Glenview Trust Co Has $96.85 Million Stock Holdings in Mastercard Incorporated $MA

Glenview Trust Co reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 170,272 shares of the credit services provider’s stock after selling 1,447 shares during the period. Mastercard comprises about 1.5% of Glenview Trust Co’s investment portfolio, making the stock its 16th biggest position. Glenview Trust Co’s holdings in Mastercard were worth $96,852,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after acquiring an additional 2,028 shares in the last quarter. Foster & Motley Inc. grew its holdings in shares of Mastercard by 12.3% in the 2nd quarter. Foster & Motley Inc. now owns 1,107 shares of the credit services provider’s stock worth $622,000 after purchasing an additional 121 shares during the last quarter. Swan Global Investments LLC increased its position in shares of Mastercard by 21.9% during the 2nd quarter. Swan Global Investments LLC now owns 596 shares of the credit services provider’s stock worth $335,000 after purchasing an additional 107 shares in the last quarter. Mountain Capital Investment Advisors Inc. increased its position in shares of Mastercard by 25.4% during the 2nd quarter. Mountain Capital Investment Advisors Inc. now owns 513 shares of the credit services provider’s stock worth $290,000 after purchasing an additional 104 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in Mastercard by 0.6% during the 2nd quarter. Stephens Inc. AR now owns 91,099 shares of the credit services provider’s stock valued at $51,192,000 after purchasing an additional 556 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Raymond James Financial cut their price objective on Mastercard from $707.00 to $631.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. TD Cowen increased their target price on Mastercard from $668.00 to $671.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Evercore set a $610.00 price objective on shares of Mastercard in a report on Friday, December 12th. Finally, Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a research report on Friday, February 6th. Six equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $669.27.

Mastercard Price Performance

Mastercard stock opened at $518.43 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. The firm has a market capitalization of $465.55 billion, a P/E ratio of 31.38, a PEG ratio of 1.67 and a beta of 0.83. The business has a 50-day moving average of $553.43 and a 200-day moving average of $562.84. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77.

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 the consensus estimate 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 for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter last year, the firm earned $3.82 EPS. Mastercard’s quarterly revenue was up 17.5% compared to the same quarter last year. On average, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be given a $0.87 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard’s dividend payout ratio is currently 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.