Glenview Trust co Increases Stock Holdings in Mastercard Incorporated (NYSE:MA)

Glenview Trust co boosted its holdings in Mastercard Incorporated (NYSE:MA) by 0.8% during the 4th quarter, Holdings Channel reports. The firm owned 170,345 shares of the credit services provider’s stock after acquiring an additional 1,285 shares during the period. Mastercard makes up about 1.7% of Glenview Trust co’s investment portfolio, making the stock its 16th largest holding. Glenview Trust co’s holdings in Mastercard were worth $89,699,000 at the end of the most recent quarter.

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

Mastercard Price Performance

Shares of NYSE MA opened at $527.87 on Friday. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The firm has a market cap of $481.27 billion, a P/E ratio of 38.00, a PEG ratio of 2.37 and a beta of 1.10. The company has a 50 day moving average of $545.38 and a 200 day moving average 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 announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. As a group, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard announced that its board has approved a share repurchase program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Mastercard Announces Dividend

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

Wall Street Analysts Forecast Growth

MA has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Jefferies Financial Group raised their price objective on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Monday, December 9th. DZ Bank raised Mastercard from a “hold” rating to a “buy” rating and set a $620.00 price objective on the stock in a research note on Tuesday, February 4th. Barclays raised their target price on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Tigress Financial reissued a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Company 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.