16,995 Shares in Mastercard Incorporated $MA Bought by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH purchased a new stake in Mastercard Incorporated (NYSE:MA) during the second quarter, according to its most recent filing with the SEC. The fund purchased 16,995 shares of the credit services provider’s stock, valued at approximately $9,550,000. Mastercard comprises about 1.0% of MASTERINVEST Kapitalanlage GmbH’s portfolio, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Mastercard in the second quarter worth about $11,421,213,000. Laurel Wealth Advisors LLC grew its holdings in Mastercard by 55,868.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 13,421,148 shares of the credit services provider’s stock valued at $7,541,880,000 after buying an additional 13,397,168 shares in the last quarter. Norges Bank bought a new stake in Mastercard in the 2nd quarter worth approximately $6,725,317,000. Wellington Management Group LLP raised its holdings in shares of Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after acquiring an additional 3,765,378 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Mastercard by 25.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,372,404 shares of the credit services provider’s stock valued at $3,580,909,000 after acquiring an additional 1,299,977 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several research reports. UBS Group boosted their price target on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Hsbc Global Res upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Evercore ISI set a $610.00 price target on Mastercard in a research report on Friday. Finally, Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research note on Sunday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $654.81.

Mastercard Stock Performance

Mastercard stock opened at $571.40 on Friday. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $513.12 billion, a P/E ratio of 36.53, a price-to-earnings-growth ratio of 2.25 and a beta of 0.87. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company’s 50-day moving average is $554.16 and its 200 day moving average is $566.39.

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

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be paid a $0.87 dividend. The ex-dividend date is Friday, January 9th. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard’s payout ratio is 19.44%.

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.