Capital International Investors Has $9.79 Billion Stock Holdings in Mastercard Incorporated $MA

Capital International Investors lowered its stake in Mastercard Incorporated (NYSE:MA) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,205,074 shares of the credit services provider’s stock after selling 226,442 shares during the quarter. Mastercard makes up approximately 1.6% of Capital International Investors’ investment portfolio, making the stock its 11th largest position. Capital International Investors owned approximately 1.92% of Mastercard worth $9,786,348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Evolution Wealth Management Inc. bought a new position in Mastercard in the second quarter valued at approximately $29,000. Robbins Farley raised its stake in shares of Mastercard by 50.0% during the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 18 shares in the last quarter. Foster Dykema Cabot & Partners LLC boosted its holdings in shares of Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after buying an additional 40 shares during the last quarter. Tacita Capital Inc boosted its holdings in shares of Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after buying an additional 19 shares during the last quarter. Finally, Sagard Holdings Management Inc. bought a new position in shares of Mastercard in the second quarter valued at $37,000. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several analyst reports. Bank of America initiated coverage on shares of Mastercard in a research report on Thursday, March 5th. They set a “buy” rating and a $700.00 price target on the stock. HSBC raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a report on Thursday, January 22nd. Evercore set a $610.00 target price on shares of Mastercard in a research note on Friday, December 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $739.00 price target on shares of Mastercard in a report on Thursday, January 29th. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $670.61.

Mastercard Trading Down 0.9%

MA stock opened at $517.69 on Tuesday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The stock has a market cap of $461.68 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 1.69 and a beta of 0.83. The company has a fifty day moving average price of $538.29 and a two-hundred day moving average price of $556.61. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter last year, the company posted $3.82 EPS. Mastercard’s quarterly revenue was up 17.5% compared to the same quarter last year. Equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, April 9th. Mastercard’s payout ratio is currently 21.07%.

Mastercard Company 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.