Mastercard Incorporated $MA Shares Sold by Stenger Family Office LLC

Stenger Family Office LLC reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 19.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,727 shares of the credit services provider’s stock after selling 1,596 shares during the quarter. Stenger Family Office LLC’s holdings in Mastercard were worth $3,841,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Riggs Asset Managment Co. Inc. lifted its holdings in shares of Mastercard by 20.0% in 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 period. Affinity Capital Advisors LLC grew its holdings in Mastercard by 0.7% during the fourth quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock worth $1,678,000 after acquiring an additional 19 shares during the period. Abacus Planning Group Inc. raised its position in Mastercard by 3.3% in the fourth quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock worth $337,000 after acquiring an additional 19 shares in the last quarter. Thomasville National Bank raised its position in Mastercard by 4.1% in the fourth quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock worth $273,000 after acquiring an additional 19 shares in the last quarter. Finally, Castle Rock Wealth Management LLC lifted its holdings in Mastercard by 2.8% in 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 during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of MA opened at $490.73 on Friday. The business’s 50-day moving average is $498.76 and its 200-day moving average is $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 P/E/G ratio of 1.53 and a beta of 0.74. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings results 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 business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same period last year, the company posted $3.73 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. Equities research analysts expect that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MA. BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective for the company in a research report on Thursday, March 19th. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. BMO Capital Markets initiated coverage on shares of Mastercard in a research note on Tuesday, April 21st. They set an “outperform” rating and a $605.00 target price for the company. Tigress Financial raised their target price on shares of Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a report on Friday, March 13th. Finally, Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Six research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company 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.