Capital International Ltd. CA Sells 6,133 Shares of Mastercard Incorporated $MA

Capital International Ltd. CA lowered its holdings in Mastercard Incorporated (NYSE:MA) by 12.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 41,635 shares of the credit services provider’s stock after selling 6,133 shares during the quarter. Capital International Ltd. CA’s holdings in Mastercard were worth $23,682,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MA. Evolution Wealth Management Inc. bought a new stake in Mastercard during the second quarter worth about $29,000. Robbins Farley increased its stake in Mastercard by 50.0% during the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 18 shares in the last quarter. Foster Dykema Cabot & Partners LLC increased its holdings 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 worth $32,000 after buying an additional 40 shares in the last quarter. Tacita Capital Inc raised its stake in Mastercard by 50.0% during the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after buying an additional 19 shares during the last quarter. Finally, Sagard Holdings Management Inc. bought a new stake in shares of Mastercard during the 2nd quarter valued at about $37,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MA shares. HSBC raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Bank of America initiated coverage on shares of Mastercard in a research note on Thursday, March 5th. They set a “buy” rating and a $700.00 price target on the stock. Cantor Fitzgerald upgraded shares of Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. JPMorgan Chase & Co. decreased their price target 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. Finally, TD Cowen boosted their price objective on shares of Mastercard from $668.00 to $671.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $670.61.

Mastercard Stock Down 0.9%

Shares of MA stock opened at $517.69 on Tuesday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The stock has a market cap of $461.68 billion, a P/E ratio of 31.34, a P/E/G ratio of 1.69 and a beta of 0.83. The stock has a 50 day moving average of $538.29 and a 200 day moving average of $556.61. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The business had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter last year, the company earned $3.82 EPS. The business’s revenue was up 17.5% on a year-over-year basis. As a group, sell-side analysts expect 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 given a dividend of $0.87 per share. The ex-dividend date is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is 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.