Glenview Trust co Has $89.70 Million Holdings in Mastercard Incorporated (NYSE:MA)

Glenview Trust co boosted its holdings in Mastercard Incorporated (NYSE:MA) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,345 shares of the credit services provider’s stock after buying an additional 1,285 shares during the quarter. Mastercard makes up 1.7% of Glenview Trust co’s holdings, making the stock its 16th biggest holding. Glenview Trust co’s holdings in Mastercard were worth $89,699,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MA. Swedbank AB boosted its stake in shares of Mastercard by 14.8% during the third quarter. Swedbank AB now owns 1,874,568 shares of the credit services provider’s stock valued at $925,662,000 after purchasing an additional 241,297 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Mastercard by 4.8% during the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after purchasing an additional 138,842 shares in the last quarter. KCM Investment Advisors LLC boosted its stake in shares of Mastercard by 0.7% during the third quarter. KCM Investment Advisors LLC now owns 3,826 shares of the credit services provider’s stock valued at $1,889,000 after purchasing an additional 26 shares in the last quarter. Coastline Trust Co boosted its stake in shares of Mastercard by 1.5% during the third quarter. Coastline Trust Co now owns 17,969 shares of the credit services provider’s stock valued at $8,873,000 after purchasing an additional 260 shares in the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of Mastercard during the third quarter valued at about $23,623,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MA has been the topic of a number of recent research reports. Seaport Res Ptn lowered Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Monness Crespi & Hardt upgraded Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price objective for the company in a research report on Friday, January 31st. Jefferies Financial Group raised their price objective on Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Macquarie raised their price objective on Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Susquehanna raised their price objective on Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $606.11.

Mastercard Trading Up 1.5 %

NYSE MA opened at $527.87 on Friday. The company has a market cap of $481.27 billion, a price-to-earnings ratio of 38.00, a P/E/G 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 $582.23. The business has a 50 day moving average price of $545.38 and a 200-day moving average price of $522.78. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.58%. Mastercard’s payout ratio is 21.89%.

Mastercard declared that its Board of Directors has initiated a stock buyback plan on Tuesday, December 17th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership 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.