CX Institutional Has $5.07 Million Holdings in Mastercard Incorporated (NYSE:MA)

CX Institutional increased its position in shares of Mastercard Incorporated (NYSE:MA) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,633 shares of the credit services provider’s stock after buying an additional 592 shares during the period. CX Institutional’s holdings in Mastercard were worth $5,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd increased its holdings in shares of Mastercard by 2.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock worth $1,385,383,000 after acquiring an additional 62,891 shares during the last quarter. Nordea Investment Management AB boosted its position in Mastercard by 15.6% during the fourth quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock worth $1,325,353,000 after purchasing an additional 337,905 shares during the period. Cardano Risk Management B.V. increased its holdings in shares of Mastercard by 2.7% in the fourth quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock valued at $194,141,000 after purchasing an additional 9,611 shares during the last quarter. Sarasin & Partners LLP increased its holdings in shares of Mastercard by 4.7% in the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after purchasing an additional 37,486 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Mastercard by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock worth $2,474,151,000 after buying an additional 100,550 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MA shares. UBS Group upped their price objective on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Morgan Stanley lifted their price objective on shares of Mastercard from $564.00 to $654.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Barclays increased their target price on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $572.00 price target on shares of Mastercard in a research report on Thursday, November 14th. Finally, William Blair restated an “outperform” rating on shares of Mastercard in a research note on Monday, November 25th. Four investment 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’s stock. According to data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus target price of $567.29.

Mastercard Stock Up 0.1 %

Mastercard stock opened at $534.91 on Friday. The company has a market capitalization of $490.96 billion, a PE ratio of 40.46, a PEG ratio of 2.10 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $537.70. The firm’s fifty day moving average is $524.27 and its 200 day moving average is $496.23. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.39 EPS. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard declared that its board has authorized a share repurchase plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit services provider to purchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Mastercard Increases Dividend

The firm also recently announced 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. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, January 10th. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is currently 23.00%.

Mastercard Company 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.