Robeco Institutional Asset Management B.V. Increases Stake in Mastercard Inc (MA)

Robeco Institutional Asset Management B.V. boosted its stake in shares of Mastercard Inc (NYSE:MA) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 687,025 shares of the credit services provider’s stock after purchasing an additional 26,230 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.07% of Mastercard worth $152,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in Mastercard by 4.3% in the first quarter. Principal Financial Group Inc. now owns 2,569,086 shares of the credit services provider’s stock valued at $450,002,000 after acquiring an additional 105,160 shares during the last quarter. Peregrine Capital Management LLC boosted its stake in Mastercard by 0.3% in the second quarter. Peregrine Capital Management LLC now owns 87,253 shares of the credit services provider’s stock valued at $17,147,000 after acquiring an additional 281 shares during the last quarter. First National Bank of Omaha boosted its stake in Mastercard by 4.9% in the second quarter. First National Bank of Omaha now owns 56,197 shares of the credit services provider’s stock valued at $10,015,000 after acquiring an additional 2,630 shares during the last quarter. RDL Financial Inc. boosted its stake in Mastercard by 4.6% in the second quarter. RDL Financial Inc. now owns 21,949 shares of the credit services provider’s stock valued at $4,313,000 after acquiring an additional 968 shares during the last quarter. Finally, Matisse Capital bought a new position in Mastercard in the second quarter valued at approximately $218,000. 74.43% of the stock is currently owned by institutional investors.

Shares of NYSE:MA opened at $205.62 on Friday. Mastercard Inc has a 12 month low of $140.61 and a 12 month high of $225.35. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.01. The firm has a market cap of $216.25 billion, a P/E ratio of 44.90, a P/E/G ratio of 1.78 and a beta of 1.22.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, October 30th. The credit services provider reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.10. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same period last year, the business posted $1.34 earnings per share. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. Research analysts predict that Mastercard Inc will post 6.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Tuesday, October 9th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, October 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. Mastercard’s payout ratio is 21.83%.

In related news, Director Richard K. Davis acquired 2,475 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The shares were acquired at an average cost of $196.37 per share, for a total transaction of $486,015.75. Following the completion of the acquisition, the director now directly owns 3,468 shares in the company, valued at approximately $681,011.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.32% of the company’s stock.

A number of brokerages have recently weighed in on MA. Buckingham Research lifted their price target on shares of Mastercard from $222.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. SunTrust Banks lifted their price target on shares of Mastercard to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Loop Capital lifted their price target on shares of Mastercard to $232.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Cowen reissued a “buy” rating and set a $207.00 price target on shares of Mastercard in a research report on Friday, July 20th. Finally, Bank of America lifted their price target on shares of Mastercard from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, July 17th. Three investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. Mastercard currently has an average rating of “Buy” and a consensus target price of $219.24.

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Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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