Greenup Street Wealth Management LLC Purchases 5,538 Shares of Mastercard Incorporated $MA

Greenup Street Wealth Management LLC increased its position in Mastercard Incorporated (NYSE:MAFree Report) by 1,328.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 5,955 shares of the credit services provider’s stock after purchasing an additional 5,538 shares during the period. Greenup Street Wealth Management LLC’s holdings in Mastercard were worth $2,976,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. grew its holdings in Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 41 shares during the last quarter. Strive Financial Group LLC bought a new position in shares of Mastercard during the fourth quarter valued at about $27,000. Hyposwiss Advisors SA bought a new position in shares of Mastercard during the fourth quarter valued at about $29,000. Foster Dykema Cabot & Partners LLC raised its stake in shares of Mastercard by 250.0% during 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 last quarter. Finally, Bay Harbor Wealth Management LLC boosted its holdings in shares of Mastercard by 54.1% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 20 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MA. Raymond James Financial set a $609.00 price target on Mastercard in a report on Friday, May 1st. Susquehanna reduced their target price on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research note on Friday, May 1st. Bank of America started coverage on Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 price target for the company. Tigress Financial upped their price objective on shares of Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a report on Friday, March 13th. Finally, Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Six analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $656.08.

Check Out Our Latest Report on MA

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Mastercard Price Performance

Shares of NYSE MA opened at $494.20 on Thursday. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The company has a 50 day simple moving average of $497.88 and a two-hundred day simple moving average of $520.38. The company has a market capitalization of $436.66 billion, a price-to-earnings ratio of 28.60, a P/E/G ratio of 1.52 and a beta of 0.74. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98.

Mastercard (NYSE:MAGet Free Report) last released its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. During the same period last year, the business earned $3.73 earnings per share. The business’s revenue was up 15.8% on a year-over-year basis. Analysts expect that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be paid a dividend of $0.87 per share. The ex-dividend date is Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. Mastercard’s payout ratio is presently 20.14%.

Mastercard Company 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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