Mastercard Incorporated $MA Position Decreased by Carnegie Investment Counsel

Carnegie Investment Counsel lessened its holdings in Mastercard Incorporated (NYSE:MA) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 141,766 shares of the credit services provider’s stock after selling 1,355 shares during the period. Mastercard makes up approximately 1.5% of Carnegie Investment Counsel’s portfolio, making the stock its 10th biggest holding. Carnegie Investment Counsel’s holdings in Mastercard were worth $80,932,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Evolution Wealth Management Inc. purchased a new position in shares of Mastercard in the 2nd quarter worth approximately $29,000. Robbins Farley boosted its stake in shares of Mastercard by 50.0% in the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after buying an additional 18 shares during the last quarter. Foster Dykema Cabot & Partners LLC boosted its stake in shares of Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after buying an additional 40 shares during the last quarter. Tacita Capital Inc boosted its stake in shares of Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after buying an additional 19 shares during the last quarter. Finally, Dagco Inc. boosted its stake in shares of Mastercard by 200.0% in the 4th quarter. Dagco Inc. now owns 66 shares of the credit services provider’s stock worth $38,000 after buying an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Evercore restated a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Sunday, March 15th. Rothschild & Co Redburn set a $685.00 price objective on Mastercard in a research note on Wednesday, January 28th. Daiwa Securities Group set a $610.00 price objective on Mastercard and gave the company an “outperform” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $656.00 price objective on shares of Mastercard in a research note on Friday, January 30th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $664.40.

Mastercard Price Performance

Mastercard stock opened at $498.80 on Friday. Mastercard Incorporated has a 12 month low of $480.50 and a 12 month high of $601.77. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. The business’s 50 day simple moving average is $513.49 and its 200 day simple moving average is $541.98. The company has a market cap of $444.83 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 1.62 and a beta of 0.83.

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

Mastercard Announces Dividend

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

Mastercard 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.