Diversified Trust Co Cuts Stake in Mastercard Incorporated $MA

Diversified Trust Co reduced its position in Mastercard Incorporated (NYSE:MA) by 47.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 11,516 shares of the credit services provider’s stock after selling 10,434 shares during the period. Diversified Trust Co’s holdings in Mastercard were worth $5,754,000 as of its most recent SEC filing.

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

Mastercard Stock Up 0.2%

NYSE:MA opened at $490.73 on Monday. The company’s 50-day simple moving average is $498.76 and its 200-day simple moving average is $521.61. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. 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 posted 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. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. During the same quarter in the previous year, the business posted $3.73 EPS. Mastercard’s revenue was up 15.8% on a year-over-year basis. On average, equities analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MA. UBS Group cut their price objective on shares of Mastercard from $650.00 to $640.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Truist Financial reduced their price objective on shares of 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 target price on shares of Mastercard in a report on Wednesday, June 3rd. Raymond James Financial set a $609.00 target price on Mastercard in a research report on Friday, May 1st. Finally, Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $656.04.

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.