Mastercard Incorporated $MA Shares Acquired by Cim Investment Management Inc.

Cim Investment Management Inc. boosted its position in Mastercard Incorporated (NYSE:MA) by 99.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,171 shares of the credit services provider’s stock after purchasing an additional 2,582 shares during the quarter. Cim Investment Management Inc.’s holdings in Mastercard were worth $2,814,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Mastercard by 1.2% during the second quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock worth $44,098,695,000 after buying an additional 931,132 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Mastercard during the second quarter worth approximately $11,421,213,000. Price T Rowe Associates Inc. MD boosted its position in Mastercard by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after acquiring an additional 907,184 shares during the last quarter. Geode Capital Management LLC grew its stake in Mastercard by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock worth $11,062,509,000 after acquiring an additional 542,841 shares during the period. Finally, Wellington Management Group LLP raised its holdings 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 valued at $7,413,936,000 after acquiring an additional 3,765,378 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Macquarie raised their price objective on Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Compass Point set a $620.00 target price on Mastercard and gave the stock a “neutral” rating in a research report on Friday, October 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $713.00 price target on shares of Mastercard in a research note on Thursday, October 30th. Truist Financial dropped their price objective on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Finally, Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Sunday. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $654.81.

Mastercard Price Performance

MA stock opened at $571.40 on Friday. The company has a market cap of $513.12 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 2.25 and a beta of 0.87. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40. The stock has a 50-day moving average price of $554.16 and a two-hundred day moving average price of $566.39. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings data 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 return on equity of 202.03% and a net margin of 45.28%.The business had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same period in the previous year, the company posted $3.89 EPS. The company’s revenue was up 16.7% compared to the same quarter last year. As a group, research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

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

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.