Dunhill Financial LLC Cuts Stake in Mastercard Incorporated $MA

Dunhill Financial LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 31.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,698 shares of the credit services provider’s stock after selling 1,693 shares during the quarter. Mastercard accounts for 0.5% of Dunhill Financial LLC’s investment portfolio, making the stock its 26th largest position. Dunhill Financial LLC’s holdings in Mastercard were worth $2,103,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Mastercard by 1.2% in the third quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock valued at $45,181,341,000 after acquiring an additional 955,533 shares in the last quarter. Geode Capital Management LLC increased its holdings in Mastercard by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock worth $11,062,509,000 after purchasing an additional 542,841 shares during the period. Laurel Wealth Advisors LLC raised its position in Mastercard by 55,868.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 13,421,148 shares of the credit services provider’s stock valued at $7,541,880,000 after purchasing an additional 13,397,168 shares in the last quarter. Norges Bank acquired a new stake in Mastercard in the 2nd quarter valued at about $6,725,317,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Mastercard by 25.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,372,404 shares of the credit services provider’s stock valued at $3,580,909,000 after buying an additional 1,299,977 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MA. Daiwa Securities Group set a $610.00 target price on shares of Mastercard and gave the company an “outperform” rating in a report on Monday, February 2nd. The Goldman Sachs Group restated a “buy” rating and issued a $739.00 price objective on shares of Mastercard in a report on Thursday, January 29th. JPMorgan Chase & Co. lowered their target price on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating for the company in a research note on Friday, January 30th. UBS Group raised their price target on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Wells Fargo & Company lifted their price target on Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Six research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $669.27.

Mastercard Trading Up 0.2%

NYSE:MA opened at $515.92 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $460.11 billion, a PE ratio of 31.23, a P/E/G ratio of 1.66 and a beta of 0.83. The stock’s 50 day moving average price is $545.00 and its 200 day moving average price is $559.56. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. The business had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.82 EPS. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm 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. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s dividend payout ratio is presently 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.