Mastercard Incorporated $MA Position Increased by Egerton Capital UK LLP

Egerton Capital UK LLP boosted its holdings in Mastercard Incorporated (NYSE:MA) by 9.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 460,155 shares of the credit services provider’s stock after buying an additional 40,109 shares during the quarter. Mastercard accounts for about 2.8% of Egerton Capital UK LLP’s investment portfolio, making the stock its 17th largest position. Egerton Capital UK LLP owned approximately 0.05% of Mastercard worth $261,741,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Huntington National Bank raised its holdings in Mastercard by 2.1% during the 3rd quarter. Huntington National Bank now owns 53,763 shares of the credit services provider’s stock worth $30,581,000 after buying an additional 1,128 shares during the period. Ninepoint Partners LP lifted its position in shares of Mastercard by 85.4% in the third quarter. Ninepoint Partners LP now owns 2,573 shares of the credit services provider’s stock worth $1,464,000 after purchasing an additional 1,185 shares in the last quarter. Caitlin John LLC acquired a new position in Mastercard in the 3rd quarter valued at approximately $160,000. Power Wealth Management LLC boosted its stake in shares of Mastercard by 173.5% during the 3rd quarter. Power Wealth Management LLC now owns 1,321 shares of the credit services provider’s stock valued at $751,000 after buying an additional 838 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in shares of Mastercard by 2.4% in the third quarter. Handelsbanken Fonder AB now owns 527,754 shares of the credit services provider’s stock worth $300,192,000 after acquiring an additional 12,436 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

NYSE:MA opened at $515.92 on Friday. The firm has a market capitalization of $460.11 billion, a PE ratio of 31.23, a PEG ratio of 1.66 and a beta of 0.83. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. 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 firm’s fifty day simple moving average is $545.00 and its 200 day simple moving average is $559.56.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. The company had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.82 earnings per share. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Dbs Bank raised Mastercard to a “moderate buy” rating in a research note on Friday, February 6th. Compass Point raised shares of Mastercard from a “neutral” rating to a “buy” rating and raised their price objective for the company from $620.00 to $735.00 in a research report on Tuesday, January 13th. Evercore set a $610.00 target price on shares of Mastercard in a research report on Friday, December 12th. The Goldman Sachs Group restated a “buy” rating and set a $739.00 price target on shares of Mastercard in a report on Thursday, January 29th. Finally, Tigress Financial lifted their price objective on shares of Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 6th. Six equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two 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 $669.27.

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.