Zeke Capital Advisors LLC raised its position in Mastercard Incorporated (NYSE:MA) by 93.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,894 shares of the credit services provider’s stock after purchasing an additional 7,662 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Mastercard were worth $2,244,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of MA. Massey Quick Simon & CO. LLC bought a new stake in shares of Mastercard during the 3rd quarter worth about $102,000. Chicago Partners Investment Group LLC boosted its stake in shares of Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 874 shares in the last quarter. Thompson Davis & CO. Inc. boosted its stake in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 546 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Mastercard by 1.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after acquiring an additional 12 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Mastercard during the 2nd quarter worth about $121,000. Hedge funds and other institutional investors own 75.61% of the company’s stock.
Several analysts have recently issued reports on the company. Vetr upgraded Mastercard from a “sell” rating to a “hold” rating and set a $158.70 price target for the company in a research note on Thursday, January 11th. Robert W. Baird reiterated an “outperform” rating and set a $182.00 price target (up previously from $170.00) on shares of Mastercard in a research note on Friday. Sanford C. Bernstein reiterated a “buy” rating and set a $180.00 price target (up previously from $166.00) on shares of Mastercard in a research note on Monday, December 11th. Cowen reiterated a “buy” rating and set a $137.00 price target on shares of Mastercard in a research note on Thursday, October 12th. Finally, Zacks Investment Research cut Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have given a buy rating to the stock. Mastercard presently has a consensus rating of “Buy” and a consensus target price of $162.22.
Shares of Mastercard Incorporated (NYSE MA) opened at $165.48 on Friday. Mastercard Incorporated has a 12 month low of $104.01 and a 12 month high of $165.98. The firm has a market capitalization of $175,190.00, a P/E ratio of 38.57, a PEG ratio of 1.85 and a beta of 1.21. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83.
Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the company posted $1.08 EPS. The company’s revenue was up 18.1% compared to the same quarter last year. sell-side analysts predict that Mastercard Incorporated will post 4.55 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Tuesday, January 9th will be paid a $0.25 dividend. This is a positive change from Mastercard’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Monday, January 8th. Mastercard’s dividend payout ratio is currently 23.31%.
Mastercard announced that its board has approved a share buyback program on Monday, December 4th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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