Fund Advisors of America Inc FL bought a new stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) in the 4th quarter, HoldingsChannel reports. The firm bought 1,660 shares of the credit services provider’s stock, valued at approximately $948,000.
A number of other large investors have also recently added to or reduced their stakes in the business. J. Stern & Co. LLP increased its holdings in shares of Mastercard by 53,535.0% in the fourth quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock valued at $41,444,231,000 after buying an additional 72,461,743 shares in the last quarter. Norges Bank bought a new stake in shares of Mastercard during the 4th quarter worth $6,705,708,000. Cardano Risk Management B.V. grew its holdings in shares of Mastercard by 861.6% in the 4th quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider’s stock worth $2,324,743,000 after acquiring an additional 3,648,748 shares during the last quarter. State Street Corp grew its holdings in shares of Mastercard by 2.8% in the 3rd 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 last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of Mastercard during the fourth quarter worth $497,311,000. 97.28% of the stock is currently owned by institutional investors.
Mastercard Stock Up 0.2%
MA stock opened at $490.73 on Friday. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The company has a market cap of $433.60 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 1.53 and a beta of 0.74. The company has a 50 day moving average of $498.76 and a two-hundred day moving average of $521.76.
Mastercard Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is presently 20.14%.
Analyst Upgrades and Downgrades
MA has been the subject of several analyst reports. Susquehanna reduced their target price on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a report on Friday, May 1st. Weiss Ratings cut Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Bank of America initiated coverage on shares of Mastercard in a research note on Thursday, March 5th. They set a “buy” rating and a $700.00 price objective for the company. Royal Bank Of Canada decreased their target price on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Finally, Loop Capital reissued a “buy” rating and issued a $631.00 target price on shares of Mastercard in a research report on Wednesday, June 3rd. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $656.04.
View Our Latest Research Report 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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