Rathbones Group PLC Has $303.97 Million Stake in Mastercard Incorporated $MA

Rathbones Group PLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 532,453 shares of the credit services provider’s stock after selling 6,777 shares during the quarter. Mastercard accounts for 0.9% of Rathbones Group PLC’s portfolio, making the stock its 22nd largest position. Rathbones Group PLC’s holdings in Mastercard were worth $303,967,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. acquired a new position in shares of Mastercard during the second quarter worth about $29,000. Robbins Farley raised its position in Mastercard by 50.0% in the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after buying an additional 18 shares during the last quarter. Tacita Capital Inc lifted its stake in Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 19 shares in the last quarter. Foster Dykema Cabot & Partners LLC lifted its stake in Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 40 shares in the last quarter. Finally, Sagard Holdings Management Inc. acquired a new position in Mastercard during the 2nd quarter worth approximately $37,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.0%

MA opened at $493.55 on Monday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The stock’s fifty day simple moving average is $516.31 and its 200 day simple moving average is $544.30. 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 market cap of $440.15 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 1.58 and a beta of 0.83.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The firm had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the business posted $3.82 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared 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. 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 21.07%.

Wall Street Analyst Weigh In

MA has been the topic of a number of recent research reports. BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective on the stock in a report on Thursday, March 19th. UBS Group decreased their target price on shares of Mastercard from $700.00 to $650.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Cantor Fitzgerald upgraded shares of Mastercard to a “strong-buy” rating in a research note on Tuesday, January 27th. Compass Point raised shares of Mastercard from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $620.00 to $735.00 in a research report on Tuesday, January 13th. Finally, Truist Financial set a $611.00 price objective on Mastercard in a report on Tuesday, February 10th. Six analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $664.40.

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.