NBW Capital LLC Increases Stock Holdings in Mastercard Incorporated $MA

NBW Capital LLC grew its position in Mastercard Incorporated (NYSE:MA) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,871 shares of the credit services provider’s stock after purchasing an additional 110 shares during the period. NBW Capital LLC’s holdings in Mastercard were worth $3,861,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Van Hulzen Asset Management LLC increased its position in Mastercard by 8.7% in the second quarter. Van Hulzen Asset Management LLC now owns 427 shares of the credit services provider’s stock worth $240,000 after buying an additional 34 shares during the last quarter. Global Frontier Investments LLC purchased a new position in shares of Mastercard in the second quarter valued at $38,212,000. Solidarity Wealth LLC raised its stake in shares of Mastercard by 43.1% during the 2nd quarter. Solidarity Wealth LLC now owns 24,135 shares of the credit services provider’s stock valued at $13,562,000 after purchasing an additional 7,264 shares during the period. Shelton Capital Management boosted its position in shares of Mastercard by 3.2% in the second quarter. Shelton Capital Management now owns 24,792 shares of the credit services provider’s stock valued at $13,932,000 after acquiring an additional 777 shares during the period. Finally, Panagora Asset Management Inc. grew its position in shares of Mastercard by 2.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 582,772 shares of the credit services provider’s stock valued at $327,483,000 after purchasing an additional 12,190 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $543.70 on Tuesday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The business has a fifty day moving average of $558.24 and a 200 day moving average of $567.93. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $488.24 billion, a P/E ratio of 36.66, a PEG ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating the consensus estimate of $4.31 by $0.07. The firm had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business’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 firm earned $3.89 EPS. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio is 19.44%.

Wall Street Analyst Weigh In

MA has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price objective on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Robert W. Baird lifted their target price on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Compass Point set a $620.00 target price on Mastercard and gave the company a “neutral” rating in a research note on Friday, October 31st. Tigress Financial lifted their target price on shares of Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a report on Thursday, November 6th. Finally, Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research note on Friday. Four 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 stock. According to MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average target price of $652.50.

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.