Edge Capital Group LLC Sells 3,233 Shares of Mastercard Incorporated (NYSE:MA)

Edge Capital Group LLC reduced its holdings in Mastercard Incorporated (NYSE:MA) by 97.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70 shares of the credit services provider’s stock after selling 3,233 shares during the period. Edge Capital Group LLC’s holdings in Mastercard were worth $37,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MA. Highline Wealth Partners LLC bought a new position in Mastercard during the third quarter worth $25,000. Marshall Investment Management LLC bought a new stake in Mastercard in the 4th quarter valued at $30,000. First Personal Financial Services acquired a new stake in Mastercard in the 3rd quarter worth $39,000. FPC Investment Advisory Inc. increased its holdings in shares of Mastercard by 483.3% during the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 58 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in shares of Mastercard during the third quarter valued at about $54,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MA shares. KeyCorp lifted their target price on Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Piper Sandler reissued an “overweight” rating and set a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. TD Cowen upped their target price on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. raised their target price on Mastercard from $590.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Mastercard from $618.00 to $665.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Stock Performance

Shares of NYSE:MA opened at $558.44 on Tuesday. The business has a fifty day moving average of $539.55 and a 200-day moving average of $514.96. The firm has a market cap of $509.13 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $576.94.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, equities research 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 9th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio is 21.89%.

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

About Mastercard

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.