China Universal Asset Management Co. Ltd. Has $5.42 Million Stock Holdings in Mastercard Incorporated $MA

China Universal Asset Management Co. Ltd. decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 41.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,649 shares of the credit services provider’s stock after selling 6,757 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Mastercard were worth $5,422,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. LGT Financial Advisors LLC acquired a new position in shares of Mastercard in the 2nd quarter valued at $25,000. Family Legacy Financial Solutions LLC bought a new position in Mastercard during the second quarter worth about $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard in the first quarter valued at about $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard in the first quarter worth about $31,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of Mastercard in the second quarter worth about $31,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

NYSE MA opened at $571.40 on Monday. The firm’s 50 day moving average is $554.16 and its 200-day moving average is $566.33. 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 company has a market capitalization of $513.12 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 2.25 and a beta of 0.87. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The business had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter in the prior year, the company posted $3.89 earnings per share. The firm’s revenue was up 16.7% on a year-over-year basis. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be given a $0.87 dividend. This is an increase from Mastercard’s previous quarterly dividend of $0.76. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, January 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MA shares. Macquarie lifted their price objective on Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Robert W. Baird raised their target price on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. KeyCorp reiterated an “overweight” rating and issued a $665.00 price target on shares of Mastercard in a report on Wednesday, October 22nd. Morgan Stanley set a $665.00 price objective on shares of Mastercard and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Sunday. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $654.81.

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.