Mastercard Incorporated $MA Stake Increased by New Millennium Group LLC

New Millennium Group LLC lifted its holdings in Mastercard Incorporated (NYSE:MA) by 28.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,663 shares of the credit services provider’s stock after buying an additional 1,023 shares during the period. Mastercard comprises approximately 1.2% of New Millennium Group LLC’s portfolio, making the stock its 23rd biggest position. New Millennium Group LLC’s holdings in Mastercard were worth $2,652,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Y.D. More Investments Ltd boosted its position in Mastercard by 0.4% during the 3rd quarter. Y.D. More Investments Ltd now owns 10,724 shares of the credit services provider’s stock worth $6,100,000 after acquiring an additional 39 shares during the period. Elefante Mark B lifted its position in shares of Mastercard by 9.1% in the third quarter. Elefante Mark B now owns 12,240 shares of the credit services provider’s stock worth $6,962,000 after purchasing an additional 1,016 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. boosted its holdings in shares of Mastercard by 1.6% during the third quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,511 shares of the credit services provider’s stock worth $859,000 after purchasing an additional 24 shares during the period. D Orazio & Associates Inc. boosted its holdings in shares of Mastercard by 3.8% during the third quarter. D Orazio & Associates Inc. now owns 1,756 shares of the credit services provider’s stock worth $999,000 after purchasing an additional 64 shares during the period. Finally, Beverly Hills Private Wealth LLC grew its position in Mastercard by 0.9% during the third quarter. Beverly Hills Private Wealth LLC now owns 4,188 shares of the credit services provider’s stock valued at $2,382,000 after purchasing an additional 39 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MA shares. Macquarie Infrastructure increased their target price on shares of Mastercard from $660.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. dropped their price target on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. Evercore set a $610.00 price objective on Mastercard in a research report on Friday, December 12th. Tigress Financial boosted their target price on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 6th. Finally, UBS Group upped their target price on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Six research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $669.27.

Mastercard Stock Down 1.5%

MA opened at $519.80 on Friday. The firm has a market cap of $466.78 billion, a P/E ratio of 31.46, a price-to-earnings-growth ratio of 1.70 and a beta of 0.83. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03. The business has a 50 day moving average price of $552.01 and a 200 day moving average price of $562.03. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The company had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter last year, the firm posted $3.82 earnings per share. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. Research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s dividend payout ratio (DPR) is currently 21.07%.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.