Temasek Holdings Private Ltd Buys 3,269 Shares of Mastercard Incorporated $MA

Temasek Holdings Private Ltd raised its stake in Mastercard Incorporated (NYSE:MA) by 0.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,756,079 shares of the credit services provider’s stock after acquiring an additional 3,269 shares during the quarter. Mastercard comprises approximately 5.9% of Temasek Holdings Private Ltd’s investment portfolio, making the stock its 3rd biggest holding. Temasek Holdings Private Ltd owned approximately 0.30% of Mastercard worth $1,548,751,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Pinion Investment Advisors LLC increased its holdings in shares of Mastercard by 0.8% in the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock valued at $1,276,000 after purchasing an additional 18 shares in the last quarter. KRS Capital Management LLC boosted its position in Mastercard by 0.6% in the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock valued at $1,601,000 after buying an additional 18 shares during the last quarter. Nvest Financial LLC increased its stake in shares of Mastercard by 1.2% in the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after buying an additional 18 shares during the period. Washington Trust Advisors Inc. raised its position in shares of Mastercard by 5.6% during the second quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock worth $191,000 after acquiring an additional 18 shares during the last quarter. Finally, Rialto Wealth Management LLC lifted its stake in shares of Mastercard by 13.0% during the second quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock valued at $88,000 after acquiring an additional 18 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Up 0.6%

MA stock opened at $545.48 on Monday. The company has a market cap of $489.84 billion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 2.14 and a beta of 0.87. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The business has a 50 day moving average price of $556.55 and a two-hundred day moving average price of $567.01. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The firm had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.89 earnings per share. Analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio is 19.44%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MA. Citigroup upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. Macquarie boosted their price target on shares of Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $713.00 target price on shares of Mastercard in a research note on Thursday, October 30th. Finally, Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday. Four analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $652.50.

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.