Mastercard Incorporated $MA Stake Lowered by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,382,955 shares of the credit services provider’s stock after selling 3,196 shares during the quarter. Mastercard comprises approximately 6.4% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s portfolio, making the stock its 3rd biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Mastercard were worth $719,703,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Robbins Farley increased its position in Mastercard by 50.0% during the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after buying an additional 18 shares during the period. Foster Dykema Cabot & Partners LLC increased its holdings 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 valued at $32,000 after acquiring an additional 40 shares during the period. Tacita Capital Inc increased its holdings in shares of Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 19 shares during the period. Dagco Inc. raised its position in Mastercard by 200.0% in the 4th quarter. Dagco Inc. now owns 66 shares of the credit services provider’s stock valued at $38,000 after purchasing an additional 44 shares during the last quarter. Finally, Clayton Financial Group LLC raised its position in Mastercard by 627.3% in the 4th quarter. Clayton Financial Group LLC now owns 80 shares of the credit services provider’s stock valued at $46,000 after purchasing an additional 69 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Down 0.3%

Shares of NYSE:MA opened at $509.83 on Thursday. Mastercard Incorporated has a fifty-two week low of $480.50 and a fifty-two week high of $601.77. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The firm’s 50-day simple moving average is $508.40 and its 200-day simple moving average is $538.62. The company has a market cap of $454.67 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 1.64 and a beta of 0.83.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The firm had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the prior year, the company posted $3.82 earnings per share. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. As a group, equities research analysts predict that Mastercard Incorporated will post 19.52 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be paid a $0.87 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard’s payout ratio is 21.07%.

Analyst Ratings Changes

MA has been the topic of several research reports. Evercore reissued a “negative” rating on shares of Mastercard in a research report on Tuesday, March 17th. Wells Fargo & Company increased their target price on shares of Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Daiwa Securities Group set a $610.00 price target on Mastercard and gave the stock an “outperform” rating in a report on Monday, February 2nd. Compass Point raised Mastercard from a “neutral” rating to a “buy” rating and upped their price objective for the company from $620.00 to $735.00 in a research note on Tuesday, January 13th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $739.00 target price on shares of Mastercard in a research note on Thursday, January 29th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $659.81.

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.