Mastercard Incorporated (NYSE:MA) Stock Holdings Lifted by Cardano Risk Management B.V.

Cardano Risk Management B.V. boosted its stake in Mastercard Incorporated (NYSE:MA) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 368,690 shares of the credit services provider’s stock after purchasing an additional 9,611 shares during the quarter. Mastercard comprises approximately 3.0% of Cardano Risk Management B.V.’s holdings, making the stock its 10th largest holding. Cardano Risk Management B.V.’s holdings in Mastercard were worth $194,141,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of MA. J.W. Cole Advisors Inc. lifted its stake in Mastercard by 25.7% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 4,678 shares of the credit services provider’s stock worth $2,064,000 after purchasing an additional 956 shares in the last quarter. Lyell Wealth Management LP boosted its stake in shares of Mastercard by 19.4% during the second quarter. Lyell Wealth Management LP now owns 13,749 shares of the credit services provider’s stock valued at $6,065,000 after purchasing an additional 2,235 shares in the last quarter. Diversify Wealth Management LLC bought a new position in shares of Mastercard during the second quarter valued at approximately $3,402,000. MayTech Global Investments LLC lifted its position in Mastercard by 1.9% during the second quarter. MayTech Global Investments LLC now owns 65,736 shares of the credit services provider’s stock valued at $29,000,000 after acquiring an additional 1,249 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in Mastercard during the second quarter valued at approximately $5,102,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.2 %

MA stock traded down $1.02 during trading on Monday, reaching $503.65. 1,280,005 shares of the stock were exchanged, compared to its average volume of 2,293,949. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The business has a 50 day moving average price of $524.09 and a 200-day moving average price of $492.31. Mastercard Incorporated has a 1 year low of $425.48 and a 1 year high of $537.70. The firm has a market capitalization of $462.27 billion, a price-to-earnings ratio of 38.10, a P/E/G ratio of 2.36 and a beta of 1.10.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The business 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 business’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.39 EPS. On average, research analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a $0.76 dividend. The ex-dividend date is Friday, January 10th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.60%. This is a boost from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s payout ratio is 23.00%.

Mastercard declared that its Board of Directors has authorized a share repurchase plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to buy 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.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Susquehanna raised their target price on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Bank of America raised their price target on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Keefe, Bruyette & Woods raised their price target on shares of Mastercard from $580.00 to $618.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Royal Bank of Canada restated an “outperform” rating and set a $572.00 price target on shares of Mastercard in a research report on Thursday, November 14th. Finally, Barclays raised their price target on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $566.13.

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.