Mastercard Incorporated (NYSE:MA) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,206 shares of the credit services provider’s stock after selling 64 shares during the period. Parkside Financial Bank & Trust’s holdings in Mastercard were worth $2,741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of MA. Hilltop Partners LLC grew its stake in Mastercard by 12.2% during the 4th quarter. Hilltop Partners LLC now owns 4,281 shares of the credit services provider’s stock valued at $2,254,000 after acquiring an additional 466 shares in the last quarter. Sentinel Trust Co. LBA purchased a new stake in Mastercard during the 4th quarter valued at about $395,000. Verus Capital Partners LLC grew its stake in Mastercard by 11.5% during the 4th quarter. Verus Capital Partners LLC now owns 1,325 shares of the credit services provider’s stock valued at $698,000 after acquiring an additional 137 shares in the last quarter. Prosperitas Financial LLC grew its stake in Mastercard by 5.3% during the 4th quarter. Prosperitas Financial LLC now owns 5,775 shares of the credit services provider’s stock valued at $3,041,000 after acquiring an additional 289 shares in the last quarter. Finally, Linscomb Wealth Inc. grew its stake in Mastercard by 2.4% during the 4th quarter. Linscomb Wealth Inc. now owns 16,868 shares of the credit services provider’s stock valued at $8,882,000 after acquiring an additional 398 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Morgan Stanley dropped their price target on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. TD Cowen increased their price target on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Mizuho increased their price target on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, DZ Bank raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price target for the company in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Price Performance

Mastercard stock opened at $564.91 on Friday. The firm has a market cap of $515.03 billion, a PE ratio of 40.67, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $576.94. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The company’s 50 day moving average is $541.87 and its two-hundred day moving average is $516.37.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has authorized a share buyback plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s payout ratio is 21.89%.

Mastercard Company Profile

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.