Triasima Portfolio Management inc. Raises Stock Holdings in Mastercard Incorporated $MA

Triasima Portfolio Management inc. lifted its holdings in Mastercard Incorporated (NYSE:MA) by 206.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,460 shares of the credit services provider’s stock after buying an additional 1,657 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Mastercard were worth $1,399,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MA. Sage Mountain Advisors LLC grew its holdings in shares of Mastercard by 12.8% in the 3rd quarter. Sage Mountain Advisors LLC now owns 6,524 shares of the credit services provider’s stock worth $3,711,000 after acquiring an additional 742 shares during the last quarter. Jackson Thornton Wealth Management LLC boosted its position in Mastercard by 53.5% during the third quarter. Jackson Thornton Wealth Management LLC now owns 1,019 shares of the credit services provider’s stock worth $587,000 after purchasing an additional 355 shares during the period. Inscription Capital LLC grew its stake in Mastercard by 21.4% in the 3rd quarter. Inscription Capital LLC now owns 1,854 shares of the credit services provider’s stock valued at $1,054,000 after buying an additional 327 shares during the last quarter. Americana Partners LLC grew its stake in shares of Mastercard by 18.5% in the third quarter. Americana Partners LLC now owns 9,516 shares of the credit services provider’s stock worth $5,413,000 after acquiring an additional 1,488 shares during the last quarter. Finally, Root Financial Partners LLC lifted its stake in shares of Mastercard by 4.8% in the third quarter. Root Financial Partners LLC now owns 2,017 shares of the credit services provider’s stock valued at $1,147,000 after buying an additional 93 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of MA opened at $533.88 on Tuesday. The business has a 50-day moving average of $556.89 and a 200-day moving average of $566.36. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a market capitalization of $479.42 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 1.83 and a beta of 0.86.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the prior year, the company earned $3.89 EPS. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.7%. This is a boost from Mastercard’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, January 9th. Mastercard’s dividend payout ratio is presently 22.25%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MA shares. Citigroup raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Wells Fargo & Company lowered their target price on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Macquarie increased their target price on Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Finally, Cowen restated a “buy” rating on shares of Mastercard in a research note on Monday, January 12th. Five analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $662.08.

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.