Mastercard Incorporated $MA Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 18.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,024,254 shares of the credit services provider’s stock after buying an additional 159,608 shares during the period. Mastercard makes up about 0.8% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 15th biggest holding. Robeco Institutional Asset Management B.V. owned 0.11% of Mastercard worth $582,606,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MA. ORG Partners LLC lifted its position in shares of Mastercard by 73.2% during the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 295 shares in the last quarter. Curio Wealth LLC lifted its holdings in Mastercard by 22,400.0% in the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after buying an additional 224 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. lifted its holdings in Mastercard by 88.9% in the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock worth $8,723,000 after buying an additional 7,215 shares in the last quarter. Global X Japan Co. Ltd. boosted its position in Mastercard by 3,694.7% in the 3rd quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock valued at $5,288,000 after buying an additional 9,052 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Mastercard by 1.2% during the second quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock valued at $44,098,695,000 after acquiring an additional 931,132 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MA shares. Robert W. Baird raised their price objective on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Truist Financial reduced their target price on Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. The Goldman Sachs Group reissued a “buy” rating and set a $713.00 price target on shares of Mastercard in a research report on Thursday, October 30th. KeyCorp reaffirmed an “overweight” rating and issued a $665.00 price target on shares of Mastercard in a report on Wednesday, October 22nd. Finally, Citigroup raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $657.48.

Mastercard Stock Performance

Mastercard stock opened at $568.85 on Tuesday. The company has a market cap of $510.83 billion, a PE ratio of 36.37, a P/E/G ratio of 1.91 and a beta of 0.86. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a fifty day moving average price of $555.64 and a two-hundred day moving average price of $565.94. 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 (NYSE:MA) last posted its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The company had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.53 billion. During the same period last year, the firm posted $3.89 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. Research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Increases Dividend

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

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.