Dnca Finance Acquires 2,000 Shares of Mastercard Incorporated $MA

Dnca Finance grew its holdings in Mastercard Incorporated (NYSE:MA) by 5.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,850 shares of the credit services provider’s stock after purchasing an additional 2,000 shares during the quarter. Mastercard comprises about 1.5% of Dnca Finance’s investment portfolio, making the stock its 19th largest position. Dnca Finance’s holdings in Mastercard were worth $20,146,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MA. Kingstone Capital Partners Texas LLC bought a new stake in Mastercard during the 2nd quarter worth about $11,421,213,000. Laurel Wealth Advisors LLC grew its stake in shares of Mastercard by 55,868.1% during the second quarter. Laurel Wealth Advisors LLC now owns 13,421,148 shares of the credit services provider’s stock valued at $7,541,880,000 after purchasing an additional 13,397,168 shares during the last quarter. Norges Bank bought a new stake in shares of Mastercard during the second quarter valued at approximately $6,725,317,000. Nuveen LLC acquired a new stake in shares of Mastercard in the first quarter valued at approximately $4,238,764,000. Finally, Wellington Management Group LLP raised its position in Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of MA stock opened at $545.48 on Friday. The stock has a market cap of $489.84 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 2.14 and a beta of 0.87. The stock has a 50-day moving average of $556.55 and a 200-day moving average of $567.02. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The company had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the previous year, the business earned $3.89 EPS. The firm’s revenue was up 16.7% on a year-over-year basis. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Compass Point set a $620.00 price objective on Mastercard and gave the company a “neutral” rating in a research report on Friday, October 31st. Wells Fargo & Company cut their price target on Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Citigroup upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. Morgan Stanley set a $665.00 price objective on Mastercard and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, TD Cowen reaffirmed a “buy” rating and issued a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Buy” and a consensus price target of $652.50.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.