WINTON GROUP Ltd Buys 11,600 Shares of Mastercard Incorporated $MA

WINTON GROUP Ltd boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 163.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,700 shares of the credit services provider’s stock after acquiring an additional 11,600 shares during the quarter. WINTON GROUP Ltd’s holdings in Mastercard were worth $10,637,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Evolution Wealth Management Inc. bought a new position in Mastercard during the 2nd quarter valued at about $29,000. Robbins Farley grew its stake in Mastercard by 50.0% during the third 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 last quarter. Foster Dykema Cabot & Partners LLC grew its stake in Mastercard by 250.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after buying an additional 40 shares during the last quarter. Tacita Capital Inc increased its holdings in shares of Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after buying an additional 19 shares in the last quarter. Finally, True Wealth Design LLC raised its stake in shares of Mastercard by 45.2% in the second quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 19 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.5%

Shares of MA opened at $521.82 on Monday. The business’s fifty day moving average price is $539.50 and its two-hundred day moving average price is $557.13. The firm has a market capitalization of $465.37 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 1.69 and a beta of 0.83. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA) last released its earnings results 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. The company had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.80 billion. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.82 earnings per share. On average, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be given 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 yield of 0.7%. Mastercard’s dividend payout ratio is presently 21.07%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MA shares. Bank of America started coverage on Mastercard in a report on Thursday. They issued a “buy” rating and a $700.00 target price on the stock. HSBC upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Evercore set a $610.00 target price on Mastercard in a report on Friday, December 12th. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Compass Point raised Mastercard from a “neutral” rating to a “buy” rating and lifted their price target for the company from $620.00 to $735.00 in a report on Tuesday, January 13th. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $670.61.

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.