Pragma Gestao DE Patrimonio Ltd. Acquires 2,300 Shares of Mastercard Incorporated $MA

Pragma Gestao DE Patrimonio Ltd. boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 24.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,900 shares of the credit services provider’s stock after buying an additional 2,300 shares during the quarter. Mastercard makes up approximately 2.9% of Pragma Gestao DE Patrimonio Ltd.’s investment portfolio, making the stock its 12th largest position. Pragma Gestao DE Patrimonio Ltd.’s holdings in Mastercard were worth $6,687,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MA. ORG Partners LLC grew its stake in shares of Mastercard by 73.2% in the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock valued at $394,000 after acquiring an additional 295 shares in the last quarter. Ethos Financial Group LLC boosted its holdings in Mastercard by 19.5% in the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock valued at $1,683,000 after purchasing an additional 518 shares during the period. Curio Wealth LLC boosted its holdings in Mastercard by 22,400.0% in the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock valued at $126,000 after purchasing an additional 224 shares during the period. Vanguard Group Inc. grew its position in shares of Mastercard by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock worth $44,098,695,000 after purchasing an additional 931,132 shares in the last quarter. Finally, Wheelhouse Advisory Group LLC increased its holdings in shares of Mastercard by 4.4% during the second quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after purchasing an additional 56 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on MA. Citigroup upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada lifted their price objective on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. Compass Point set a $620.00 target price on Mastercard and gave the stock a “neutral” rating in a report on Friday, October 31st. TD Cowen reaffirmed a “buy” rating and issued a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. Finally, Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $652.50.

Mastercard Price Performance

Mastercard stock opened at $545.57 on Wednesday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The stock has a market capitalization of $489.92 billion, a P/E ratio of 36.79, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The stock has a fifty day moving average of $557.76 and a 200-day moving average of $567.67.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The firm had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.89 earnings per share. On average, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio is currently 19.44%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.