Mn Services Vermogensbeheer B.V. Increases Stake in Mastercard Incorporated $MA

Mn Services Vermogensbeheer B.V. grew its holdings in Mastercard Incorporated (NYSE:MA) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 315,374 shares of the credit services provider’s stock after acquiring an additional 6,182 shares during the period. Mastercard comprises approximately 1.1% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 13th largest position. Mn Services Vermogensbeheer B.V.’s holdings in Mastercard were worth $180,041,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Evolution Wealth Management Inc. purchased a new position in Mastercard in the second quarter valued at $29,000. Robbins Farley increased its holdings in 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 during the period. Tacita Capital Inc increased its holdings in Mastercard by 50.0% during the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 19 shares during the period. Foster Dykema Cabot & Partners LLC raised its position in 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 purchasing an additional 40 shares in the last quarter. Finally, Sagard Holdings Management Inc. purchased a new position in shares of Mastercard in the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. BNP Paribas Exane raised Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective for the company in a research report on Thursday, March 19th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $656.00 price target on shares of Mastercard in a research note on Friday, January 30th. Compass Point upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $620.00 to $735.00 in a report on Tuesday, January 13th. Wolfe Research reissued an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. Finally, Daiwa Securities Group set a $610.00 price objective on shares of Mastercard and gave the company an “outperform” rating in a report on Monday, February 2nd. Six investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Mastercard presently has an average rating of “Buy” and an average target price of $667.88.

Mastercard Price Performance

Shares of NYSE MA opened at $492.79 on Tuesday. The stock’s 50-day simple moving average is $519.05 and its 200-day simple moving average is $546.90. The firm has a market capitalization of $439.47 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 1.56 and a beta of 0.83. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03.

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

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be issued a $0.87 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. Mastercard’s dividend payout ratio is presently 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.