Tritonpoint Wealth LLC Sells 2,595 Shares of Mastercard Incorporated $MA

Key Points

• Tritonpoint Wealth LLC trimmed its stake in Mastercard by 9.0% in Q4, selling 2,595 shares and retaining 26,319 shares valued at about $15.03 million (1.5% of its portfolio and its 12th largest holding).
• Mastercard beat expectations for the quarter with $4.76 EPS versus $4.24 expected and $8.81 billion in revenue (up 17.5% year-over-year), posting a 45.65% net margin.
• Dividend and analyst sentiment: Mastercard announced a $0.87 quarterly dividend (annualized $3.48, 0.7% yield) and holds a consensus "Buy" rating with an average target around $664, trading at roughly $440B market cap and a P/E near 29.9.

Tritonpoint Wealth LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 9.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,319 shares of the credit services provider's stock after selling 2,595 shares during the period. Mastercard makes up 1.5% of Tritonpoint Wealth LLC's investment portfolio, making the stock its 12th biggest holding. Tritonpoint Wealth LLC's holdings in Mastercard were worth $15,025,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MA. Evolution Wealth Management Inc. bought a new position in Mastercard in the second quarter worth approximately $29,000. Robbins Farley increased its holdings in shares of Mastercard by 50.0% during the third quarter. Robbins Farley now owns 54 shares of the credit services provider's stock valued at $31,000 after acquiring an additional 18 shares in the last quarter. Tacita Capital Inc raised its position in shares of Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider's stock worth $32,000 after purchasing an additional 19 shares during the period. 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 worth $32,000 after purchasing an additional 40 shares in the last quarter. Finally, Sagard Holdings Management Inc. bought a new position in shares of Mastercard in the 2nd quarter worth $37,000. Institutional investors own 97.28% of the company's stock.

Mastercard Trading Up 0.0%

NYSE MA opened at $493.55 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. The business has a fifty day simple moving average of $516.31 and a 200 day simple moving average of $544.97. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm has a market capitalization of $440.15 billion, a P/E ratio of 29.88, a PEG ratio of 1.58 and a beta of 0.83.

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

Mastercard Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on MA shares. Wall Street Zen upgraded shares of Mastercard from a "hold" rating to a "buy" rating in a research note on Sunday, March 15th. Morgan Stanley raised their price objective on shares of Mastercard from $665.00 to $678.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. TD Cowen reiterated a "buy" rating on shares of Mastercard in a report on Tuesday, March 17th. Bank of America initiated coverage on shares of Mastercard in a research report on Thursday, March 5th. They set a "buy" rating and a $700.00 target price for the company. Finally, Raymond James Financial lowered their target price on shares of Mastercard from $707.00 to $631.00 and set an "outperform" rating on the stock in a report on Thursday, January 29th. Six investment 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 issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $664.40.

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.

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