The Manufacturers Life Insurance Company Has $426.26 Million Stock Position in Mastercard Incorporated $MA

The Manufacturers Life Insurance Company lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 17.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 758,559 shares of the credit services provider’s stock after purchasing an additional 111,314 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Mastercard worth $426,260,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of MA. Brighton Jones LLC increased its stake in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares during the period. National Pension Service increased its position in Mastercard by 3.6% during the 1st quarter. National Pension Service now owns 1,576,912 shares of the credit services provider’s stock valued at $864,337,000 after purchasing an additional 54,602 shares during the period. S Bank Fund Management Ltd acquired a new stake in Mastercard during the 1st quarter valued at approximately $7,016,000. Caitong International Asset Management Co. Ltd bought a new position in Mastercard during the 1st quarter worth approximately $505,000. Finally, Triglav Skladi D.O.O. lifted its position in shares of Mastercard by 9.2% in the 1st quarter. Triglav Skladi D.O.O. now owns 43,358 shares of the credit services provider’s stock worth $23,763,000 after purchasing an additional 3,639 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MA has been the subject of several recent analyst reports. KeyCorp reiterated an “overweight” rating and set a $665.00 price objective on shares of Mastercard in a research report on Wednesday, October 22nd. UBS Group increased their price target on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Tigress Financial boosted their price objective on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 6th. Morgan Stanley set a $665.00 target price on Mastercard and gave the company an “overweight” rating in a research report on Friday, October 31st. Finally, Citigroup upgraded Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $652.50.

Mastercard Stock Performance

Shares of Mastercard stock opened at $539.21 on Thursday. The business has a 50-day simple moving average of $554.63 and a 200 day simple moving average of $566.41. The firm has a market capitalization of $484.21 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 2.11 and a beta of 0.87. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The firm had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. During the same quarter in the previous year, the company posted $3.89 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be issued a dividend of $0.87 per share. The ex-dividend date is Friday, January 9th. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio is currently 19.44%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.