Cardano Risk Management B.V. Sells 18,782 Shares of Mastercard Incorporated $MA

Cardano Risk Management B.V. lessened its holdings in Mastercard Incorporated (NYSE:MA) by 4.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 423,462 shares of the credit services provider’s stock after selling 18,782 shares during the period. Mastercard makes up 2.6% of Cardano Risk Management B.V.’s portfolio, making the stock its 11th biggest position. Cardano Risk Management B.V.’s holdings in Mastercard were worth $240,869,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. LGT Financial Advisors LLC bought a new stake in Mastercard in the second quarter valued at $25,000. Evolution Wealth Management Inc. acquired a new stake in shares of Mastercard in the 2nd quarter valued at $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 valued at $31,000 after purchasing an additional 18 shares in the last quarter. IMG Wealth Management Inc. bought a new stake in shares of Mastercard in the 2nd quarter worth about $31,000. Finally, Tacita Capital Inc increased its position in shares of Mastercard by 50.0% during the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 19 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research report on Thursday, January 22nd. Macquarie Infrastructure boosted their target price on Mastercard from $660.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. The Goldman Sachs Group reiterated a “buy” rating and issued a $739.00 price objective on shares of Mastercard in a research report on Thursday, January 29th. Finally, Dbs Bank upgraded Mastercard to a “moderate buy” rating in a report on Friday, February 6th. Six analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Buy” and an average price target of $669.27.

Mastercard Trading Down 1.7%

MA stock opened at $518.43 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a market cap of $465.55 billion, a P/E ratio of 31.38, a PEG ratio of 1.67 and a beta of 0.83. The business has a fifty day moving average of $553.43 and a 200-day moving average of $562.84.

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

Mastercard Dividend Announcement

The firm 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 $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, April 9th. 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.