Styrax Capital LP Has $128.97 Million Stake in Mastercard Incorporated $MA

Styrax Capital LP lessened its stake in Mastercard Incorporated (NYSE:MA) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 225,912 shares of the credit services provider’s stock after selling 16,458 shares during the period. Mastercard comprises about 9.9% of Styrax Capital LP’s holdings, making the stock its 4th largest holding. Styrax Capital LP’s holdings in Mastercard were worth $128,969,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. raised its position in Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 41 shares during the last quarter. Foster Dykema Cabot & Partners LLC raised its position in Mastercard by 250.0% during the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. Bay Harbor Wealth Management LLC raised its position in Mastercard by 54.1% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 20 shares during the last quarter. Birchbrook Inc. bought a new position in Mastercard during the 4th quarter valued at approximately $37,000. Finally, Tucker Asset Management LLC bought a new position in Mastercard during the 4th quarter valued at approximately $37,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 2.1%

MA stock opened at $501.00 on Wednesday. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The business’s 50 day moving average price is $499.39 and its two-hundred day moving average price is $522.78. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $442.67 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter in the prior year, the business earned $3.73 EPS. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, analysts forecast that Mastercard Incorporated will post 19.6 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be issued a dividend of $0.87 per share. The ex-dividend date is Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard’s dividend payout ratio is 20.14%.

Wall Street Analyst Weigh In

MA has been the subject of a number of recent analyst reports. Raymond James Financial set a $609.00 price target on Mastercard in a research report on Friday, May 1st. BMO Capital Markets initiated coverage on Mastercard in a research report on Tuesday, April 21st. They set an “outperform” rating and a $605.00 price target for the company. BNP Paribas Exane raised Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price target for the company in a research report on Thursday, March 19th. UBS Group lowered their price target on Mastercard from $650.00 to $640.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $679.00 price target on shares of Mastercard in a research report on Friday, May 1st. Six research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $656.04.

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.