Vanguard Personalized Indexing Management LLC Has $76.03 Million Holdings in Mastercard Incorporated $MA

Vanguard Personalized Indexing Management LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 133,585 shares of the credit services provider’s stock after purchasing an additional 3,095 shares during the quarter. Mastercard comprises about 0.8% of Vanguard Personalized Indexing Management LLC’s investment portfolio, making the stock its 16th largest position. Vanguard Personalized Indexing Management LLC’s holdings in Mastercard were worth $76,027,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MA. Pinion Investment Advisors LLC raised its stake in shares of Mastercard by 0.8% in the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after acquiring an additional 18 shares during the last quarter. KRS Capital Management LLC raised its position in Mastercard by 0.6% in the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after purchasing an additional 18 shares during the last quarter. Nvest Financial LLC lifted its holdings in Mastercard by 1.2% during the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock worth $846,000 after buying an additional 18 shares in the last quarter. Washington Trust Advisors Inc. boosted its position in Mastercard by 5.6% in the 2nd quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock valued at $191,000 after buying an additional 18 shares during the last quarter. Finally, Rialto Wealth Management LLC increased its stake in shares of Mastercard by 13.0% in the 2nd quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock valued at $88,000 after buying an additional 18 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 1.5%

MA opened at $524.67 on Monday. The stock has a market capitalization of $471.15 billion, a P/E ratio of 33.55, a P/E/G ratio of 1.78 and a beta of 0.86. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm’s fifty day simple moving average is $554.82 and its 200 day simple moving average is $565.36.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same period in the previous year, the company posted $3.89 earnings per share. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Friday, January 9th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, January 9th. Mastercard’s dividend payout ratio is 22.25%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Macquarie upped their price target on Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. KeyCorp reissued an “overweight” rating and set a $665.00 price target on shares of Mastercard in a research note on Wednesday, October 22nd. Morgan Stanley set a $665.00 price objective on shares of Mastercard and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, Hsbc Global Res raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Four analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $661.24.

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.