Pacer Advisors Inc. increased its position in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 15.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,478 shares of the credit services provider’s stock after purchasing an additional 10,325 shares during the period. Pacer Advisors Inc.’s holdings in Mastercard were worth $44,802,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. J. Stern & Co. LLP lifted its holdings in shares of Mastercard by 53,535.0% during the fourth quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock worth $41,444,231,000 after buying an additional 72,461,743 shares in the last quarter. Norges Bank acquired a new position in shares of Mastercard in the fourth quarter valued at about $6,705,708,000. Cardano Risk Management B.V. grew its stake in shares of Mastercard by 861.6% in the fourth quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider’s stock valued at $2,324,743,000 after acquiring an additional 3,648,748 shares in the last quarter. State Street Corp increased its position in Mastercard by 2.8% during the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after acquiring an additional 997,536 shares during the period. Finally, Cibc World Markets Corp acquired a new stake in Mastercard in the 4th quarter worth about $497,311,000. 97.28% of the stock is owned by institutional investors and hedge funds.
Mastercard Price Performance
MA stock opened at $490.73 on Friday. 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 Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77. The firm has a market cap of $433.60 billion, a P/E ratio of 28.40, a P/E/G ratio of 1.53 and a beta of 0.74. The company’s 50-day moving average price is $498.76 and its two-hundred day moving average price is $521.76.
Mastercard Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be paid a $0.87 dividend. The ex-dividend date is Thursday, July 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is presently 20.14%.
Analyst Ratings Changes
A number of research firms have issued reports on MA. Evercore reissued a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price target for the company in a research report on Thursday, March 19th. UBS Group cut their price target on Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Royal Bank Of Canada reduced their price target on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Finally, Weiss Ratings lowered Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Six investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and an average target price of $656.04.
Check Out Our Latest Stock Analysis on Mastercard
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.
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