OLD National Bancorp IN Cuts Stock Position in Mastercard Incorporated $MA

OLD National Bancorp IN trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 5.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,845 shares of the credit services provider’s stock after selling 1,088 shares during the quarter. OLD National Bancorp IN’s holdings in Mastercard were worth $10,758,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MA. Robbins Farley increased its position in shares of Mastercard by 50.0% during the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 18 shares during the period. Foster Dykema Cabot & Partners LLC raised its stake in shares of Mastercard by 250.0% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 40 shares in the last quarter. Tacita Capital Inc boosted its holdings in Mastercard by 50.0% in the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 19 shares during the period. Dagco Inc. grew its stake in Mastercard by 200.0% during the 4th quarter. Dagco Inc. now owns 66 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 44 shares in the last quarter. Finally, Clayton Financial Group LLC grew its stake in Mastercard by 627.3% during the 4th quarter. Clayton Financial Group LLC now owns 80 shares of the credit services provider’s stock worth $46,000 after purchasing an additional 69 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of analyst reports. Daiwa Securities Group set a $610.00 price target on Mastercard and gave the company an “outperform” rating in a research report on Monday, February 2nd. Tigress Financial boosted their price objective on Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 13th. Citigroup cut their target price on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Bank of America assumed coverage on shares of Mastercard in a report on Thursday, March 5th. They issued a “buy” rating and a $700.00 target price on the stock. Finally, BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price target for the company in a report on Thursday, March 19th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $659.81.

Mastercard Trading Down 0.8%

Shares of Mastercard stock opened at $505.94 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. The company has a fifty day simple moving average of $508.40 and a 200-day simple moving average of $538.62. The stock has a market cap of $451.20 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 1.64 and a beta of 0.83. Mastercard Incorporated has a 12-month low of $480.50 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly 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. The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. Mastercard’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period last year, the business earned $3.82 EPS. On average, equities analysts forecast that Mastercard Incorporated will post 19.52 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

About Mastercard

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.