Mastercard Incorporated $MA Shares Sold by Clearstead Advisors LLC

Clearstead Advisors LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 4.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 59,774 shares of the credit services provider’s stock after selling 2,587 shares during the period. Clearstead Advisors LLC’s holdings in Mastercard were worth $34,000,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MA. Rialto Wealth Management LLC grew its holdings in Mastercard by 13.0% during the second quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock worth $88,000 after acquiring an additional 18 shares during the period. Robbins Farley grew its stake in shares of Mastercard by 50.0% during the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 18 shares during the period. Brady Martz Wealth Solutions LLC increased its holdings in shares of Mastercard by 2.2% during the 3rd quarter. Brady Martz Wealth Solutions LLC now owns 841 shares of the credit services provider’s stock valued at $479,000 after purchasing an additional 18 shares in the last quarter. Alpine Bank Wealth Management lifted its stake in shares of Mastercard by 1.0% in the 3rd quarter. Alpine Bank Wealth Management now owns 1,817 shares of the credit services provider’s stock valued at $1,034,000 after purchasing an additional 18 shares during the period. Finally, Zullo Investment Group Inc. lifted its stake in shares of Mastercard by 1.7% in the 3rd quarter. Zullo Investment Group Inc. now owns 1,091 shares of the credit services provider’s stock valued at $621,000 after purchasing an additional 18 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent analyst reports. Evercore set a $610.00 price objective on shares of Mastercard in a report on Friday, December 12th. Compass Point upgraded Mastercard from a “neutral” rating to a “buy” rating and lifted their price target for the company from $620.00 to $735.00 in a research note on Tuesday, January 13th. Daiwa Securities Group set a $610.00 price target on Mastercard and gave the stock an “outperform” rating in a research report on Monday, February 2nd. HSBC upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Finally, Rothschild & Co Redburn set a $685.00 target price on Mastercard in a research report on Wednesday, January 28th. Six analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $669.27.

Check Out Our Latest Research Report on MA

Mastercard Stock Performance

Shares of NYSE:MA opened at $525.94 on Monday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03. The business’s 50 day moving average price is $551.10 and its 200-day moving average price is $561.64. The firm has a market capitalization of $469.04 billion, a PE ratio of 31.84, a P/E/G ratio of 1.70 and a beta of 0.83. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77.

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

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s dividend payout ratio (DPR) is currently 21.07%.

Trending Headlines about Mastercard

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Mastercard Company 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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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