Meadowbrook Advisors Group LLC Acquires Shares of 3,505 Mastercard Incorporated $MA

Meadowbrook Advisors Group LLC bought a new stake in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,505 shares of the credit services provider’s stock, valued at approximately $2,001,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. boosted its stake in Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 41 shares in the last quarter. Strive Financial Group LLC purchased a new stake in Mastercard in the fourth quarter worth about $27,000. Hyposwiss Advisors SA bought a new position in shares of Mastercard during the fourth quarter valued at approximately $29,000. Foster Dykema Cabot & Partners LLC increased its stake in shares of Mastercard by 250.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC lifted its holdings in shares of Mastercard by 54.1% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 20 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

MA stock opened at $490.73 on Friday. The stock has a market capitalization of $433.60 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77. The company has a current ratio of 0.98, a quick 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 200 day simple moving average is $521.76.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating the consensus estimate 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 was up 15.8% compared to the same quarter last year. During the same period last year, the business posted $3.73 EPS. As a group, research analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently commented on MA. TD Cowen reissued a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Morgan Stanley restated an “overweight” rating and set a $679.00 price target on shares of Mastercard in a report on Friday, May 1st. BMO Capital Markets started coverage on Mastercard in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price target for the company. Citigroup dropped their price target on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Bank of America started coverage on shares of Mastercard in a research report on Thursday, March 5th. They set a “buy” rating and a $700.00 price objective on the stock. Six research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $656.04.

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.