Mn Services Vermogensbeheer B.V. Raises Holdings in Mastercard Incorporated $MA

Mn Services Vermogensbeheer B.V. lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 2.0% during the fourth quarter, Holdings Channel reports. The firm owned 315,374 shares of the credit services provider’s stock after acquiring an additional 6,182 shares during the quarter. Mastercard makes up about 1.1% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 13th largest holding. Mn Services Vermogensbeheer B.V.’s holdings in Mastercard were worth $180,041,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MA. Vanguard Group Inc. increased its position in Mastercard by 1.2% during the third quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock worth $45,181,341,000 after buying an additional 955,533 shares during the period. State Street Corp lifted its stake in Mastercard by 2.8% in the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after buying an additional 997,536 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Mastercard by 6.5% in the third quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock valued at $5,885,944,000 after acquiring an additional 629,941 shares during the period. Legal & General Group Plc boosted its holdings in shares of Mastercard by 4.2% in the third quarter. Legal & General Group Plc now owns 5,806,887 shares of the credit services provider’s stock valued at $3,303,015,000 after acquiring an additional 235,403 shares during the period. Finally, Invesco Ltd. grew its position in shares of Mastercard by 6.4% during the third quarter. Invesco Ltd. now owns 5,658,547 shares of the credit services provider’s stock worth $3,218,638,000 after acquiring an additional 339,137 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MA. Rothschild & Co Redburn set a $685.00 price target on shares of Mastercard in a research report on Wednesday, January 28th. Compass Point raised shares of Mastercard from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $620.00 to $735.00 in a research report on Tuesday, January 13th. Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a research note on Friday. Wells Fargo & Company increased their target price on shares of Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Finally, HSBC raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Six equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Mastercard has an average rating of “Buy” and an average price target of $667.88.

Mastercard Stock Performance

NYSE:MA opened at $492.79 on Tuesday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $439.47 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 1.56 and a beta of 0.83. The firm’s fifty day moving average price is $519.05 and its 200 day moving average price is $546.90. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77.

Mastercard (NYSE:MA) last announced 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 company had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the prior year, the firm earned $3.82 EPS. Mastercard’s quarterly revenue was up 17.5% on a year-over-year basis. On average, sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s dividend payout ratio is currently 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.