Glenview Trust co Has $96.50 Million Stock Position in Mastercard Incorporated $MA

Glenview Trust co increased its position in shares of Mastercard Incorporated (NYSE:MA) by 1.1% during the second quarter, Holdings Channel reports. The fund owned 171,719 shares of the credit services provider’s stock after acquiring an additional 1,917 shares during the quarter. Mastercard makes up 1.7% of Glenview Trust co’s holdings, making the stock its 16th largest holding. Glenview Trust co’s holdings in Mastercard were worth $96,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LGT Financial Advisors LLC acquired a new stake in Mastercard during the 2nd quarter valued at $25,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Mastercard in the second quarter worth $26,000. Flaharty Asset Management LLC purchased a new position in shares of Mastercard during the first quarter valued at $27,000. Keystone Global Partners LLC acquired a new position in Mastercard during the first quarter valued at $31,000. Finally, IMG Wealth Management Inc. acquired a new position in Mastercard during the second quarter valued at $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 0.3%

Shares of MA stock opened at $539.21 on Thursday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a fifty day moving average price of $554.63 and a 200 day moving average price of $566.41. The stock has a market cap of $484.21 billion, a P/E ratio of 34.48, a price-to-earnings-growth ratio of 2.11 and a beta of 0.87.

Mastercard (NYSE:MA) last released its quarterly earnings data 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 return on equity of 202.03% and a net margin of 45.28%.The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same period in the prior year, the company posted $3.89 EPS. The company’s revenue was up 16.7% compared to the same quarter last year. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Increases Dividend

The firm also recently declared 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 a positive change from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, January 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MA. Morgan Stanley set a $665.00 target price on Mastercard and gave the company an “overweight” rating in a research note on Friday, October 31st. Robert W. Baird raised their price target on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. UBS Group upped their price objective on shares of Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada boosted their price target on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. Five analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $652.50.

Mastercard 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.