Puzo Michael J Has $15.18 Million Holdings in Mastercard Incorporated $MA

Puzo Michael J lessened its holdings in Mastercard Incorporated (NYSE:MA) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,686 shares of the credit services provider’s stock after selling 1,130 shares during the period. Mastercard makes up about 4.1% of Puzo Michael J’s investment portfolio, making the stock its 5th largest position. Puzo Michael J’s holdings in Mastercard were worth $15,179,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MA. New Millennium Group LLC raised its position in shares of Mastercard by 28.1% during the 3rd quarter. New Millennium Group LLC now owns 4,663 shares of the credit services provider’s stock valued at $2,652,000 after buying an additional 1,023 shares in the last quarter. Y.D. More Investments Ltd grew its position in Mastercard by 0.4% in the third quarter. Y.D. More Investments Ltd now owns 10,724 shares of the credit services provider’s stock worth $6,100,000 after acquiring an additional 39 shares in the last quarter. Elefante Mark B increased its stake in Mastercard by 9.1% during the third quarter. Elefante Mark B now owns 12,240 shares of the credit services provider’s stock worth $6,962,000 after acquiring an additional 1,016 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. raised its position in Mastercard by 1.6% during the third quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,511 shares of the credit services provider’s stock valued at $859,000 after purchasing an additional 24 shares during the period. Finally, D Orazio & Associates Inc. lifted its stake in shares of Mastercard by 3.8% in the 3rd quarter. D Orazio & Associates Inc. now owns 1,756 shares of the credit services provider’s stock valued at $999,000 after purchasing an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 1.5%

NYSE MA opened at $519.80 on Friday. The stock has a market cap of $466.78 billion, a PE ratio of 31.46, a PEG ratio of 1.70 and a beta of 0.83. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company’s 50-day moving average price is $552.01 and its 200-day moving average price is $562.03. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. The company had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the business posted $3.82 EPS. Equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share 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 $0.87 dividend. The ex-dividend date is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard’s payout ratio is presently 21.07%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $656.00 target price on shares of Mastercard in a research report on Friday, January 30th. Rothschild & Co Redburn set a $685.00 price objective on shares of Mastercard in a research note on Wednesday, January 28th. Cantor Fitzgerald raised shares of Mastercard to a “strong-buy” rating in a research note on Tuesday, January 27th. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a report on Thursday, January 22nd. Finally, HSBC upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Six research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Mastercard has an average rating of “Buy” and a consensus price target of $669.27.

About Mastercard

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.