Triasima Portfolio Management inc. Has $1.40 Million Stock Holdings in Mastercard Incorporated $MA

Triasima Portfolio Management inc. raised its position in Mastercard Incorporated (NYSE:MA) by 206.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,460 shares of the credit services provider’s stock after buying an additional 1,657 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Mastercard were worth $1,399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. LGT Financial Advisors LLC bought a new stake in Mastercard during the 2nd quarter worth approximately $25,000. Evolution Wealth Management Inc. bought a new stake in Mastercard in the second quarter worth about $29,000. Robbins Farley increased its stake in shares of Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 18 shares in the last quarter. IMG Wealth Management Inc. purchased a new position in shares of Mastercard in the second quarter valued at $31,000. Finally, True Wealth Design LLC grew its holdings in shares of Mastercard by 45.2% during the second quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 19 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MA shares. Citigroup raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Morgan Stanley set a $665.00 target price on shares of Mastercard and gave the company an “overweight” rating in a research report on Friday, October 31st. Royal Bank Of Canada increased their price objective on shares of Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Evercore ISI set a $610.00 price objective on shares of Mastercard in a research report on Friday, December 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $713.00 target price on shares of Mastercard in a report on Thursday, October 30th. Five analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $662.08.

Mastercard Stock Performance

NYSE:MA opened at $533.88 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40. The company’s 50-day moving average price is $556.89 and its 200-day moving average price is $566.36. The company has a market cap of $479.42 billion, a P/E ratio of 34.14, a P/E/G ratio of 1.83 and a beta of 0.86. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77.

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

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be issued a dividend of $0.87 per share. This is an increase from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, January 9th. Mastercard’s payout ratio is presently 22.25%.

Mastercard 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.