Rydar Equities Inc. Purchases Shares of 1,999 Mastercard Incorporated $MA

by · The Markets Daily

Rydar Equities Inc. purchased a new stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) in the second quarter, Holdings Channel reports. The firm purchased 1,999 shares of the credit services provider’s stock, valued at approximately $1,123,000.

Several other institutional investors have also bought and sold shares of the stock. LGT Financial Advisors LLC purchased a new stake in Mastercard in the second quarter worth $25,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Mastercard in the 2nd quarter valued at about $26,000. Flaharty Asset Management LLC purchased a new position in shares of Mastercard in the first quarter worth $27,000. Evolution Wealth Management Inc. purchased a new stake in shares of Mastercard during the second quarter worth about $29,000. Finally, Keystone Global Partners LLC bought a new position in Mastercard in the 1st quarter worth $31,000. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MA. Citigroup raised Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $713.00 target price on shares of Mastercard in a research report on Thursday, October 30th. UBS Group boosted their price objective on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Evercore ISI set a $610.00 price target on Mastercard in a report on Friday. Finally, Compass Point set a $620.00 price target on shares of Mastercard and gave the company a “neutral” rating in a report on Friday, October 31st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and an average target price of $654.81.

Get Our Latest Report on Mastercard

Mastercard Trading Up 1.4%

NYSE MA opened at $571.40 on Monday. The company has a market capitalization of $513.12 billion, a PE ratio of 36.53, a P/E/G ratio of 2.25 and a beta of 0.87. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a fifty day moving average of $554.16 and a 200 day moving average of $566.33. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12.

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

Mastercard Increases Dividend

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

Mastercard Company Profile

(Free Report)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.

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