Elo Mutual Pension Insurance Co Has $53.23 Million Stock Position in Mastercard Incorporated $MA

Elo Mutual Pension Insurance Co grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 10.9% during the third quarter, Holdings Channel reports. The firm owned 93,578 shares of the credit services provider’s stock after purchasing an additional 9,234 shares during the period. Mastercard accounts for about 0.9% of Elo Mutual Pension Insurance Co’s portfolio, making the stock its 18th largest position. Elo Mutual Pension Insurance Co’s holdings in Mastercard were worth $53,228,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Mastercard by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider’s stock valued at $45,181,341,000 after acquiring an additional 955,533 shares during the last quarter. Geode Capital Management LLC boosted its position in Mastercard by 2.8% during the second quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock worth $11,062,509,000 after purchasing an additional 542,841 shares during the period. Laurel Wealth Advisors LLC grew its holdings in Mastercard by 55,868.1% during the second quarter. Laurel Wealth Advisors LLC now owns 13,421,148 shares of the credit services provider’s stock valued at $7,541,880,000 after purchasing an additional 13,397,168 shares during the last quarter. Norges Bank bought a new position in shares of Mastercard in the second quarter valued at approximately $6,725,317,000. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Mastercard by 25.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,372,404 shares of the credit services provider’s stock valued at $3,580,909,000 after purchasing an additional 1,299,977 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Up 0.2%

Shares of MA stock opened at $515.92 on Monday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a fifty day moving average price of $545.00 and a 200 day moving average price of $559.33. The stock has a market cap of $460.11 billion, a P/E ratio of 31.23, a price-to-earnings-growth ratio of 1.67 and a beta of 0.83.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $8.80 billion. During the same period last year, the firm earned $3.82 EPS. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be issued a dividend of $0.87 per share. 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, April 9th. Mastercard’s payout ratio is presently 21.07%.

Wall Street Analyst Weigh In

MA has been the topic of a number of research analyst reports. Evercore set a $610.00 target price on shares of Mastercard in a research note on Friday, December 12th. Rothschild & Co Redburn set a $685.00 price target on shares of Mastercard in a report on Wednesday, January 28th. Raymond James Financial lowered their price target on Mastercard from $707.00 to $631.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Compass Point raised Mastercard from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $620.00 to $735.00 in a research report on Tuesday, January 13th. Finally, Macquarie Infrastructure increased their target price on Mastercard from $660.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Six analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and an average price target of $669.27.

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.