Norris Perne & French LLP MI Acquires 6,612 Shares of Mastercard Incorporated $MA

Key Points

• Norris Perne & French LLP MI increased its Mastercard stake by 37.9%, buying 6,612 shares in Q4 to hold 24,054 shares worth $13,732,000.
• Mastercard beat quarterly estimates with EPS of $4.76 vs $4.24 expected and revenue of $8.81 billion (up 17.5% YoY), and analysts maintain a consensus Buy rating with an average target price of $664.40.
• Mastercard declared a quarterly dividend of $0.87 (annualized $3.48), with an ex-dividend/record date of April 9 and a yield of about 0.7%.

Norris Perne & French LLP MI increased its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 37.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,054 shares of the credit services provider's stock after buying an additional 6,612 shares during the quarter. Norris Perne & French LLP MI's holdings in Mastercard were worth $13,732,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Evolution Wealth Management Inc. bought a new stake in shares of Mastercard during the 2nd quarter worth $29,000. Robbins Farley lifted its position in shares of Mastercard by 50.0% during the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider's stock worth $31,000 after buying an additional 18 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its position in shares of Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider's stock worth $32,000 after buying an additional 40 shares during the last quarter. Tacita Capital Inc lifted its position in shares of Mastercard by 50.0% during the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider's stock worth $32,000 after buying an additional 19 shares during the last quarter. Finally, Dagco Inc. lifted its position in shares of Mastercard by 200.0% during the 4th quarter. Dagco Inc. now owns 66 shares of the credit services provider's stock worth $38,000 after buying an additional 44 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company upped their target price on Mastercard from $660.00 to $668.00 and gave the stock an "overweight" rating in a report on Thursday, January 29th. Rothschild & Co Redburn set a $685.00 target price on Mastercard in a report on Wednesday, January 28th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $656.00 target price on shares of Mastercard in a report on Friday, January 30th. Loop Capital assumed coverage on Mastercard in a report on Tuesday, March 31st. They issued a "buy" rating and a $631.00 target price for the company. Finally, Macquarie Infrastructure upped their target price on Mastercard from $660.00 to $675.00 and gave the stock an "outperform" rating in a report on Friday, January 30th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $664.40.

Mastercard Price Performance

Shares of MA opened at $508.19 on Tuesday. Mastercard Incorporated has a 12-month low of $480.50 and a 12-month high of $601.77. The business has a 50-day simple moving average of $512.53 and a two-hundred day simple moving average of $541.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The stock has a market cap of $453.20 billion, a PE ratio of 30.76, a PEG ratio of 1.60 and a beta of 0.83.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.52. The company had revenue of $8.81 billion during the quarter, compared to analysts' expectations of $8.80 billion. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The business's quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.82 earnings per share. Analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. Mastercard's dividend payout ratio is presently 21.07%.

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.

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