Mastercard Incorporated $MA Stock Holdings Lowered by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its position in Mastercard Incorporated (NYSE:MA) by 1.0% during the fourth quarter, Holdings Channel reports. The fund owned 1,597,748 shares of the credit services provider’s stock after selling 15,602 shares during the quarter. Mastercard comprises approximately 0.5% of Hsbc Holdings PLC’s investment portfolio, making the stock its 27th largest position. Hsbc Holdings PLC’s holdings in Mastercard were worth $913,046,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares during the period. Schnieders Capital Management LLC. raised its holdings in shares of Mastercard by 8.5% during the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after buying an additional 200 shares during the last quarter. Betterment LLC boosted its position in shares of Mastercard by 6.5% during the second quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock worth $532,000 after buying an additional 58 shares during the period. Worldquant Millennium Advisors LLC boosted its position in shares of Mastercard by 35.8% during the second quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock worth $380,548,000 after buying an additional 178,387 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in Mastercard in the 2nd quarter worth approximately $431,000. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. BMO Capital Markets initiated coverage on Mastercard in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 target price on the stock. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Wolfe Research reissued an “outperform” rating on shares of Mastercard in a research note on Tuesday, March 17th. Truist Financial lowered their price target on Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada cut their price objective on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Six investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $656.04.

Mastercard Price Performance

NYSE MA opened at $490.73 on Friday. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77. The firm has a market capitalization of $433.60 billion, a PE ratio of 28.40, a P/E/G ratio of 1.53 and a beta of 0.74. The company’s 50 day simple moving average is $498.76 and its 200 day simple moving average is $521.76. 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 (NYSE:MA) last released its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The firm had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.73 earnings per share. As a group, equities research analysts forecast that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.7%. Mastercard’s dividend payout ratio is 20.14%.

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.