Acropolis Investment Management LLC Has $1.07 Million Stock Position in Mastercard Incorporated $MA

Acropolis Investment Management LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 36.6% during the third quarter, HoldingsChannel.com reports. The firm owned 1,900 shares of the credit services provider’s stock after selling 1,096 shares during the quarter. Acropolis Investment Management LLC’s holdings in Mastercard were worth $1,068,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MA. Vanguard Group Inc. lifted its holdings in Mastercard by 1.2% in the second quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock valued at $44,098,695,000 after buying an additional 931,132 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in Mastercard during the 2nd quarter worth $11,421,213,000. Price T Rowe Associates Inc. MD raised its position in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after acquiring an additional 907,184 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 valued at $11,062,509,000 after purchasing an additional 542,841 shares during the period. Finally, Laurel Wealth Advisors LLC lifted its stake in shares of Mastercard by 55,868.1% in the 2nd 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 period. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Citigroup upgraded Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Truist Financial decreased their target price on Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. The Goldman Sachs Group reiterated a “buy” rating and issued a $713.00 price target on shares of Mastercard in a research report on Thursday, October 30th. Tigress Financial lifted their price objective on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Compass Point set a $620.00 target price on shares of Mastercard and gave the company a “neutral” rating in a research note on Friday, October 31st. 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $654.81.

Mastercard Trading Down 0.2%

NYSE:MA opened at $564.92 on Thursday. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12. The business’s 50-day simple moving average is $553.47 and its 200-day simple moving average is $566.14. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The stock has a market capitalization of $507.30 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 2.22 and a beta of 0.87.

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

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be given a $0.87 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. This is an increase from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s 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.