Park Edge Advisors LLC Cuts Stock Position in Mastercard Incorporated $MA

Park Edge Advisors LLC cut its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 45.6% in the first quarter, HoldingsChannel reports. The firm owned 1,710 shares of the credit services provider’s stock after selling 1,433 shares during the quarter. Park Edge Advisors LLC’s holdings in Mastercard were worth $854,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after buying an additional 41 shares in the last quarter. Strive Financial Group LLC purchased a new stake in shares of Mastercard during the 4th quarter valued at about $27,000. Hyposwiss Advisors SA purchased a new stake in shares of Mastercard during the 4th quarter valued at about $29,000. Foster Dykema Cabot & Partners LLC lifted 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 last quarter. Finally, Bay Harbor Wealth Management LLC lifted its holdings 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 valued at $33,000 after acquiring an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Mastercard stock opened at $494.20 on Thursday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77. The firm has a market capitalization of $436.66 billion, a P/E ratio of 28.60, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74. The company’s 50-day moving average is $497.88 and its 200 day moving average is $520.38.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating 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 return on equity of 212.96% and a net margin of 45.88%.The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.73 earnings per share. Research analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.14%.

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Raymond James Financial set a $609.00 price objective on Mastercard in a research note on Friday, May 1st. UBS Group lowered their price objective on Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Weiss Ratings cut Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Dbs Bank raised Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Finally, Wolfe Research restated an “outperform” rating on shares of Mastercard in a report on Tuesday, March 17th. Six research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $656.08.

Read Our Latest Research Report on Mastercard

Mastercard Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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