Stokes Capital Advisors LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 0.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,637 shares of the credit services provider’s stock after selling 30 shares during the period. Mastercard makes up about 2.0% of Stokes Capital Advisors LLC’s holdings, making the stock its 21st largest position. Stokes Capital Advisors LLC’s holdings in Mastercard were worth $7,707,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Temasek Holdings Private Ltd increased its holdings in Mastercard by 2.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock valued at $1,385,383,000 after acquiring an additional 62,891 shares in the last quarter. Nordea Investment Management AB lifted its stake in Mastercard by 15.6% in the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock valued at $1,325,353,000 after buying an additional 337,905 shares in the last quarter. Cardano Risk Management B.V. grew its holdings in Mastercard by 2.7% during the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock valued at $194,141,000 after buying an additional 9,611 shares during the last quarter. Sarasin & Partners LLP increased its position in Mastercard by 4.7% during the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after purchasing an additional 37,486 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Mastercard by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after purchasing an additional 100,550 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently issued reports on MA. UBS Group upped their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Jefferies Financial Group increased their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Seaport Res Ptn downgraded shares of Mastercard from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Monday, November 25th. Finally, Macquarie lifted their price target on shares of Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $566.63.
Mastercard Stock Performance
Shares of MA stock opened at $525.22 on Monday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The company’s fifty day moving average price is $524.28 and its two-hundred day moving average price is $494.59. The firm has a market capitalization of $482.06 billion, a P/E ratio of 39.73, a P/E/G ratio of 2.00 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $427.45 and a 12 month high of $537.70.
Mastercard (NYSE:MA – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.39 EPS. On average, research analysts anticipate that Mastercard Incorporated will post 14.46 earnings per share for the current fiscal year.
Mastercard Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a $0.76 dividend. This is an increase from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Friday, January 10th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.
Mastercard announced that its board has initiated a share repurchase plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
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.
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