Mastercard Incorporated (NYSE:MA) is Conway Capital Management Inc.’s 7th Largest Position

Conway Capital Management Inc. reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,997 shares of the credit services provider’s stock after selling 30 shares during the quarter. Mastercard accounts for approximately 4.7% of Conway Capital Management Inc.’s holdings, making the stock its 7th largest holding. Conway Capital Management Inc.’s holdings in Mastercard were worth $10,530,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Temasek Holdings Private Ltd boosted its stake in shares of Mastercard by 2.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock valued at $1,385,383,000 after purchasing an additional 62,891 shares during the period. Nordea Investment Management AB lifted its holdings in Mastercard by 15.6% in the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock worth $1,325,353,000 after buying an additional 337,905 shares in the last quarter. Cardano Risk Management B.V. boosted its position in Mastercard by 2.7% in the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock valued at $194,141,000 after buying an additional 9,611 shares during the last quarter. Sarasin & Partners LLP grew its stake in shares of Mastercard by 4.7% during the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after acquiring an additional 37,486 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Mastercard by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock worth $2,474,151,000 after acquiring an additional 100,550 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Citigroup raised their price objective on Mastercard from $572.00 to $584.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Barclays raised their price target on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. UBS Group upped their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, November 14th. KeyCorp increased their price objective on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Piper Sandler reissued an “overweight” rating and issued a $575.00 target price (up previously from $565.00) on shares of Mastercard in a research report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $566.63.

Mastercard Stock Up 1.2 %

Shares of MA stock opened at $533.77 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $489.91 billion, a PE ratio of 40.38, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. The business’s fifty day moving average is $524.27 and its 200-day moving average is $496.23. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $537.70.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period in the previous year, the company earned $3.39 earnings per share. Mastercard’s revenue was up 12.8% compared to the same quarter last year. Equities analysts expect that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard declared that its board has initiated a stock buyback plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Mastercard Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a dividend of $0.76 per share. The ex-dividend date is Friday, January 10th. This is a positive change from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a yield of 0.57%. Mastercard’s dividend payout ratio is currently 23.00%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.