Mastercard Incorporated $MA Shares Purchased by Swiss National Bank

Swiss National Bank raised its position in Mastercard Incorporated (NYSE:MA) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,468,100 shares of the credit services provider’s stock after purchasing an additional 2,800 shares during the quarter. Mastercard comprises 0.8% of Swiss National Bank’s investment portfolio, making the stock its 14th biggest position. Swiss National Bank owned 0.27% of Mastercard worth $1,403,880,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Mastercard by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock valued at $45,181,341,000 after buying an additional 955,533 shares during the period. Geode Capital Management LLC grew its position in Mastercard by 2.8% in the second quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock worth $11,062,509,000 after acquiring an additional 542,841 shares during the period. Laurel Wealth Advisors LLC grew its position in Mastercard by 55,868.1% in the second 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 during the period. Norges Bank acquired a new stake in Mastercard during the second quarter worth $6,725,317,000. Finally, Massachusetts Financial Services Co. MA raised its position in Mastercard by 25.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,372,404 shares of the credit services provider’s stock valued at $3,580,909,000 after purchasing an additional 1,299,977 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.5%

Shares of NYSE MA opened at $521.82 on Monday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month 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 stock has a fifty day simple moving average of $539.50 and a 200-day simple moving average of $557.13. The stock has a market capitalization of $465.37 billion, a PE ratio of 31.59, a PEG ratio of 1.69 and a beta of 0.83.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $8.80 billion. During the same quarter in the prior year, the company earned $3.82 EPS. Mastercard’s revenue was up 17.5% on a year-over-year basis. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current 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 given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s dividend payout ratio is currently 21.07%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MA. Rothschild & Co Redburn set a $685.00 price target on Mastercard in a research note on Wednesday, January 28th. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a report on Thursday, January 22nd. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a research report on Friday, February 6th. Truist Financial set a $611.00 target price on shares of Mastercard in a research note on Tuesday, February 10th. Finally, Macquarie Infrastructure lifted their price target on shares of Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Six equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Mastercard has an average rating of “Buy” and a consensus 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.