MGO One Seven LLC Buys 4,884 Shares of Mastercard Incorporated $MA

MGO One Seven LLC grew its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 22.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 26,349 shares of the credit services provider’s stock after buying an additional 4,884 shares during the quarter. MGO One Seven LLC’s holdings in Mastercard were worth $15,042,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Tacita Capital Inc raised its stake 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 buying an additional 19 shares during the period. Foster Dykema Cabot & Partners LLC grew 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 acquiring an additional 40 shares during the period. Bay Harbor Wealth Management LLC grew its stake in Mastercard by 54.1% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after acquiring an additional 20 shares during the period. Dagco Inc. increased its holdings in shares of Mastercard by 200.0% during the fourth quarter. Dagco Inc. now owns 66 shares of the credit services provider’s stock valued at $38,000 after acquiring an additional 44 shares in the last quarter. Finally, Joseph Group Capital Management bought a new stake in shares of Mastercard during the fourth quarter valued at approximately $44,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a report on Friday, March 27th. Truist Financial decreased their price target on shares of Mastercard from $611.00 to $590.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Daiwa Securities Group set a $610.00 price objective on shares of Mastercard and gave the company an “outperform” rating in a research note on Monday, February 2nd. Finally, UBS Group reduced their price objective on shares of Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a report on Friday, May 1st. Six analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $657.07.

Get Our Latest Stock Analysis on MA

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Mastercard Stock Up 1.8%

Shares of NYSE:MA opened at $500.98 on Friday. The business’s 50 day moving average is $506.14 and its 200 day moving average is $534.56. Mastercard Incorporated has a 12-month low of $480.50 and a 12-month high of $601.77. The stock has a market cap of $446.78 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 1.54 and a beta of 0.76. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. During the same period in the prior year, the firm posted $3.73 EPS. Mastercard’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, sell-side analysts forecast that Mastercard Incorporated will post 19.58 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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 issued a $0.87 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. Mastercard’s dividend payout ratio is currently 20.14%.

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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