Maridea Wealth Management LLC Invests $2.45 Million in Mastercard Incorporated $MA

Maridea Wealth Management LLC acquired a new position in Mastercard Incorporated (NYSE:MAFree Report) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 4,331 shares of the credit services provider’s stock, valued at approximately $2,453,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Washington Trust Advisors Inc. grew its holdings in Mastercard by 5.6% in the 2nd quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock worth $191,000 after buying an additional 18 shares in the last quarter. Rialto Wealth Management LLC grew its stake in shares of Mastercard by 13.0% in the second quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock worth $88,000 after purchasing an additional 18 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its stake in shares of Mastercard by 20.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock worth $61,000 after purchasing an additional 18 shares in the last quarter. Brady Martz Wealth Solutions LLC increased its holdings in shares of Mastercard by 2.2% during the third 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 period. Finally, Robbins Farley raised its stake in shares of Mastercard by 50.0% during the third 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. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of NYSE MA opened at $521.51 on Wednesday. The stock’s fifty day simple moving average is $553.12 and its 200 day simple moving average is $562.57. The stock has a market capitalization of $468.32 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 1.67 and a beta of 0.83. 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 52-week low of $465.59 and a 52-week high of $601.77.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results 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. The business had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.80 billion. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.Mastercard’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.82 earnings per share. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s dividend payout ratio (DPR) is 21.07%.

Wall Street Analyst Weigh In

Several equities analysts have commented on MA shares. TD Cowen raised their target price on shares of Mastercard from $668.00 to $671.00 and gave the company a “buy” rating in a research note on Friday, January 30th. KeyCorp reissued an “overweight” rating and set a $665.00 target price on shares of Mastercard in a report on Wednesday, October 22nd. Rothschild & Co Redburn set a $685.00 target price on Mastercard in a research report on Wednesday, January 28th. HSBC raised Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Finally, Daiwa Securities Group set a $610.00 price objective on Mastercard and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Six 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. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $669.27.

Check Out Our Latest Stock Analysis on MA

Mastercard News Summary

Here are the key news stories impacting Mastercard this week:

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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