Clal Insurance Enterprises Holdings Ltd Trims Position in Mastercard Incorporated $MA

Clal Insurance Enterprises Holdings Ltd decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 18.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,017 shares of the credit services provider’s stock after selling 25,002 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Mastercard were worth $63,716,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Rialto Wealth Management LLC increased its holdings in Mastercard by 13.0% during the 2nd quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock worth $88,000 after purchasing an additional 18 shares during the period. Robbins Farley lifted its holdings in shares of Mastercard by 50.0% in the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after buying an additional 18 shares during the period. Brady Martz Wealth Solutions LLC lifted its holdings in shares of Mastercard by 2.2% in the 3rd quarter. Brady Martz Wealth Solutions LLC now owns 841 shares of the credit services provider’s stock worth $479,000 after buying an additional 18 shares during the period. Alpine Bank Wealth Management grew its position in shares of Mastercard by 1.0% during the 3rd quarter. Alpine Bank Wealth Management now owns 1,817 shares of the credit services provider’s stock worth $1,034,000 after buying an additional 18 shares in the last quarter. Finally, Zullo Investment Group Inc. increased its stake in shares of Mastercard by 1.7% during the third quarter. Zullo Investment Group Inc. now owns 1,091 shares of the credit services provider’s stock valued at $621,000 after buying an additional 18 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on MA shares. Rothschild & Co Redburn set a $685.00 price objective on shares of Mastercard in a research note on Wednesday, January 28th. Daiwa Securities Group set a $610.00 price target on shares of Mastercard and gave the company an “outperform” rating in a report on Monday, February 2nd. Tigress Financial upped their price target on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $656.00 price objective on shares of Mastercard in a research note on Friday, January 30th. Finally, TD Cowen boosted their price objective on shares of Mastercard from $668.00 to $671.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Six analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $669.27.

Mastercard Stock Performance

Shares of MA stock opened at $515.92 on Friday. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The business’s fifty day simple moving average is $545.00 and its 200-day simple moving average is $559.56. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. The company has a market cap of $460.11 billion, a PE ratio of 31.23, a PEG ratio of 1.66 and a beta of 0.83.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The firm had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter last year, the firm earned $3.82 EPS. The business’s quarterly revenue was up 17.5% on a year-over-year basis. Analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be paid a dividend of $0.87 per share. The ex-dividend date is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard’s payout ratio is presently 21.07%.

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.