Mastercard Incorporated $MA Stock Position Decreased by Styrax Capital LP

Styrax Capital LP lowered its stake in Mastercard Incorporated (NYSE:MA) by 6.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 225,912 shares of the credit services provider’s stock after selling 16,458 shares during the quarter. Mastercard makes up 9.9% of Styrax Capital LP’s portfolio, making the stock its 4th biggest position. Styrax Capital LP’s holdings in Mastercard were worth $128,969,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vulcan Value Partners LLC boosted its stake in Mastercard by 6.5% during the 3rd quarter. Vulcan Value Partners LLC now owns 466,222 shares of the credit services provider’s stock valued at $265,233,000 after purchasing an additional 28,331 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in Mastercard during the 4th quarter valued at $1,113,000. Assetmark Inc. boosted its stake in Mastercard by 4.5% during the 4th quarter. Assetmark Inc. now owns 229,299 shares of the credit services provider’s stock valued at $130,902,000 after purchasing an additional 9,795 shares during the last quarter. Global X Japan Co. Ltd. boosted its stake in Mastercard by 396.3% during the 4th quarter. Global X Japan Co. Ltd. now owns 46,145 shares of the credit services provider’s stock valued at $26,343,000 after purchasing an additional 36,848 shares during the last quarter. Finally, Marble Wealth LLC purchased a new stake in Mastercard during the 4th quarter valued at $1,328,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of several recent analyst reports. Bank of America initiated coverage on Mastercard in a research note on Thursday, March 5th. They set a “buy” rating and a $700.00 target price on the stock. Morgan Stanley reissued an “overweight” rating and set a $679.00 price target on shares of Mastercard in a report on Friday, May 1st. Wolfe Research reissued an “outperform” rating on shares of Mastercard in a report on Tuesday, March 17th. Tigress Financial increased their price target on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a report on Friday, March 13th. Finally, Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Mastercard presently has an average rating of “Buy” and an average price target of $656.04.

Mastercard Price Performance

NYSE MA opened at $501.00 on Wednesday. The business’s fifty day moving average price is $499.39 and its 200-day moving average price is $522.78. The stock has a market capitalization of $442.67 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 1.53 and a beta of 0.74. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.19. The firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.73 EPS. On average, equities analysts predict that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.14%.

Mastercard 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.