Mastercard Incorporated $MA Stock Position Decreased by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC trimmed its stake in Mastercard Incorporated (NYSE:MA) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 137,227 shares of the credit services provider’s stock after selling 2,582 shares during the quarter. Mastercard accounts for 3.8% of Reynders McVeigh Capital Management LLC’s portfolio, making the stock its 4th biggest holding. Reynders McVeigh Capital Management LLC’s holdings in Mastercard were worth $77,113,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MA. Vanguard Group Inc. lifted its holdings in shares of Mastercard by 1.2% during the second quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock valued at $44,098,695,000 after purchasing an additional 931,132 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Mastercard during the 2nd quarter valued at $11,421,213,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after buying an additional 907,184 shares during the period. Geode Capital Management LLC boosted its stake in shares of Mastercard by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock worth $11,062,509,000 after buying an additional 542,841 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after acquiring an additional 3,765,378 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 1.4%

NYSE MA opened at $571.40 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40. The company’s 50-day moving average price is $554.16 and its 200-day moving average price is $566.33. The stock has a market cap of $513.12 billion, a PE ratio of 36.53, a PEG ratio of 2.25 and a beta of 0.87. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last posted its 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 company 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%. Mastercard’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.89 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. This is a boost from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s payout ratio is presently 19.44%.

Wall Street Analyst Weigh In

Several research firms have weighed in on MA. Macquarie increased their price target on shares of Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Compass Point set a $620.00 price objective on Mastercard and gave the company a “neutral” rating in a research report on Friday, October 31st. Robert W. Baird boosted their price objective on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Citigroup upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, Evercore ISI set a $610.00 price target on shares of Mastercard in a report on Friday. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average target price of $654.81.

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.