Purpose Unlimited Inc. Purchases Shares of 1,632 Mastercard Incorporated $MA

Purpose Unlimited Inc. acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,632 shares of the credit services provider’s stock, valued at approximately $932,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Riggs Asset Managment Co. Inc. increased its position in Mastercard by 20.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after buying an additional 18 shares in the last quarter. Affinity Capital Advisors LLC boosted its holdings in Mastercard by 0.7% in the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock worth $1,678,000 after acquiring an additional 19 shares in the last quarter. Abacus Planning Group Inc. boosted its holdings in Mastercard by 3.3% in the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock worth $337,000 after acquiring an additional 19 shares in the last quarter. Thomasville National Bank grew its stake in Mastercard by 4.1% in the fourth quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock valued at $273,000 after acquiring an additional 19 shares during the period. Finally, Castle Rock Wealth Management LLC grew its stake in Mastercard by 2.8% in the fourth quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock valued at $387,000 after acquiring an additional 19 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $490.73 on Friday. The firm has a market capitalization of $433.60 billion, a P/E ratio of 28.40, a P/E/G ratio of 1.53 and a beta of 0.74. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.77. The stock has a 50 day moving average price of $498.76 and a two-hundred day moving average price of $521.76. 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:MA) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the company earned $3.73 earnings per share. Equities analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be given a $0.87 dividend. 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, July 9th. Mastercard’s dividend payout ratio is presently 20.14%.

Wall Street Analysts Forecast Growth

MA has been the subject of several recent research reports. Tigress Financial boosted 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. Evercore reiterated a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. BNP Paribas Exane raised shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price target for the company in a research report on Thursday, March 19th. TD Cowen restated a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Finally, Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. 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’s stock. According to MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and an average price target of $656.04.

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.