Cane Capital Partners LLC Takes $579,000 Position in Mastercard Incorporated $MA

Cane Capital Partners LLC purchased a new stake in Mastercard Incorporated (NYSE:MAFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,014 shares of the credit services provider’s stock, valued at approximately $579,000.

Other institutional investors have also modified their holdings of the company. Robbins Farley raised its position 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 during the last quarter. Brady Martz Wealth Solutions LLC raised its position in shares of Mastercard by 2.2% in the 3rd quarter. Brady Martz Wealth Solutions LLC now owns 841 shares of the credit services provider’s stock valued at $479,000 after purchasing an additional 18 shares during the last quarter. Alpine Bank Wealth Management raised its position in shares of Mastercard by 1.0% in the 3rd quarter. Alpine Bank Wealth Management now owns 1,817 shares of the credit services provider’s stock valued at $1,034,000 after purchasing an additional 18 shares during the last quarter. Zullo Investment Group Inc. raised its position in shares of Mastercard by 1.7% in the 3rd quarter. Zullo Investment Group Inc. now owns 1,091 shares of the credit services provider’s stock valued at $621,000 after purchasing an additional 18 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its position in shares of Mastercard by 20.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after purchasing an additional 18 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

Shares of NYSE MA opened at $498.27 on Wednesday. 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 12 month low of $470.00 and a 12 month high of $601.77. The company has a 50 day simple moving average of $515.36 and a two-hundred day simple moving average of $543.10. The stock has a market cap of $444.36 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 1.58 and a beta of 0.83.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, beating the consensus estimate of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The business had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the business posted $3.82 EPS. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. As a group, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

More Mastercard News

Here are the key news stories impacting Mastercard this week:

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $656.00 price objective on shares of Mastercard in a research report on Friday, January 30th. Evercore reaffirmed a “negative” rating on shares of Mastercard in a research report on Tuesday, March 17th. Wolfe Research reaffirmed an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. Bank of America assumed coverage on shares of Mastercard in a research report on Thursday, March 5th. They issued a “buy” rating and a $700.00 price objective for the company. Finally, TD Cowen reaffirmed a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $664.40.

Read Our Latest Report on Mastercard

Mastercard Profile

(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.

Featured Articles

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.