Wealthfront Advisers LLC Grows Position in Mastercard Incorporated $MA

Wealthfront Advisers LLC raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,484 shares of the credit services provider’s stock after acquiring an additional 3,634 shares during the period. Wealthfront Advisers LLC’s holdings in Mastercard were worth $60,000,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Curio Wealth LLC lifted its stake in Mastercard by 22,400.0% during the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 224 shares during the last quarter. Nicholson Wealth Management Group LLC raised its holdings in shares of Mastercard by 153.6% during the 3rd quarter. Nicholson Wealth Management Group LLC now owns 2,856 shares of the credit services provider’s stock valued at $1,625,000 after buying an additional 1,730 shares in the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in Mastercard by 1.5% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 309,192 shares of the credit services provider’s stock worth $175,872,000 after buying an additional 4,700 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. grew its position in Mastercard by 88.9% during the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock valued at $8,723,000 after acquiring an additional 7,215 shares during the last quarter. Finally, Global X Japan Co. Ltd. grew its position in Mastercard by 3,694.7% during the third quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock valued at $5,288,000 after acquiring an additional 9,052 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 2.4%

NYSE:MA opened at $535.49 on Tuesday. The company has a 50-day moving average price of $555.10 and a 200-day moving average price of $564.13. The stock has a market cap of $480.87 billion, a price-to-earnings ratio of 32.41, a P/E/G ratio of 1.78 and a beta of 0.83. The company has a current ratio of 1.03, a quick ratio of 1.12 and a debt-to-equity ratio of 2.36. 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, 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. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The company had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter in the previous year, the company earned $3.82 earnings per share. Mastercard’s quarterly revenue was up 17.5% on a year-over-year basis. Equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Friday, January 9th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, January 9th. This is a boost from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio (DPR) is 21.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MA shares. KeyCorp reaffirmed an “overweight” rating and issued a $665.00 price objective on shares of Mastercard in a research note on Wednesday, October 22nd. Daiwa Securities Group set a $610.00 price objective on Mastercard and gave the stock an “outperform” rating in a report on Monday, February 2nd. Royal Bank Of Canada restated an “outperform” rating and set a $656.00 target price on shares of Mastercard in a report on Friday, January 30th. JPMorgan Chase & Co. decreased their price target on Mastercard from $685.00 to $655.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. Finally, Truist Financial set a $609.00 price target on shares of Mastercard in a research report on Tuesday, January 20th. Six investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $669.18.

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.