Groupama Asset Managment Sells 1,401 Shares of Mastercard Incorporated $MA

Groupama Asset Managment cut its holdings in Mastercard Incorporated (NYSE:MA) by 9.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,018 shares of the credit services provider’s stock after selling 1,401 shares during the quarter. Groupama Asset Managment’s holdings in Mastercard were worth $8,003,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MA. J. Stern & Co. LLP grew its stake in shares of Mastercard by 53,535.0% in the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock worth $41,444,231,000 after buying an additional 72,461,743 shares in the last quarter. Norges Bank purchased a new stake in shares of Mastercard during the 4th quarter valued at about $6,705,708,000. Cardano Risk Management B.V. raised its position in shares of Mastercard by 861.6% during the 4th quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider’s stock valued at $2,324,743,000 after buying an additional 3,648,748 shares in the last quarter. State Street Corp lifted 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. Finally, Cibc World Markets Corp bought a new position in shares of Mastercard in the 4th quarter valued at about $497,311,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of MA stock opened at $490.73 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77. The stock has a fifty day simple moving average of $498.76 and a two-hundred day simple moving average of $521.76. The stock has a market capitalization of $433.60 billion, a price-to-earnings ratio of 28.40, a P/E/G ratio of 1.53 and a beta of 0.74.

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

Mastercard Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on MA shares. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Susquehanna lowered their price objective on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research note on Friday, May 1st. Tigress Financial lifted their target price on Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a report on Friday, March 13th. TD Cowen reissued a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Finally, Truist Financial lowered their price target on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Six research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $656.04.

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.