Savvy Advisors Inc. Boosts Stake in Mastercard Incorporated $MA

Savvy Advisors Inc. grew its stake in Mastercard Incorporated (NYSE:MA) by 17.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,492 shares of the credit services provider’s stock after acquiring an additional 2,045 shares during the quarter. Savvy Advisors Inc.’s holdings in Mastercard were worth $7,702,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Mastercard by 1.2% during the third quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock valued at $45,181,341,000 after purchasing an additional 955,533 shares in the last quarter. State Street Corp raised its holdings in Mastercard by 2.8% in the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after purchasing an additional 997,536 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Mastercard by 6.5% during the third quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock valued at $5,885,944,000 after buying an additional 629,941 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Mastercard by 4.2% during the third quarter. Legal & General Group Plc now owns 5,806,887 shares of the credit services provider’s stock valued at $3,303,015,000 after buying an additional 235,403 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Mastercard by 6.4% in the 3rd quarter. Invesco Ltd. now owns 5,658,547 shares of the credit services provider’s stock valued at $3,218,638,000 after buying an additional 339,137 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Up 0.0%

MA stock opened at $493.55 on Friday. The stock has a market capitalization of $440.15 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 1.58 and a beta of 0.83. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The firm has a 50 day moving average of $516.31 and a 200 day moving average of $544.68.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. Mastercard’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.82 EPS. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s dividend payout ratio is presently 21.07%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Bank of America started coverage on shares of Mastercard in a research note on Thursday, March 5th. They set a “buy” rating and a $700.00 price objective for the company. Cantor Fitzgerald upgraded shares of Mastercard to a “strong-buy” rating in a research note on Tuesday, January 27th. JPMorgan Chase & Co. cut their price target on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating on the stock in a report on Friday, January 30th. Compass Point upgraded Mastercard from a “neutral” rating to a “buy” rating and increased their price objective for the company from $620.00 to $735.00 in a report on Tuesday, January 13th. Finally, Truist Financial set a $611.00 price objective on Mastercard in a research report on Tuesday, February 10th. Six analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $664.40.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.