Mastercard Incorporated $MA is Dupont Capital Management Corp’s 10th Largest Position

Dupont Capital Management Corp reduced its position in Mastercard Incorporated (NYSE:MA) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,278 shares of the credit services provider’s stock after selling 1,438 shares during the quarter. Mastercard makes up approximately 2.6% of Dupont Capital Management Corp’s portfolio, making the stock its 10th biggest position. Dupont Capital Management Corp’s holdings in Mastercard were worth $25,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new stake in Mastercard during the 2nd quarter worth approximately $11,421,213,000. Laurel Wealth Advisors LLC grew its stake in shares of Mastercard by 55,868.1% in the second quarter. Laurel Wealth Advisors LLC now owns 13,421,148 shares of the credit services provider’s stock worth $7,541,880,000 after acquiring an additional 13,397,168 shares in the last quarter. Norges Bank purchased a new stake in shares of Mastercard during the second quarter worth $6,725,317,000. Massachusetts Financial Services Co. MA raised its stake in shares of Mastercard by 25.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,372,404 shares of the credit services provider’s stock valued at $3,580,909,000 after acquiring an additional 1,299,977 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Mastercard by 1.2% during 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. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on MA. Compass Point set a $620.00 price target on Mastercard and gave the company a “neutral” rating in a research report on Friday, October 31st. Royal Bank Of Canada upped their target price on shares of Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Morgan Stanley set a $665.00 target price on shares of Mastercard and gave the company an “overweight” rating in a report on Friday, October 31st. Citigroup upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $657.48.

Mastercard Trading Down 1.1%

Shares of Mastercard stock opened at $570.96 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40. The company has a fifty day simple moving average of $555.91 and a 200-day simple moving average of $565.60. The stock has a market cap of $512.72 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 2.24 and a beta of 0.86. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings results 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 net margin of 45.28% and a return on equity of 202.03%. The firm had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same period in the previous year, the company earned $3.89 earnings per share. Mastercard’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Increases Dividend

The company 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 a boost from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, January 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s payout ratio is currently 19.44%.

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.