EJMK Ventures LLC Makes New $831,000 Investment in Mastercard Incorporated $MA

EJMK Ventures LLC purchased a new position in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,455 shares of the credit services provider’s stock, valued at approximately $831,000.

Other institutional investors have also modified their holdings of the company. Targeted Financial Services LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at about $374,000. Tulsa Wealth Advisors INC bought a new stake in Mastercard in the 4th quarter valued at approximately $722,000. NWF Advisory Services Inc. boosted its position in Mastercard by 2.9% during the 4th quarter. NWF Advisory Services Inc. now owns 2,707 shares of the credit services provider’s stock worth $1,545,000 after acquiring an additional 77 shares during the last quarter. Reflection Asset Management acquired a new position in Mastercard during the 4th quarter worth approximately $583,000. Finally, CFO Capital Management LLC bought a new position in shares of Mastercard during the 4th quarter worth approximately $294,000. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on MA shares. Morgan Stanley restated an “overweight” rating and set a $679.00 target price on shares of Mastercard in a report on Friday, May 1st. BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective for the company in a research note on Thursday, March 19th. Susquehanna decreased their price objective on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a report on Friday, May 1st. Bank of America started coverage on Mastercard in a report on Thursday, March 5th. They set a “buy” rating and a $700.00 target price on the stock. Finally, Weiss Ratings downgraded Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Six analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $656.04.

Mastercard Stock Performance

MA opened at $490.73 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77. The business has a 50 day moving average of $498.76 and a 200-day moving average of $521.76. The stock has a market cap of $433.60 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 1.53 and a beta of 0.74.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter in the prior year, the business earned $3.73 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, equities research analysts expect that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. Mastercard’s payout ratio is presently 20.14%.

About Mastercard

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.