Rockland Trust Co. Boosts Stake in Mastercard Incorporated $MA

Rockland Trust Co. boosted its holdings in Mastercard Incorporated (NYSE:MA) by 13.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,732 shares of the credit services provider’s stock after acquiring an additional 8,077 shares during the quarter. Mastercard comprises approximately 1.6% of Rockland Trust Co.’s portfolio, making the stock its 16th biggest holding. Rockland Trust Co.’s holdings in Mastercard were worth $37,958,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LGT Financial Advisors LLC purchased a new position in Mastercard in the 2nd quarter valued at approximately $25,000. Evolution Wealth Management Inc. acquired a new stake in Mastercard in the second quarter valued at $29,000. Robbins Farley increased its position in shares of Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after buying an additional 18 shares in the last quarter. IMG Wealth Management Inc. acquired a new position in shares of Mastercard during the 2nd quarter worth $31,000. Finally, True Wealth Design LLC boosted its position in shares of Mastercard by 45.2% in the 2nd quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock worth $34,000 after buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MA. Cantor Fitzgerald upgraded shares of Mastercard to a “strong-buy” rating in a research report on Tuesday, January 27th. Rothschild & Co Redburn set a $685.00 target price on Mastercard in a research note on Wednesday, January 28th. UBS Group increased their target price on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a report on Friday, October 31st. Tigress Financial boosted their price target on Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 6th. Finally, Raymond James Financial decreased their price objective on Mastercard from $707.00 to $631.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Six equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus price target of $669.18.

Mastercard Trading Down 2.4%

Shares of Mastercard stock opened at $535.49 on Tuesday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The business’s fifty day moving average is $555.10 and its two-hundred day moving average is $564.13. The company has a quick ratio of 1.12, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The firm has a market cap of $480.87 billion, a PE ratio of 32.41, a P/E/G ratio of 1.78 and a beta of 0.83.

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 return on equity of 203.92% and a net margin of 45.65%.The business had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the previous year, the business earned $3.82 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. Analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Friday, January 9th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio is currently 21.07%.

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.