Mastercard Incorporated $MA Position Raised by American National Bank & Trust

American National Bank & Trust raised its position in shares of Mastercard Incorporated (NYSE:MA) by 34.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,116 shares of the credit services provider’s stock after purchasing an additional 1,316 shares during the quarter. American National Bank & Trust’s holdings in Mastercard were worth $2,921,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MA. Vanguard Group Inc. increased its holdings in shares of Mastercard by 1.2% in the third quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock valued at $45,181,341,000 after buying an additional 955,533 shares in the last quarter. State Street Corp raised its position in shares of Mastercard by 2.8% during the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after purchasing an additional 997,536 shares during the period. Capital Research Global Investors lifted its holdings in shares of Mastercard by 6.5% during the third quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider’s stock valued at $5,885,944,000 after purchasing an additional 629,941 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Mastercard by 4.2% in the 3rd quarter. Legal & General Group Plc now owns 5,806,887 shares of the credit services provider’s stock valued at $3,303,015,000 after purchasing an additional 235,403 shares during the period. Finally, Invesco Ltd. increased its stake in Mastercard by 6.4% in the 3rd quarter. Invesco Ltd. now owns 5,658,547 shares of the credit services provider’s stock worth $3,218,638,000 after purchasing an additional 339,137 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

NYSE MA opened at $493.55 on Friday. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a fifty day simple moving average of $516.31 and a 200 day simple moving average of $544.97. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. The company has a market cap of $440.15 billion, a P/E ratio of 29.88, a P/E/G ratio of 1.58 and a beta of 0.83.

Mastercard (NYSE:MA) last released its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.52. The firm had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The business’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.82 EPS. On average, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is presently 21.07%.

Wall Street Analyst Weigh In

MA has been the topic of several recent analyst reports. Cantor Fitzgerald upgraded Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. JPMorgan Chase & Co. reduced their price target on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. Macquarie Infrastructure raised their price objective on shares of Mastercard from $660.00 to $675.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. Tigress Financial lifted their price objective 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. Finally, Raymond James Financial reduced their price objective on Mastercard from $707.00 to $631.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $664.40.

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.