Fund Advisors of America Inc FL Acquires New Holdings in Mastercard Incorporated $MA

Fund Advisors of America Inc FL bought a new stake in shares of Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,660 shares of the credit services provider’s stock, valued at approximately $948,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. raised its holdings in shares of Mastercard by 20.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after buying an additional 18 shares during the last quarter. Affinity Capital Advisors LLC grew its holdings in Mastercard by 0.7% in the 4th quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock worth $1,678,000 after buying an additional 19 shares in the last quarter. Abacus Planning Group Inc. increased its position in Mastercard by 3.3% in the 4th quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock valued at $337,000 after acquiring an additional 19 shares during the period. Thomasville National Bank increased its position in Mastercard by 4.1% in the 4th quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock valued at $273,000 after acquiring an additional 19 shares during the period. Finally, Castle Rock Wealth Management LLC raised its stake in Mastercard by 2.8% during the 4th quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock valued at $387,000 after acquiring an additional 19 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

MA opened at $490.73 on Friday. The business has a 50 day moving average price of $498.76 and a two-hundred day moving average price of $521.76. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $433.60 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77.

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

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be paid 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 yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is currently 20.14%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MA. TD Cowen reiterated a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Susquehanna lowered their price target on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a report on Friday, May 1st. Raymond James Financial set a $609.00 price objective on shares of Mastercard in a research note on Friday, May 1st. Weiss Ratings downgraded shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada decreased their target price on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Six 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $656.04.

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.