Mastercard Incorporated $MA Shares Sold by AMI Asset Management Corp

AMI Asset Management Corp decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,521 shares of the credit services provider’s stock after selling 1,803 shares during the quarter. Mastercard comprises 2.4% of AMI Asset Management Corp’s holdings, making the stock its 18th biggest position. AMI Asset Management Corp’s holdings in Mastercard were worth $41,972,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. State Street Corp boosted its holdings in shares of Mastercard by 2.8% in the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after acquiring an additional 997,536 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Mastercard by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock valued at $45,181,341,000 after acquiring an additional 955,533 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Mastercard by 792.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 865,523 shares of the credit services provider’s stock valued at $494,110,000 after acquiring an additional 768,514 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Mastercard by 6.5% in the 3rd 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 acquiring an additional 629,941 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in shares of Mastercard in the 3rd quarter valued at $245,980,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on MA shares. Bank of America started coverage on shares of Mastercard in a report on Thursday, March 5th. They issued a “buy” rating and a $700.00 price objective on the stock. Evercore reaffirmed a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. Loop Capital initiated coverage on shares of Mastercard in a report on Tuesday, March 31st. They set a “buy” rating and a $631.00 price target on the stock. Morgan Stanley increased their price target on shares of Mastercard from $665.00 to $678.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Finally, Rothschild & Co Redburn set a $685.00 price target on shares of Mastercard in a report on Wednesday, January 28th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $664.40.

Mastercard Stock Performance

MA opened at $508.19 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The company has a market cap of $453.20 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 1.60 and a beta of 0.83. Mastercard Incorporated has a 52-week low of $480.50 and a 52-week high of $601.77. The firm’s fifty day simple moving average is $512.53 and its two-hundred day simple moving average is $541.18.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.52. The business had revenue of $8.81 billion for 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%. The company’s revenue was up 17.5% compared to the same quarter last year. During the same period last year, the firm posted $3.82 earnings per share. Equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be given a $0.87 dividend. 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%.

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.