111 Capital Reduces Stock Holdings in Mastercard Incorporated $MA

111 Capital reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 80.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,047 shares of the credit services provider’s stock after selling 8,243 shares during the period. 111 Capital’s holdings in Mastercard were worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. Evolution Wealth Management Inc. purchased a new stake in Mastercard during the 2nd quarter worth approximately $29,000. Robbins Farley lifted its stake in shares of Mastercard by 50.0% during the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after buying an additional 18 shares during the period. Tacita Capital Inc grew its holdings in shares of Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after buying an additional 19 shares during the last quarter. True Wealth Design LLC increased its position in shares of Mastercard by 45.2% in the 2nd quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 19 shares during the period. Finally, Sagard Holdings Management Inc. acquired a new position in shares of Mastercard in the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MA. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $656.00 price target on shares of Mastercard in a research report on Friday, January 30th. Dbs Bank raised Mastercard to a “moderate buy” rating in a report on Friday, February 6th. Macquarie Infrastructure upped their target price on Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Cantor Fitzgerald raised shares of Mastercard to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Rothschild & Co Redburn set a $685.00 price objective on shares of Mastercard in a research note on Wednesday, January 28th. Six analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $669.27.

Mastercard Trading Up 0.2%

Shares of NYSE:MA opened at $515.92 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 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. The business has a 50 day moving average of $545.00 and a two-hundred day moving average of $559.33. The company has a market capitalization of $460.11 billion, a PE ratio of 31.23, a PEG ratio of 1.67 and a beta of 0.83.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share 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 firm had revenue of $8.81 billion during the quarter, compared to analyst estimates of $8.80 billion. During the same period in the previous year, the firm earned $3.82 EPS. The business’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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

About Mastercard

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.