Mastercard Incorporated $MA Shares Sold by Broderick Brian C

Broderick Brian C trimmed its position in Mastercard Incorporated (NYSE:MAFree Report) by 2.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 35,718 shares of the credit services provider’s stock after selling 1,044 shares during the period. Mastercard accounts for approximately 3.9% of Broderick Brian C’s investment portfolio, making the stock its 5th biggest position. Broderick Brian C’s holdings in Mastercard were worth $20,317,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. New Millennium Group LLC increased its stake in shares of Mastercard by 28.1% in the third quarter. New Millennium Group LLC now owns 4,663 shares of the credit services provider’s stock valued at $2,652,000 after buying an additional 1,023 shares during the period. Y.D. More Investments Ltd increased its position in Mastercard by 0.4% in the 3rd quarter. Y.D. More Investments Ltd now owns 10,724 shares of the credit services provider’s stock valued at $6,100,000 after acquiring an additional 39 shares during the period. Elefante Mark B raised its stake in shares of Mastercard by 9.1% during the third quarter. Elefante Mark B now owns 12,240 shares of the credit services provider’s stock valued at $6,962,000 after acquiring an additional 1,016 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. lifted its holdings in shares of Mastercard by 1.6% during the third quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,511 shares of the credit services provider’s stock worth $859,000 after purchasing an additional 24 shares during the period. Finally, D Orazio & Associates Inc. grew its stake in shares of Mastercard by 3.8% in the third quarter. D Orazio & Associates Inc. now owns 1,756 shares of the credit services provider’s stock worth $999,000 after purchasing an additional 64 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on MA. Truist Financial set a $611.00 target price on Mastercard in a report on Tuesday, February 10th. UBS Group lifted their price objective on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a report on Thursday, January 22nd. Tigress Financial raised their price target on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 6th. Finally, Cantor Fitzgerald raised shares of Mastercard to a “strong-buy” rating in a research note on Tuesday, January 27th. Six equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $669.27.

Check Out Our Latest Stock Report on MA

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Mastercard Price Performance

Shares of NYSE MA opened at $519.80 on Friday. The firm has a market capitalization of $466.78 billion, a P/E ratio of 31.46, a P/E/G ratio of 1.70 and a beta of 0.83. The firm’s 50-day moving average price is $552.01 and its 200-day moving average price is $562.03. 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 Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77.

Mastercard (NYSE:MAGet Free Report) last issued its 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. 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 analyst estimates of $8.80 billion. During the same period in the previous year, the company posted $3.82 EPS. The firm’s revenue was up 17.5% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be issued 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 payout ratio is currently 21.07%.

About Mastercard

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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