Amundi Trims Stock Holdings in Mastercard Incorporated $MA

Amundi lowered its holdings in shares of Mastercard Incorporated (NYSE:MA) by 37.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,063,688 shares of the credit services provider’s stock after selling 1,801,567 shares during the quarter. Mastercard accounts for 0.6% of Amundi’s portfolio, making the stock its 23rd biggest holding. Amundi owned about 0.34% of Mastercard worth $1,720,322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC grew its stake in shares of Mastercard by 73.2% during the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after acquiring an additional 295 shares during the last quarter. Ethos Financial Group LLC raised its position in shares of Mastercard by 19.5% in the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock valued at $1,683,000 after purchasing an additional 518 shares during the last quarter. Curio Wealth LLC raised its position in shares of Mastercard by 22,400.0% in the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock valued at $126,000 after purchasing an additional 224 shares during the last quarter. Vanguard Group Inc. boosted its stake in Mastercard by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock worth $44,098,695,000 after purchasing an additional 931,132 shares in the last quarter. Finally, Wheelhouse Advisory Group LLC grew its position in Mastercard by 4.4% during the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after purchasing an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MA. TD Cowen reaffirmed a “buy” rating and issued a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Truist Financial cut their target price on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Robert W. Baird lifted their price target on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Morgan Stanley set a $665.00 price target on Mastercard and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, Macquarie raised their price objective on Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $652.50.

Mastercard Price Performance

Shares of Mastercard stock opened at $541.83 on Friday. The firm has a market cap of $486.56 billion, a PE ratio of 34.64, a P/E/G ratio of 2.17 and a beta of 0.87. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.40. The business has a 50-day moving average price of $556.95 and a 200 day moving average price of $567.39.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating the consensus estimate of $4.31 by $0.07. The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.Mastercard’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company earned $3.89 earnings per share. Sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were given a dividend of $0.76 per share. The ex-dividend date was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio is currently 19.44%.

Mastercard Company 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.