Meadowbrook Advisors Group LLC Takes Position in Mastercard Incorporated $MA

Meadowbrook Advisors Group LLC bought a new stake in Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,505 shares of the credit services provider’s stock, valued at approximately $2,001,000.

Other institutional investors also recently bought and sold shares of the company. Vulcan Value Partners LLC boosted its position in Mastercard by 6.5% during the 3rd quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock valued at $265,233,000 after buying an additional 28,331 shares during the period. Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Mastercard in the fourth quarter valued at about $1,113,000. Assetmark Inc. increased its position in shares of Mastercard by 4.5% in the fourth quarter. Assetmark Inc. now owns 229,299 shares of the credit services provider’s stock valued at $130,902,000 after acquiring an additional 9,795 shares during the period. Global X Japan Co. Ltd. raised its stake in shares of Mastercard by 396.3% during the fourth quarter. Global X Japan Co. Ltd. now owns 46,145 shares of the credit services provider’s stock valued at $26,343,000 after acquiring an additional 36,848 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan raised its stake in shares of Mastercard by 6.1% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 65,414 shares of the credit services provider’s stock valued at $37,344,000 after acquiring an additional 3,768 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of NYSE MA opened at $490.73 on Friday. Mastercard Incorporated has a 1 year low of $464.52 and a 1 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 moving average is $498.76 and its 200 day moving average is $521.76. The stock has a market capitalization of $433.60 billion, a P/E ratio of 28.40, a P/E/G ratio of 1.53 and a beta of 0.74.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping the consensus estimate of $4.41 by $0.19. The business had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. Mastercard’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the business posted $3.73 earnings per share. On average, sell-side analysts expect that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be given a $0.87 dividend. 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 dividend payout ratio is currently 20.14%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MA. TD Cowen reissued a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Tigress Financial upped their price target on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research report on Friday, March 13th. Morgan Stanley reiterated an “overweight” rating and issued a $679.00 price objective on shares of Mastercard in a report on Friday, May 1st. Weiss Ratings lowered Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Dbs Bank raised Mastercard to a “moderate buy” rating in a research note on Friday, March 27th. Six analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $656.04.

Mastercard Company 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.