Midway Capital Research & Management Acquires New Shares in Mastercard Incorporated $MA

Midway Capital Research & Management bought a new position in shares of Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,650 shares of the credit services provider’s stock, valued at approximately $5,509,000. Mastercard accounts for approximately 5.4% of Midway Capital Research & Management’s holdings, making the stock its 4th largest holding.

A number of other institutional investors have also recently made changes to their positions in MA. Vanguard Group Inc. boosted its stake in shares of Mastercard by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock valued at $45,612,087,000 after purchasing an additional 466,514 shares during the last quarter. J. Stern & Co. LLP grew its stake in shares of Mastercard by 53,535.0% in the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock valued at $41,444,231,000 after buying an additional 72,461,743 shares during the period. State Street Corp increased its holdings in shares of Mastercard by 2.8% during the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after acquiring an additional 997,536 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Mastercard by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock worth $11,773,153,000 after purchasing an additional 349,369 shares in the last quarter. Finally, Capital International Investors lifted its holdings in shares of Mastercard by 4.4% in the 4th quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock worth $10,256,368,000 after purchasing an additional 759,584 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA opened at $490.73 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock’s 50-day simple moving average is $498.76 and its two-hundred day simple moving average is $521.76. The firm 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 Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. The business had revenue of $8.40 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the business posted $3.73 earnings per share. As a group, equities analysts anticipate that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is 20.14%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. TD Cowen restated a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Bank of America started coverage on shares of Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 price objective on the stock. Truist Financial cut their price target on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Evercore reiterated a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Finally, BMO Capital Markets initiated coverage on Mastercard in a report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 target price for the company. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $656.04.

Mastercard 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.