Mastercard Incorporated $MA is DNB Asset Management AS’s 7th Largest Position

DNB Asset Management AS boosted its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 41.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,261,054 shares of the credit services provider’s stock after purchasing an additional 369,149 shares during the period. Mastercard accounts for about 2.5% of DNB Asset Management AS’s investment portfolio, making the stock its 7th biggest holding. DNB Asset Management AS’s holdings in Mastercard were worth $719,911,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. raised its position in Mastercard by 20.0% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock worth $61,000 after buying an additional 18 shares during the last quarter. FAS Wealth Partners Inc. raised its position in Mastercard by 1.7% during the 3rd quarter. FAS Wealth Partners Inc. now owns 1,167 shares of the credit services provider’s stock worth $664,000 after buying an additional 19 shares during the last quarter. Matisse Capital raised its position in Mastercard by 1.4% during the 3rd quarter. Matisse Capital now owns 1,348 shares of the credit services provider’s stock worth $767,000 after buying an additional 19 shares during the last quarter. Millington Financial Advisors LLC raised its position in Mastercard by 5.2% during the 3rd quarter. Millington Financial Advisors LLC now owns 386 shares of the credit services provider’s stock worth $216,000 after buying an additional 19 shares during the last quarter. Finally, Tacita Capital Inc raised its position in 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 buying an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective for the company in a research report on Thursday, March 19th. TD Cowen restated a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Tigress Financial upped their price objective on shares of Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 13th. Finally, Raymond James Financial set a $609.00 price objective on shares of Mastercard in a research report on Friday, May 1st. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $656.00.

Check Out Our Latest Analysis on MA

Mastercard News Roundup

Here are the key news stories impacting Mastercard this week:

Mastercard Stock Performance

Shares of MA opened at $493.41 on Friday. The company has a market capitalization of $435.97 billion, a PE ratio of 28.55, a P/E/G ratio of 1.53 and a beta of 0.76. Mastercard Incorporated has a 52-week low of $480.50 and a 52-week high of $601.77. The company has a 50-day simple moving average of $503.29 and a 200-day simple moving average of $531.59. 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:MAGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. The firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm’s revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.73 EPS. Equities research analysts predict that Mastercard Incorporated will post 19.58 earnings per share for the current fiscal year.

About Mastercard

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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