Mastercard Incorporated $MA Shares Sold by Crystal Rock Capital Management

Crystal Rock Capital Management trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 4.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,639 shares of the credit services provider’s stock after selling 930 shares during the quarter. Mastercard comprises about 5.8% of Crystal Rock Capital Management’s portfolio, making the stock its 5th biggest holding. Crystal Rock Capital Management’s holdings in Mastercard were worth $10,602,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in MA. LGT Financial Advisors LLC acquired a new position in Mastercard during the 2nd quarter valued at about $25,000. Evolution Wealth Management Inc. acquired a new position in shares of Mastercard during the second quarter valued at approximately $29,000. IMG Wealth Management Inc. bought a new stake in Mastercard during the second quarter worth approximately $31,000. Robbins Farley boosted its stake 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 in the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of Mastercard by 45.2% in the second quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock valued at $34,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.5%

Shares of Mastercard stock opened at $549.07 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.12 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The stock has a 50-day moving average price of $555.27 and a 200 day moving average price of $564.33. The company has a market cap of $493.06 billion, a P/E ratio of 33.24, a P/E/G ratio of 1.78 and a beta of 0.83.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The business had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period in the prior year, the firm earned $3.82 earnings per share. The firm’s revenue was up 17.5% compared to the same quarter last year. As a group, analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 9th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, January 9th. Mastercard’s dividend payout ratio (DPR) is currently 21.07%.

Analyst Upgrades and Downgrades

MA has been the subject of several research reports. Truist Financial set a $609.00 price objective on shares of Mastercard in a research report on Tuesday, January 20th. Compass Point upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $620.00 to $735.00 in a research report on Tuesday, January 13th. Cantor Fitzgerald upgraded Mastercard to a “strong-buy” rating in a research report on Tuesday, January 27th. KeyCorp restated an “overweight” rating and issued a $665.00 target price on shares of Mastercard in a report on Wednesday, October 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $656.00 price target on shares of Mastercard in a research note on Friday, January 30th. Six analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $669.18.

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.