Weaver Capital Management LLC Invests $1.74 Million in Mastercard Incorporated $MA

by · The Cerbat Gem

Weaver Capital Management LLC bought a new stake in Mastercard Incorporated (NYSE:MA – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,050 shares of the credit services provider’s stock, valued at approximately $1,735,000.

Other large investors have also recently bought and sold shares of the company. LGT Financial Advisors LLC acquired a new stake in shares of Mastercard during the second quarter valued at $25,000. Family Legacy Financial Solutions LLC purchased a new position in Mastercard in the 2nd quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard during the 1st quarter worth about $27,000. Evolution Wealth Management Inc. acquired a new stake in shares of Mastercard during the 2nd quarter worth about $29,000. Finally, Robbins Farley raised its position in shares of Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after buying an additional 18 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

MA opened at $577.89 on Tuesday. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a 50 day moving average of $555.85 and a two-hundred day moving average of $565.42. The company has a market cap of $518.95 billion, a P/E ratio of 36.95, a P/E/G ratio of 2.28 and a beta of 0.87. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40.

Mastercard (NYSE:MA – Get Free Report) last posted its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The business had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the previous year, the business posted $3.89 EPS. The business’s quarterly revenue was up 16.7% on a year-over-year basis. On average, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, January 9th. This is an increase from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio (DPR) is 19.44%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Tigress Financial lifted their target price on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 6th. Evercore ISI set a $610.00 target price on Mastercard in a research report on Friday, December 12th. Wells Fargo & Company lowered their price target on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Finally, KeyCorp restated an “overweight” rating and issued a $665.00 target price on shares of Mastercard in a report on Wednesday, October 22nd. Five research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $657.48.

View Our Latest Stock Report on Mastercard

About Mastercard

(Free Report)

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.

See Also

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