Unique Wealth LLC Sells 1,819 Shares of Mastercard Incorporated $MA

Unique Wealth LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 48.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,942 shares of the credit services provider’s stock after selling 1,819 shares during the period. Unique Wealth LLC’s holdings in Mastercard were worth $970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. J. Stern & Co. LLP grew its stake in shares of Mastercard by 53,535.0% during the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock valued at $41,444,231,000 after purchasing an additional 72,461,743 shares during the period. Norges Bank bought a new position in shares of Mastercard in the 4th quarter worth approximately $6,705,708,000. Cardano Risk Management B.V. lifted its stake in shares of Mastercard by 861.6% in the 4th quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider’s stock worth $2,324,743,000 after purchasing an additional 3,648,748 shares during the period. State Street Corp boosted its holdings in shares of Mastercard by 2.8% in the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after buying an additional 997,536 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new position in shares of Mastercard in the fourth quarter worth approximately $497,311,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 1.1%

NYSE MA opened at $489.15 on Friday. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a market cap of $432.21 billion, a PE ratio of 28.31, a P/E/G ratio of 1.54 and a beta of 0.74. The stock’s 50 day moving average is $497.40 and its 200 day moving average is $519.99.

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

Mastercard Dividend Announcement

The company also recently announced 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 dividend yield of 0.7%. The ex-dividend date is Thursday, July 9th. Mastercard’s payout ratio is currently 20.14%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MA shares. Weiss Ratings downgraded shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. TD Cowen restated a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. BMO Capital Markets started coverage on Mastercard in a report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 target price on the stock. Loop Capital reissued a “buy” rating and set a $631.00 price target on shares of Mastercard in a report on Wednesday, June 3rd. Finally, Raymond James Financial set a $609.00 price objective on Mastercard in a research note on Friday, May 1st. Six investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $656.08.

Mastercard Company 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.