2,487 Shares in Mastercard Incorporated $MA Bought by Arwa LLC

Arwa LLC purchased a new stake in Mastercard Incorporated (NYSE:MA) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,487 shares of the credit services provider’s stock, valued at approximately $1,420,000.

A number of other hedge funds also recently made changes to their positions in MA. J. Stern & Co. LLP increased its stake in Mastercard by 53,535.0% in the fourth quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock valued at $41,444,231,000 after acquiring an additional 72,461,743 shares during the period. Norges Bank bought a new position in Mastercard during the fourth quarter worth about $6,705,708,000. Cardano Risk Management B.V. boosted its holdings in Mastercard by 861.6% during the fourth quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider’s stock valued at $2,324,743,000 after purchasing an additional 3,648,748 shares in the last quarter. State Street Corp boosted its holdings in Mastercard by 2.8% during the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after purchasing an additional 997,536 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in shares of Mastercard in the 4th quarter valued at approximately $497,311,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MA shares. Royal Bank Of Canada lowered their price target on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Wolfe Research restated an “outperform” rating on shares of Mastercard in a research note on Tuesday, March 17th. BNP Paribas Exane raised shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 target price on the stock in a report on Thursday, March 19th. Dbs Bank upgraded shares of Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Finally, Citigroup cut their price target on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Six analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $656.04.

Mastercard Stock Performance

MA stock opened at $490.73 on Friday. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The company has a market cap of $433.60 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. The business’s fifty day moving average is $498.76 and its 200-day moving average is $521.76.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.73 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, July 9th. Mastercard’s payout ratio is presently 20.14%.

Mastercard Company 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.