Trivium Point Advisory LLC Lowers Holdings in Mastercard Incorporated $MA

Trivium Point Advisory LLC reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 7.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,317 shares of the credit services provider’s stock after selling 1,254 shares during the quarter. Mastercard comprises about 0.9% of Trivium Point Advisory LLC’s portfolio, making the stock its 26th biggest position. Trivium Point Advisory LLC’s holdings in Mastercard were worth $8,712,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Evolution Wealth Management Inc. bought a new stake in shares of Mastercard in the second quarter valued at about $29,000. Robbins Farley increased its position in Mastercard by 50.0% during 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 during the period. 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 valued at $32,000 after purchasing an additional 19 shares during the period. True Wealth Design LLC raised its holdings in shares of Mastercard by 45.2% in the 2nd quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 19 shares in the last quarter. Finally, Sagard Holdings Management Inc. purchased a new stake in shares of Mastercard in the 2nd quarter worth approximately $37,000. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MA. Evercore set a $610.00 price objective on shares of Mastercard in a research note on Friday, December 12th. Daiwa Securities Group set a $610.00 price objective on Mastercard and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research note on Thursday, January 22nd. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a report on Friday, February 6th. Finally, Rothschild & Co Redburn set a $685.00 price target on Mastercard in a research report on Wednesday, January 28th. Six analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $669.27.

Mastercard Price Performance

Shares of NYSE:MA opened at $515.92 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company’s 50 day moving average is $545.00 and its 200 day moving average is $559.56. The company has a market cap of $460.11 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.66 and a beta of 0.83.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.52. The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.82 earnings per share. On average, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current 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 dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s payout ratio is 21.07%.

Mastercard Profile

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.