Unique Wealth LLC Sells 1,131 Shares of Mastercard Incorporated $MA

Unique Wealth LLC lowered its stake in Mastercard Incorporated (NYSE:MA) by 23.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,761 shares of the credit services provider’s stock after selling 1,131 shares during the period. Unique Wealth LLC’s holdings in Mastercard were worth $2,147,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vulcan Value Partners LLC raised its holdings in shares of Mastercard by 6.5% in the third quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock valued at $265,233,000 after purchasing an additional 28,331 shares during the last quarter. Nicholson Wealth Management Group LLC grew its position in Mastercard by 153.6% in the third quarter. Nicholson Wealth Management Group LLC now owns 2,856 shares of the credit services provider’s stock valued at $1,625,000 after purchasing an additional 1,730 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Mastercard by 1.5% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 309,192 shares of the credit services provider’s stock valued at $175,872,000 after buying an additional 4,700 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. lifted its position in Mastercard by 88.9% during the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock worth $8,723,000 after buying an additional 7,215 shares in the last quarter. Finally, Global X Japan Co. Ltd. lifted its position in Mastercard by 3,694.7% during the 3rd quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock worth $5,288,000 after buying an additional 9,052 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Tigress Financial raised their price objective on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a report on Friday, March 13th. Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Sunday, March 15th. Evercore restated a “negative” rating on shares of Mastercard in a research note on Tuesday. Truist Financial set a $611.00 price target on Mastercard in a research report on Tuesday, February 10th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $739.00 price objective on shares of Mastercard in a research note on Thursday, January 29th. Six research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus target price of $667.88.

Mastercard Price Performance

NYSE:MA opened at $491.79 on Friday. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The firm has a market capitalization of $438.58 billion, a price-to-earnings ratio of 29.77, a P/E/G ratio of 1.57 and a beta of 0.83. The stock’s 50 day moving average price is $526.63 and its two-hundred day moving average price is $551.97. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, topping the consensus estimate of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The company had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the previous year, the company posted $3.82 EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, April 9th. Mastercard’s payout ratio is currently 21.07%.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.