Rothschild & Co Wealth Management UK Ltd Has $692.85 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Rothschild & Co Wealth Management UK Ltd decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,315,774 shares of the credit services provider’s stock after selling 177,791 shares during the period. Mastercard comprises approximately 12.2% of Rothschild & Co Wealth Management UK Ltd’s holdings, making the stock its 2nd largest position. Rothschild & Co Wealth Management UK Ltd owned about 0.14% of Mastercard worth $692,847,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Goldstein Advisors LLC boosted its position in shares of Mastercard by 1.3% in the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after acquiring an additional 20 shares during the last quarter. Community Bank N.A. boosted its position in shares of Mastercard by 0.9% in the third quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider’s stock worth $1,081,000 after acquiring an additional 20 shares during the last quarter. Raab & Moskowitz Asset Management LLC boosted its position in shares of Mastercard by 1.5% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,398 shares of the credit services provider’s stock worth $690,000 after acquiring an additional 20 shares during the last quarter. Boltwood Capital Management boosted its position in shares of Mastercard by 1.0% in the fourth quarter. Boltwood Capital Management now owns 2,055 shares of the credit services provider’s stock worth $1,082,000 after acquiring an additional 20 shares during the last quarter. Finally, Traveka Wealth LLC boosted its position in shares of Mastercard by 1.4% in the fourth quarter. Traveka Wealth LLC now owns 1,478 shares of the credit services provider’s stock worth $778,000 after acquiring an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.2 %

Mastercard stock opened at $527.02 on Thursday. The company has a 50-day simple moving average of $524.16 and a 200-day simple moving average of $496.01. The firm has a market capitalization of $483.72 billion, a P/E ratio of 39.87, a P/E/G ratio of 2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a one year low of $428.86 and a one year high of $537.70.

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

Mastercard announced that its Board of Directors has authorized a share buyback plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in shares. This repurchase authorization allows the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Mastercard Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $3.04 annualized dividend and a yield of 0.58%. This is an increase from Mastercard’s previous quarterly dividend of $0.66. Mastercard’s dividend payout ratio is presently 23.00%.

Analyst Ratings Changes

A number of research analysts have weighed in on MA shares. Susquehanna lifted their price target on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research report on Friday, November 1st. TD Cowen lifted their price target on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Jefferies Financial Group lifted their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Monday, December 9th. UBS Group lifted their price target on shares of Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, KeyCorp lifted their price target on shares of Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $566.63.

About Mastercard

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.