Thurston Springer Miller Herd & Titak Inc. Has $914,000 Stock Position in Mastercard Incorporated $MA

Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 235.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,598 shares of the credit services provider’s stock after buying an additional 1,122 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Mastercard were worth $914,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MA. Evolution Wealth Management Inc. bought a new position in shares of Mastercard in the second quarter worth about $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. Foster Dykema Cabot & Partners LLC grew its holdings in shares of Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Tacita Capital Inc increased its position in 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. Finally, Sagard Holdings Management Inc. acquired a new position in Mastercard during the 2nd quarter worth approximately $37,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $493.55 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The firm has a market cap of $440.15 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 1.58 and a beta of 0.83. The firm’s fifty day moving average is $516.31 and its 200-day moving average is $544.97.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.82 earnings per share. Sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MA. Macquarie Infrastructure raised their target price on shares of Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Morgan Stanley upped their price target on shares of Mastercard from $665.00 to $678.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Daiwa Securities Group set a $610.00 price target on Mastercard and gave the company an “outperform” rating in a research note on Monday, February 2nd. Tigress Financial raised their price objective on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a report on Friday, March 13th. Finally, UBS Group reduced their price objective on Mastercard from $700.00 to $650.00 and set a “buy” rating on the stock in a research report on Tuesday. Six research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $664.40.

About Mastercard

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.