Caxton Associates LLP Has $5.48 Million Holdings in Mastercard Incorporated $MA

Caxton Associates LLP increased its position in shares of Mastercard Incorporated (NYSE:MA) by 178.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,746 shares of the credit services provider’s stock after acquiring an additional 6,243 shares during the quarter. Caxton Associates LLP’s holdings in Mastercard were worth $5,477,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MA. Brighton Jones LLC lifted its holdings in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in shares of Mastercard by 58.4% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 7,130 shares of the credit services provider’s stock worth $3,908,000 after acquiring an additional 2,630 shares during the period. Horizon Investments LLC increased its holdings in shares of Mastercard by 12.4% in the first quarter. Horizon Investments LLC now owns 4,019 shares of the credit services provider’s stock valued at $2,199,000 after purchasing an additional 443 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in Mastercard by 641.9% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 3,027 shares of the credit services provider’s stock valued at $1,659,000 after buying an additional 2,619 shares during the last quarter. Finally, Bowie Capital Management LLC lifted its holdings in Mastercard by 1.3% during the 1st quarter. Bowie Capital Management LLC now owns 181,883 shares of the credit services provider’s stock worth $99,694,000 after purchasing an additional 2,380 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

NYSE MA opened at $571.40 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a market cap of $513.12 billion, a P/E ratio of 36.53, a PEG ratio of 2.25 and a beta of 0.87. The company has a fifty day simple moving average of $554.16 and a 200 day simple moving average of $566.39.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share 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 business had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter last year, the firm earned $3.89 EPS. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. Sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.6%. This is a boost from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, January 9th. Mastercard’s dividend payout ratio is presently 19.44%.

Analyst Ratings Changes

A number of research firms have issued reports on MA. UBS Group boosted their price objective on shares of Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a report on Friday, October 31st. Hsbc Global Res raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Wells Fargo & Company dropped their target price on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Cowen reiterated a “buy” rating on shares of Mastercard in a report on Friday, October 31st. Finally, Truist Financial reduced their target price on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a report on Tuesday, November 4th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $654.81.

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.