Larry Mathis Financial Planning LLC Buys New Position in Mastercard Incorporated $MA

Larry Mathis Financial Planning LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,678 shares of the credit services provider’s stock, valued at approximately $958,000.

A number of other hedge funds have also added to or reduced their stakes in MA. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 41 shares in the last quarter. Strive Financial Group LLC purchased a new position in shares of Mastercard during the fourth quarter valued at about $27,000. Hyposwiss Advisors SA bought a new position in Mastercard in the fourth quarter worth about $29,000. Foster Dykema Cabot & Partners LLC raised its stake in Mastercard by 250.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after buying an additional 40 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC lifted its holdings in Mastercard by 54.1% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after buying an additional 20 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Dbs Bank raised Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Raymond James Financial set a $609.00 target price on Mastercard in a research report on Friday, May 1st. Truist Financial lowered their target price on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Loop Capital restated a “buy” rating and set a $631.00 price target on shares of Mastercard in a research report on Wednesday, June 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $679.00 price target on shares of Mastercard in a research note on Friday, May 1st. Six equities 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 given a Sell rating to the company. According to MarketBeat, Mastercard has a consensus rating of “Buy” and a consensus price target of $656.04.

Mastercard Trading Up 0.2%

NYSE:MA opened at $490.73 on Friday. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.77. 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’s 50-day simple moving average is $498.76 and its 200 day simple moving average is $521.76. The firm has a market capitalization of $433.60 billion, a P/E ratio of 28.40, a PEG ratio of 1.53 and a beta of 0.74.

Mastercard (NYSE:MA) last announced its 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 net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter last year, the firm earned $3.73 earnings per share. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

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.