1,576 Shares in Mastercard Incorporated $MA Bought by Cushing Capital Partners LLC

Cushing Capital Partners LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MAFree Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,576 shares of the credit services provider’s stock, valued at approximately $896,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MA. Brighton Jones LLC lifted its holdings in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the last quarter. J. Stern & Co. LLP raised its position in Mastercard by 7.7% during the first quarter. J. Stern & Co. LLP now owns 130,460 shares of the credit services provider’s stock valued at $71,508,000 after purchasing an additional 9,275 shares during the period. Findlay Park Partners LLP lifted its stake in shares of Mastercard by 1.3% in the 1st quarter. Findlay Park Partners LLP now owns 533,590 shares of the credit services provider’s stock valued at $292,471,000 after purchasing an additional 7,100 shares during the last quarter. Samalin Investment Counsel LLC purchased a new position in shares of Mastercard in the 1st quarter worth approximately $254,000. Finally, Redwood Investment Management LLC increased its position in shares of Mastercard by 43.0% during the 1st quarter. Redwood Investment Management LLC now owns 1,705 shares of the credit services provider’s stock valued at $934,000 after purchasing an additional 513 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on MA. Cowen restated a “buy” rating on shares of Mastercard in a research report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Compass Point set a $620.00 target price on shares of Mastercard and gave the stock a “neutral” rating in a report on Friday, October 31st. Citigroup upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Evercore ISI set a $610.00 price objective on shares of Mastercard in a research report on Friday, December 12th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $657.48.

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Mastercard Trading Up 0.2%

MA stock opened at $576.68 on Wednesday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm’s 50-day moving average is $554.34 and its 200 day moving average is $565.68. The company has a market capitalization of $517.86 billion, a PE ratio of 36.87, a P/E/G ratio of 2.26 and a beta of 0.87. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12.

Mastercard (NYSE:MAGet Free Report) last issued its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The business had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.53 billion. During the same period in the prior year, the firm earned $3.89 EPS. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be given a dividend of $0.87 per share. This is a boost from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, January 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio is presently 19.44%.

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About Mastercard

(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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