Old North State Trust LLC Acquires 1,223 Shares of Mastercard Incorporated $MA

Old North State Trust LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 48.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,725 shares of the credit services provider’s stock after buying an additional 1,223 shares during the quarter. Mastercard comprises 1.3% of Old North State Trust LLC’s portfolio, making the stock its 16th biggest holding. Old North State Trust LLC’s holdings in Mastercard were worth $2,127,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. J. Stern & Co. LLP boosted its stake in shares of Mastercard by 53,535.0% during the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock worth $41,444,231,000 after acquiring an additional 72,461,743 shares in the last quarter. Norges Bank bought a new position in shares of Mastercard in the 4th quarter valued at approximately $6,705,708,000. Cardano Risk Management B.V. lifted its holdings in Mastercard by 861.6% in the 4th quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider’s stock worth $2,324,743,000 after purchasing an additional 3,648,748 shares during the last quarter. State Street Corp lifted its holdings in Mastercard by 2.8% in the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after purchasing an additional 997,536 shares during the last quarter. Finally, Cibc World Markets Corp bought a new stake in Mastercard during the fourth quarter worth approximately $497,311,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Up 0.2%

Shares of MA stock opened at $490.73 on Monday. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77. The firm has a market cap 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. The stock has a 50 day moving average of $498.76 and a 200-day moving average of $521.61. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (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 for the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter last year, the company posted $3.73 earnings per share. Mastercard’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities analysts predict that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared 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 of this dividend 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 20.14%.

Analyst Ratings Changes

MA has been the topic of several analyst reports. Bank of America began coverage on Mastercard in a report on Thursday, March 5th. They set a “buy” rating and a $700.00 price target on the stock. Susquehanna decreased their price objective on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a report on Friday, May 1st. Evercore reiterated a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. BMO Capital Markets assumed coverage on shares of Mastercard in a report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 target price on the stock. Finally, Citigroup cut their target price on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. 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 issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target 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.