Mastercard Incorporated $MA Shares Sold by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. lessened its position in shares of Mastercard Incorporated (NYSE:MA) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 204,266 shares of the credit services provider’s stock after selling 2,390 shares during the period. Burgundy Asset Management Ltd.’s holdings in Mastercard were worth $114,785,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MA. Kingstone Capital Partners Texas LLC acquired a new position in Mastercard during the 2nd quarter valued at approximately $11,421,213,000. Laurel Wealth Advisors LLC lifted its stake in Mastercard by 55,868.1% in 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 buying an additional 13,397,168 shares during the last quarter. Norges Bank acquired a new position in shares of Mastercard during the second quarter valued at $6,725,317,000. Nuveen LLC bought a new position in shares of Mastercard during the first quarter worth about $4,238,764,000. Finally, Wellington Management Group LLP increased its holdings in shares of 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 acquiring an additional 3,765,378 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Up 0.6%

Shares of Mastercard stock opened at $545.48 on Friday. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40. The stock has a 50 day moving average price of $556.55 and a two-hundred day moving average price of $567.02. The stock has a market capitalization of $489.84 billion, a P/E ratio of 34.88, a PEG ratio of 2.14 and a beta of 0.87.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $8.53 billion. During the same period in the prior year, the company earned $3.89 earnings per share. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities 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 paid a $0.76 dividend. The ex-dividend date was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio is currently 19.44%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MA. Citigroup raised Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Truist Financial lowered their price objective on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. UBS Group lifted their target price on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Cowen reissued a “buy” rating on shares of Mastercard in a research report on Friday, October 31st. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $652.50.

Mastercard Company 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.