Mastercard Incorporated $MA Shares Sold by Eastern Bank

Eastern Bank lowered its stake in Mastercard Incorporated (NYSE:MAFree Report) by 14.3% during the third quarter, Holdings Channel.com reports. The firm owned 10,990 shares of the credit services provider’s stock after selling 1,835 shares during the quarter. Eastern Bank’s holdings in Mastercard were worth $6,251,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC raised its holdings in Mastercard by 73.2% in the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock valued at $394,000 after buying an additional 295 shares during the period. Curio Wealth LLC raised its stake in shares of Mastercard by 22,400.0% in the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock valued at $126,000 after acquiring an additional 224 shares during the period. Financiere des Professionnels Fonds d investissement inc. lifted its holdings in shares of Mastercard by 88.9% during the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock valued at $8,723,000 after acquiring an additional 7,215 shares in the last quarter. Global X Japan Co. Ltd. boosted its position in Mastercard by 3,694.7% during the 3rd quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock worth $5,288,000 after purchasing an additional 9,052 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Mastercard by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock valued at $44,098,695,000 after purchasing an additional 931,132 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA opened at $545.38 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The business has a 50 day moving average price of $557.74 and a two-hundred day moving average price of $566.97. The firm has a market cap of $489.75 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86.

Mastercard (NYSE:MAGet Free Report) last released its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating the consensus estimate of $4.31 by $0.07. The company had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The business’s revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.89 EPS. Sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. This is an increase from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio (DPR) is 22.25%.

Analyst Ratings Changes

MA has been the topic of a number of recent research reports. KeyCorp restated an “overweight” rating and set a $665.00 price objective on shares of Mastercard in a research note on Wednesday, October 22nd. Robert W. Baird increased their target price on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Tigress Financial raised their target price on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a report on Thursday, November 6th. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Finally, Royal Bank Of Canada increased their price objective on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Mastercard presently has an average rating of “Buy” and an average price target of $662.08.

View Our Latest Stock Analysis on Mastercard

Key Headlines Impacting Mastercard

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Mastercard 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.

Further Reading

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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