Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Takes Position in Mastercard Incorporated $MA

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new position in Mastercard Incorporated (NYSE:MA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,192 shares of the credit services provider’s stock, valued at approximately $8,537,000. Mastercard makes up about 3.4% of Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s investment portfolio, making the stock its 5th biggest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. LGT Financial Advisors LLC bought a new position in shares of Mastercard in the 2nd quarter valued at about $25,000. Family Legacy Financial Solutions LLC bought a new stake in Mastercard during the second quarter worth about $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard during the first quarter valued at approximately $27,000. Keystone Global Partners LLC acquired a new position in Mastercard during the first quarter valued at approximately $31,000. Finally, IMG Wealth Management Inc. bought a new position in Mastercard in the second quarter valued at approximately $31,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company dropped their price objective on Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Royal Bank Of Canada raised their target price on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Cowen reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Finally, KeyCorp restated an “overweight” rating and set a $665.00 price objective on shares of Mastercard in a research note on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $652.50.

Mastercard Price Performance

NYSE:MA opened at $539.47 on Tuesday. The company has a market cap of $484.45 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.14 and a beta of 0.87. The firm’s fifty day moving average price is $555.98 and its two-hundred day moving average price is $566.79. 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 2.40, a current ratio of 1.12 and a quick ratio of 1.12.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The company had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter last year, the company posted $3.89 EPS. Mastercard’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were paid a dividend of $0.76 per share. The ex-dividend date was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is 19.44%.

Mastercard 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.