Mastercard Incorporated $MA Shares Sold by Portside Wealth Group LLC

Portside Wealth Group LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,609 shares of the credit services provider’s stock after selling 1,503 shares during the quarter. Mastercard accounts for about 0.9% of Portside Wealth Group LLC’s holdings, making the stock its 21st biggest holding. Portside Wealth Group LLC’s holdings in Mastercard were worth $6,627,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. acquired a new stake in Mastercard in the second quarter valued at $29,000. Robbins Farley raised its stake in Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after buying an additional 18 shares in the last quarter. Tacita Capital Inc raised its stake in Mastercard by 50.0% in the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after buying an additional 19 shares in the last quarter. Foster Dykema Cabot & Partners LLC raised its stake in Mastercard by 250.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after buying an additional 40 shares in the last quarter. Finally, Sagard Holdings Management Inc. acquired a new stake in Mastercard in the second quarter valued at $37,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $501.07 on Tuesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $446.86 billion, a P/E ratio of 30.33, a P/E/G ratio of 1.58 and a beta of 0.83. The company’s fifty day moving average is $515.79 and its two-hundred day moving average is $543.70. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (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 company had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the company posted $3.82 EPS. Mastercard’s revenue was up 17.5% compared to the same quarter last year. On average, sell-side 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. Investors of record on Thursday, April 9th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s dividend payout ratio is currently 21.07%.

Analyst Ratings Changes

A number of research firms have weighed in on MA. Macquarie Infrastructure raised their price target on Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Evercore reissued a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a report on Friday, March 27th. Rothschild & Co Redburn set a $685.00 target price on Mastercard in a research report on Wednesday, January 28th. Finally, UBS Group cut their target price on Mastercard from $700.00 to $650.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. Six analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average 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.