Resona Asset Management Co. Ltd. Cuts Stake in Mastercard Incorporated $MA

Resona Asset Management Co. Ltd. lowered its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 271,732 shares of the credit services provider’s stock after selling 10,924 shares during the quarter. Mastercard makes up 0.7% of Resona Asset Management Co. Ltd.’s portfolio, making the stock its 18th biggest holding. Resona Asset Management Co. Ltd.’s holdings in Mastercard were worth $155,464,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after buying an additional 41 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its holdings in shares of Mastercard by 250.0% in the third 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 lifted its holdings in shares of Mastercard by 50.0% in the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after buying an additional 19 shares in the last quarter. Bay Harbor Wealth Management LLC lifted its holdings in shares of Mastercard by 54.1% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after buying an additional 20 shares in the last quarter. Finally, Birchbrook Inc. purchased a new position in shares of Mastercard in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE:MA opened at $505.39 on Tuesday. Mastercard Incorporated has a 52 week low of $480.50 and a 52 week high of $601.77. The stock has a market capitalization of $446.55 billion, a P/E ratio of 29.25, a PEG ratio of 1.54 and a beta of 0.76. The firm has a fifty day simple moving average of $502.92 and a two-hundred day simple moving average of $530.89. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same period last year, the company posted $3.73 EPS. The business’s revenue was up 15.8% on a year-over-year basis. On average, analysts expect that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MA. Loop Capital began coverage on Mastercard in a research report on Tuesday, March 31st. They set a “buy” rating and a $631.00 price objective for the company. The Goldman Sachs Group restated a “buy” rating and set a $739.00 price objective on shares of Mastercard in a research report on Thursday, January 29th. Macquarie Infrastructure raised their price objective on Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Wells Fargo & Company raised their price objective on Mastercard from $660.00 to $668.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Finally, BNP Paribas Exane raised Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective on the stock in a report on Thursday, March 19th. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $656.00.

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.