Dnca Finance Buys 2,000 Shares of Mastercard Incorporated $MA

Dnca Finance increased its stake in Mastercard Incorporated (NYSE:MA) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 35,850 shares of the credit services provider’s stock after purchasing an additional 2,000 shares during the quarter. Mastercard makes up 1.5% of Dnca Finance’s investment portfolio, making the stock its 19th largest holding. Dnca Finance’s holdings in Mastercard were worth $20,146,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of Mastercard during the 2nd quarter worth about $11,421,213,000. Laurel Wealth Advisors LLC grew its holdings in 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 buying an additional 13,397,168 shares during the last quarter. Norges Bank bought a new position in Mastercard in the 2nd quarter worth approximately $6,725,317,000. Nuveen LLC bought a new position in Mastercard in the 1st quarter worth approximately $4,238,764,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after buying an additional 3,765,378 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

NYSE MA opened at $545.48 on Friday. 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 stock has a market cap of $489.84 billion, a P/E ratio of 34.88, a PEG ratio of 2.14 and a beta of 0.87. The company’s 50-day simple moving average is $556.55 and its 200 day simple moving average is $567.02.

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

Mastercard Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MA shares. Wells Fargo & Company lowered their price objective on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Tigress Financial raised their price target on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 6th. TD Cowen restated a “buy” rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Macquarie increased their target price on shares of Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday. Four analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $652.50.

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.