Capital Group Private Client Services Inc. Trims Stock Holdings in Mastercard Incorporated $MA

Capital Group Private Client Services Inc. lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 76.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,720 shares of the credit services provider’s stock after selling 123,984 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Mastercard were worth $22,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vulcan Value Partners LLC raised its holdings in shares of Mastercard by 6.5% during the 3rd quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock worth $265,233,000 after acquiring an additional 28,331 shares in the last quarter. Nicholson Wealth Management Group LLC grew its holdings in shares of Mastercard by 153.6% in the third quarter. Nicholson Wealth Management Group LLC now owns 2,856 shares of the credit services provider’s stock valued at $1,625,000 after purchasing an additional 1,730 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in Mastercard by 1.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 309,192 shares of the credit services provider’s stock worth $175,872,000 after purchasing an additional 4,700 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. increased its position in Mastercard by 88.9% in the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock worth $8,723,000 after purchasing an additional 7,215 shares during the last quarter. Finally, Global X Japan Co. Ltd. raised its stake in Mastercard by 3,694.7% during the third quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock valued at $5,288,000 after purchasing an additional 9,052 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on MA shares. Rothschild & Co Redburn set a $685.00 price objective on shares of Mastercard in a research report on Wednesday, January 28th. Bank of America started coverage on shares of Mastercard in a report on Thursday, March 5th. They issued a “buy” rating and a $700.00 target price on the stock. TD Cowen upped their target price on shares of Mastercard from $668.00 to $671.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $656.00 price target on shares of Mastercard in a research report on Friday, January 30th. Finally, Morgan Stanley boosted their price objective on Mastercard from $665.00 to $678.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Six research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Mastercard presently has an average rating of “Buy” and an average price target of $670.61.

Mastercard Stock Performance

Shares of MA stock opened at $517.69 on Tuesday. The firm has a market cap of $461.68 billion, a price-to-earnings ratio of 31.34, 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 quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The company’s 50 day moving average is $538.29 and its 200 day moving average is $556.61.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, beating 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 company had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter last year, the company earned $3.82 earnings per share. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Mastercard 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.