SeaTown Holdings Pte. Ltd. Has $9.71 Million Stock Holdings in Mastercard Incorporated $MA

SeaTown Holdings Pte. Ltd. cut its position in shares of Mastercard Incorporated (NYSE:MA) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,000 shares of the credit services provider’s stock after selling 1,800 shares during the period. Mastercard makes up 5.6% of SeaTown Holdings Pte. Ltd.’s portfolio, making the stock its 8th largest holding. SeaTown Holdings Pte. Ltd.’s holdings in Mastercard were worth $9,705,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MA. Walkner Condon Financial Advisors LLC lifted its stake in shares of Mastercard by 4.1% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 1,042 shares of the credit services provider’s stock worth $595,000 after acquiring an additional 41 shares during the last quarter. Stonebridge Financial Group LLC grew its position in Mastercard by 2.8% in the 4th quarter. Stonebridge Financial Group LLC now owns 9,156 shares of the credit services provider’s stock valued at $5,227,000 after acquiring an additional 251 shares during the last quarter. Financial & Tax Architects LLC increased its stake in Mastercard by 8.0% in the fourth quarter. Financial & Tax Architects LLC now owns 676 shares of the credit services provider’s stock worth $386,000 after purchasing an additional 50 shares during the period. TOWER TRUST & INVESTMENT Co increased its stake in Mastercard by 1.8% in the fourth quarter. TOWER TRUST & INVESTMENT Co now owns 4,838 shares of the credit services provider’s stock worth $2,762,000 after purchasing an additional 84 shares during the period. Finally, Voisard Asset Management Group Inc. lifted its position in shares of Mastercard by 5.2% during the fourth quarter. Voisard Asset Management Group Inc. now owns 543 shares of the credit services provider’s stock worth $310,000 after purchasing an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

NYSE MA opened at $493.55 on Monday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50 day moving average price is $516.31 and its 200-day moving average price is $544.30. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a market cap of $440.15 billion, a PE ratio of 29.88, a P/E/G ratio of 1.58 and a beta of 0.83.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, topping analysts’ consensus estimates of $4.24 by $0.52. The company had revenue of $8.81 billion during the quarter, compared to the consensus estimate of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. Mastercard’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.82 earnings per share. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Daiwa Securities Group set a $610.00 price target on shares of Mastercard and gave the stock an “outperform” rating in a report on Monday, February 2nd. Wells Fargo & Company boosted their price objective on shares of Mastercard from $660.00 to $668.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Evercore restated a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Rothschild & Co Redburn set a $685.00 target price on shares of Mastercard in a research report on Wednesday, January 28th. Finally, BNP Paribas Exane raised shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price target for the company in a research note on Thursday, March 19th. Six 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. According to MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average 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.