 40 shares during the period. Tacita Capital Inc raised its position in shares of Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 19 shares during the period. Finally, Sagard Holdings Management Inc. acquired a new position in shares of Mastercard during the second quarter worth approximately $37,000. 97.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MA shares. Raymond James Financial decreased their price target on Mastercard from $707.00 to $631.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a report on Friday, March 27th. Bank of America started coverage on Mastercard in a report on Thursday, March 5th. They set a “buy” rating and a $700.00 price target for the company. Truist Financial set a $611.00 price target on Mastercard in a report on Tuesday, February 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a report on Thursday, January 22nd. Six investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Mastercard has a consensus rating of “Buy” and a consensus price target of $664.40.

Mastercard Stock Up 1.5%

Shares of NYSE MA opened at $501.07 on Tuesday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03. The business’s fifty day moving average price is $515.79 and its 200-day moving average price is $543.70. The stock has a market capitalization of $446.86 billion, a PE ratio of 30.33, a P/E/G ratio of 1.58 and a beta of 0.83.

Mastercard (NYSE:MA) last issued its quarterly earnings results 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. The firm had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.80 billion. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.82 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. Mastercard’s dividend payout ratio is 21.07%.

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.