Curi Capital LLC Purchases 8,179 Shares of Mastercard Incorporated $MA

Curi Capital LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 28.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,200 shares of the credit services provider’s stock after buying an additional 8,179 shares during the period. Curi Capital LLC’s holdings in Mastercard were worth $20,904,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC purchased a new position in Mastercard during the 2nd quarter valued at about $11,421,213,000. Laurel Wealth Advisors LLC lifted its position in shares of Mastercard by 55,868.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 13,421,148 shares of the credit services provider’s stock worth $7,541,880,000 after purchasing an additional 13,397,168 shares during the period. Norges Bank bought a new position in shares of Mastercard during the second quarter valued at approximately $6,725,317,000. Wellington Management Group LLP increased its holdings in Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after buying an additional 3,765,378 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake 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 worth $3,580,909,000 after buying an additional 1,299,977 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Up 1.4%

Mastercard stock opened at $571.40 on Friday. The stock has a 50-day moving average of $554.16 and a two-hundred day moving average of $566.44. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.12 and a current ratio of 1.12. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The stock has a market cap of $513.11 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.31 by $0.07. The firm had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.53 billion. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.89 earnings per share. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Friday, January 9th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, January 9th. This is a positive change from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio (DPR) is currently 22.25%.

Analyst Ratings Changes

MA has been the topic of several recent research reports. Royal Bank Of Canada increased their target price on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Morgan Stanley set a $665.00 price objective on Mastercard and gave the company an “overweight” rating in a research report on Friday, October 31st. Robert W. Baird lifted their target price on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Macquarie increased their price target on shares of Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Compass Point set a $620.00 price target on shares of Mastercard and gave the company a “neutral” rating in a report on Friday, October 31st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $654.81.

Mastercard 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.