Mastercard Incorporated $MA Shares Purchased by Nordwand Advisors LLC

Nordwand Advisors LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 270.6% in the 3rd quarter, Holdings Channel reports. The firm owned 1,397 shares of the credit services provider’s stock after purchasing an additional 1,020 shares during the quarter. Nordwand Advisors LLC’s holdings in Mastercard were worth $795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of MA. ORG Partners LLC grew its stake in shares of Mastercard by 73.2% in the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 295 shares in the last quarter. Curio Wealth LLC lifted its holdings in Mastercard by 22,400.0% in the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 224 shares during the period. Financiere des Professionnels Fonds d investissement inc. lifted its holdings in Mastercard by 88.9% in the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock worth $8,723,000 after purchasing an additional 7,215 shares during the period. Global X Japan Co. Ltd. increased its stake in Mastercard by 3,694.7% during the 3rd quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock valued at $5,288,000 after buying an additional 9,052 shares during the period. Finally, Vanguard Group Inc. increased its stake in Mastercard by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock valued at $44,098,695,000 after buying an additional 931,132 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Mastercard Price Performance

MA stock opened at $539.82 on Tuesday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The firm has a 50-day moving average of $556.89 and a two-hundred day moving average of $566.36. The firm has a market capitalization of $484.76 billion, a PE ratio of 34.52, a P/E/G ratio of 1.83 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 (NYSE:MA) last released its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The business had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.53 billion. During the same period last year, the firm posted $3.89 earnings per share. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, January 9th. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio is presently 22.25%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MA. Royal Bank Of Canada upped their price target on shares of Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Macquarie upped their target price on Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. KeyCorp reiterated an “overweight” rating and set a $665.00 price target on shares of Mastercard in a research report on Wednesday, October 22nd. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. Finally, Evercore ISI set a $610.00 target price on Mastercard in a research note on Friday, December 12th. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $662.08.

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.