Mastercard Incorporated $MA Shares Sold by Florida Trust Wealth Management Co

Florida Trust Wealth Management Co trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,136 shares of the credit services provider’s stock after selling 1,186 shares during the period. Mastercard accounts for about 1.3% of Florida Trust Wealth Management Co’s holdings, making the stock its 19th biggest holding. Florida Trust Wealth Management Co’s holdings in Mastercard were worth $48,602,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its stake in Mastercard by 2.8% during the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after acquiring an additional 997,536 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Mastercard by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock worth $45,181,341,000 after purchasing an additional 955,533 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Mastercard by 792.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 865,523 shares of the credit services provider’s stock worth $494,110,000 after purchasing an additional 768,514 shares during the last quarter. Capital Research Global Investors grew its position in shares of Mastercard by 6.5% in the third quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock valued at $5,885,944,000 after purchasing an additional 629,941 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Mastercard in the third quarter valued at approximately $245,980,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MA has been the subject of several research reports. Truist Financial set a $611.00 target price on Mastercard in a research report on Tuesday, February 10th. Compass Point raised shares of Mastercard from a “neutral” rating to a “buy” rating and raised their price objective for the company from $620.00 to $735.00 in a research note on Tuesday, January 13th. Cantor Fitzgerald upgraded shares of Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research note on Thursday, January 22nd. Finally, HSBC upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $664.40.

Mastercard Price Performance

MA stock opened at $493.55 on Friday. The business’s 50-day moving average is $516.31 and its two-hundred day moving average is $544.68. 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 firm has a market capitalization of $440.15 billion, a P/E ratio of 29.88, a P/E/G ratio of 1.58 and a beta of 0.83. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77.

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

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be given a $0.87 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis 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.