Mattern Capital Management LLC Has $7.11 Million Stock Holdings in Mastercard Incorporated $MA

Mattern Capital Management LLC raised its position in Mastercard Incorporated (NYSE:MA) by 35.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 12,502 shares of the credit services provider’s stock after buying an additional 3,243 shares during the period. Mattern Capital Management LLC’s holdings in Mastercard were worth $7,111,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in MA. Kingstone Capital Partners Texas LLC bought a new position in Mastercard in the second quarter valued at about $11,421,213,000. Laurel Wealth Advisors LLC raised its holdings in Mastercard by 55,868.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 13,421,148 shares of the credit services provider’s stock worth $7,541,880,000 after purchasing an additional 13,397,168 shares during the last quarter. Norges Bank acquired a new position in Mastercard during the 2nd quarter valued at about $6,725,317,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Mastercard by 25.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,372,404 shares of the credit services provider’s stock valued at $3,580,909,000 after purchasing an additional 1,299,977 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Mastercard by 1.2% in 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 purchasing an additional 931,132 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of recent research reports. Compass Point set a $620.00 price target on shares of Mastercard and gave the stock a “neutral” rating in a research note on Friday, October 31st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $713.00 price objective on shares of Mastercard in a research note on Thursday, October 30th. Citigroup raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Finally, Cowen restated a “buy” rating on shares of Mastercard in a research report on Friday, October 31st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $657.48.

Mastercard Stock Down 1.1%

Shares of Mastercard stock opened at $570.96 on Friday. The company has a market capitalization of $512.72 billion, a P/E ratio of 36.51, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50-day moving average of $555.91 and a two-hundred day moving average of $565.60. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (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 business had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same period in the previous year, the firm earned $3.89 EPS. Mastercard’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

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

Mastercard Company Profile

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.