Mastercard Incorporated $MA Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 10.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,578 shares of the credit services provider’s stock after buying an additional 9,234 shares during the quarter. Mastercard accounts for approximately 0.9% of Elo Mutual Pension Insurance Co’s investment portfolio, making the stock its 18th largest position. Elo Mutual Pension Insurance Co’s holdings in Mastercard were worth $53,228,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. Vanguard Group Inc. lifted its stake in Mastercard by 1.2% during the third quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock valued at $45,181,341,000 after purchasing an additional 955,533 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Mastercard by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock valued at $11,062,509,000 after acquiring an additional 542,841 shares during the last quarter. Laurel Wealth Advisors LLC boosted its stake in shares of Mastercard by 55,868.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 13,421,148 shares of the credit services provider’s stock worth $7,541,880,000 after acquiring an additional 13,397,168 shares in the last quarter. Norges Bank acquired a new position in shares of Mastercard in the 2nd quarter worth $6,725,317,000. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Mastercard by 25.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,372,404 shares of the credit services provider’s stock worth $3,580,909,000 after purchasing an additional 1,299,977 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Dbs Bank raised Mastercard to a “moderate buy” rating in a research note on Friday, February 6th. Tigress Financial lifted their target price 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. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research report on Thursday, January 22nd. Wells Fargo & Company raised their price objective on shares of Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Finally, Macquarie Infrastructure boosted their target price on shares of Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Six research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $669.27.

Mastercard Stock Up 0.2%

MA stock opened at $515.92 on Monday. The company has a 50 day moving average of $545.00 and a two-hundred day moving average of $559.33. The company has a market cap of $460.11 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 1.67 and a beta of 0.83. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36.

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

Mastercard Dividend Announcement

The company 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 of this dividend is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is 21.07%.

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.