Cane Capital Partners LLC Acquires Shares of 1,014 Mastercard Incorporated $MA

Cane Capital Partners LLC bought a new stake in Mastercard Incorporated (NYSE:MAFree Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,014 shares of the credit services provider’s stock, valued at approximately $579,000.

Other large investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. acquired a new position in shares of Mastercard in the 2nd quarter valued at $29,000. Robbins Farley lifted its stake in shares of Mastercard by 50.0% in 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 during the period. Foster Dykema Cabot & Partners LLC lifted its stake in shares of Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares during the period. Tacita Capital Inc lifted its stake in shares of Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 19 shares during the period. Finally, Sagard Holdings Management Inc. acquired a new position in shares of Mastercard in the 2nd quarter valued at $37,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 0.6%

Shares of MA opened at $498.27 on Wednesday. Mastercard Incorporated has a 52-week low of $470.00 and a 52-week high of $601.77. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The firm’s fifty day moving average is $515.36 and its two-hundred day moving average is $543.10. The stock has a market cap of $444.36 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 1.58 and a beta of 0.83.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) 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 company had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter in the previous year, the company posted $3.82 EPS. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. Research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

Analysts Set New Price Targets

MA has been the subject of several analyst reports. UBS Group decreased their target price on shares of Mastercard from $700.00 to $650.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. Cantor Fitzgerald raised shares of Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a report on Sunday, March 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $656.00 price target on shares of Mastercard in a report on Friday, January 30th. Finally, Bank of America assumed coverage on shares of Mastercard in a report on Thursday, March 5th. They issued a “buy” rating and a $700.00 price target for the company. Six research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $664.40.

View Our Latest Report on Mastercard

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.

Featured Articles

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.