Rockefeller Capital Management L.P. Increases Stock Holdings in Mastercard Incorporated $MA

Rockefeller Capital Management L.P. grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 186,350 shares of the credit services provider’s stock after purchasing an additional 16,844 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Mastercard were worth $106,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of MA. E Fund Management Hong Kong Co. Ltd. raised its stake in Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 41 shares in the last quarter. Strive Financial Group LLC acquired a new position in Mastercard in the fourth quarter valued at $27,000. Hyposwiss Advisors SA purchased a new position in shares of Mastercard during the fourth quarter worth about $29,000. Foster Dykema Cabot & Partners LLC increased its position in shares of Mastercard by 250.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC increased its position in shares of Mastercard by 54.1% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of MA opened at $490.73 on Friday. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77. The firm has a 50-day simple moving average of $498.76 and a 200-day simple moving average of $521.76. The company has a market capitalization of $433.60 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.19. The firm had revenue of $8.40 billion for 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 revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.73 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Mastercard Dividend Announcement

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 issued a $0.87 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard’s payout ratio is presently 20.14%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings cut Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Dbs Bank raised Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Citigroup reduced their price objective on Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. BMO Capital Markets started coverage on Mastercard in a report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price objective for the company. Finally, Tigress Financial raised their target price on shares of Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a research report on Friday, March 13th. Six research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Mastercard currently has an average rating of “Buy” and a consensus price target of $656.04.

About Mastercard

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.