Capital Research Global Investors Purchases 629,941 Shares of Mastercard Incorporated $MA

Capital Research Global Investors lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 10,347,834 shares of the credit services provider’s stock after acquiring an additional 629,941 shares during the period. Mastercard makes up about 1.1% of Capital Research Global Investors’ investment portfolio, making the stock its 19th biggest position. Capital Research Global Investors owned 1.15% of Mastercard worth $5,885,944,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Evolution Wealth Management Inc. acquired a new position in Mastercard during the second quarter worth $29,000. Robbins Farley grew its holdings in shares of Mastercard by 50.0% in the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 18 shares during the last quarter. Tacita Capital Inc increased its position in shares of Mastercard by 50.0% during the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 19 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its holdings in Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Finally, Sagard Holdings Management Inc. acquired a new position in Mastercard in the second quarter valued at about $37,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Mastercard stock opened at $517.69 on Tuesday. The business’s 50-day simple moving average is $538.29 and its 200 day simple moving average is $556.61. 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 stock has a market cap of $461.68 billion, a price-to-earnings ratio of 31.34, a P/E/G ratio of 1.69 and a beta of 0.83. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, beating 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 company had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the company posted $3.82 EPS. The company’s revenue was up 17.5% compared to the same quarter last year. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be paid a $0.87 dividend. The ex-dividend date of this dividend 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 is 21.07%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MA. Raymond James Financial cut their target price on shares of Mastercard from $707.00 to $631.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Bank of America started coverage on Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 price objective on the stock. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a research note on Friday, February 6th. Macquarie Infrastructure upped their price target on shares of Mastercard from $660.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Finally, Evercore set a $610.00 price objective on shares of Mastercard in a research report on Friday, December 12th. Six research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus target price of $670.61.

About Mastercard

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.