Capital International Investors Has $9.79 Billion Stock Holdings in Mastercard Incorporated $MA

Capital International Investors lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 1.3% in the third quarter, Holdings Channel reports. The institutional investor owned 17,205,074 shares of the credit services provider’s stock after selling 226,442 shares during the period. Mastercard makes up about 1.6% of Capital International Investors’ portfolio, making the stock its 11th largest position. Capital International Investors’ holdings in Mastercard were worth $9,786,348,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Brighton Jones LLC raised its position in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares in the last quarter. Schnieders Capital Management LLC. grew its position in Mastercard by 8.5% during the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after buying an additional 200 shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its stake in Mastercard by 46.0% during the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 667 shares of the credit services provider’s stock worth $375,000 after acquiring an additional 210 shares during the period. Midwest Trust Co bought a new position in Mastercard during the 2nd quarter worth $6,212,000. Finally, Zions Bancorporation National Association UT raised its holdings in Mastercard by 7.2% in the 2nd quarter. Zions Bancorporation National Association UT now owns 3,179 shares of the credit services provider’s stock valued at $1,786,000 after acquiring an additional 213 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MA shares. TD Cowen upped their target price on Mastercard from $668.00 to $671.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Morgan Stanley boosted their price target on Mastercard from $665.00 to $678.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Wells Fargo & Company upped their price objective on shares of Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. reduced their price objective on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. Finally, Cantor Fitzgerald raised shares of Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. Six research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $670.61.

Mastercard Trading Down 0.9%

Shares of MA stock opened at $517.69 on Tuesday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The stock’s fifty day moving average price is $538.29 and its two-hundred day moving average price is $556.61. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $461.68 billion, a PE ratio of 31.34, a P/E/G ratio of 1.69 and a beta of 0.83.

Mastercard (NYSE:MA) last posted its quarterly earnings results 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. The company had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.Mastercard’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.82 EPS. Equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis 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.