SmartHarvest Portfolios LLC Sells 1,100 Shares of Mastercard Incorporated $MA

SmartHarvest Portfolios LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 30.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,566 shares of the credit services provider’s stock after selling 1,100 shares during the period. SmartHarvest Portfolios LLC’s holdings in Mastercard were worth $1,282,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. E Fund Management Hong Kong Co. Ltd. grew its stake in Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 41 shares in the last quarter. Strive Financial Group LLC bought a new stake in shares of Mastercard during the 4th quarter worth approximately $27,000. Hyposwiss Advisors SA acquired a new stake in shares of Mastercard in the 4th quarter valued at approximately $29,000. Foster Dykema Cabot & Partners LLC boosted its holdings in shares of Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after buying an additional 40 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC grew its stake in shares of Mastercard by 54.1% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after buying an additional 20 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Raymond James Financial set a $609.00 price target on shares of Mastercard in a research note on Friday, May 1st. Citigroup decreased their price objective on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Susquehanna lowered their price objective on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research note on Friday, May 1st. Finally, Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Six analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Mastercard currently has a consensus rating of “Buy” and an average price target of $656.08.

Mastercard Stock Down 1.1%

MA stock opened at $489.15 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The firm has a market capitalization of $432.21 billion, a PE ratio of 28.31, a PEG ratio of 1.54 and a beta of 0.74. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77. The business’s 50 day simple moving average is $497.40 and its 200 day simple moving average is $519.99.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter in the prior year, the business earned $3.73 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, research analysts anticipate that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be given a $0.87 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. Mastercard’s dividend payout ratio is presently 20.14%.

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.