London & Capital Asset Management Ltd Sells 11,217 Shares of Mastercard Incorporated $MA

London & Capital Asset Management Ltd cut its position in shares of Mastercard Incorporated (NYSE:MA) by 52.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,270 shares of the credit services provider’s stock after selling 11,217 shares during the quarter. London & Capital Asset Management Ltd’s holdings in Mastercard were worth $5,842,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. Brighton Jones LLC boosted its stake in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after buying an additional 2,028 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Mastercard by 8.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after buying an additional 200 shares in the last quarter. Firetrail Investments PTY Ltd. bought a new position in shares of Mastercard during the 2nd quarter worth about $18,901,000. Triglav Investments D.O.O. boosted its position in shares of Mastercard by 5.6% during the 2nd quarter. Triglav Investments D.O.O. now owns 45,783 shares of the credit services provider’s stock valued at $25,725,000 after acquiring an additional 2,425 shares in the last quarter. Finally, Zweig DiMenna Associates LLC boosted its position in shares of Mastercard by 2.0% during the 2nd quarter. Zweig DiMenna Associates LLC now owns 17,800 shares of the credit services provider’s stock valued at $10,003,000 after acquiring an additional 350 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on MA. Rothschild & Co Redburn set a $685.00 price target on shares of Mastercard in a research report on Wednesday, January 28th. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a research note on Friday, February 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a report on Thursday, January 22nd. Tigress Financial raised their target price on Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 6th. Finally, Compass Point raised Mastercard from a “neutral” rating to a “buy” rating and boosted their price target for the company from $620.00 to $735.00 in a research note on Tuesday, January 13th. Six 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 company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $669.27.

Mastercard Stock Performance

NYSE MA opened at $515.92 on Monday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a 50 day moving average of $545.00 and a 200-day moving average of $559.33. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. The firm has a market cap of $460.11 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 1.67 and a beta of 0.83.

Mastercard (NYSE:MA) last released 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. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period in the prior year, the company earned $3.82 EPS. Mastercard’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm 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 dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, April 9th. Mastercard’s dividend payout ratio is presently 21.07%.

Mastercard Company 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.