Jupiter Asset Management Ltd. Has $58.57 Million Position in Mastercard Incorporated $MA

Jupiter Asset Management Ltd. cut its holdings in Mastercard Incorporated (NYSE:MA) by 29.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,970 shares of the credit services provider’s stock after selling 43,847 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Mastercard were worth $58,570,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new position in shares of Mastercard during the second quarter valued at about $29,000. Robbins Farley increased its stake in Mastercard by 50.0% during the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 18 shares during the period. Tacita Capital Inc raised its holdings in Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 19 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Mastercard by 45.2% in the 2nd quarter. True Wealth Design LLC now owns 61 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 19 shares during the period. Finally, Sagard Holdings Management Inc. acquired a new stake in shares of Mastercard during the 2nd quarter worth approximately $37,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Down 1.5%

NYSE MA opened at $519.80 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. The company has a market capitalization of $466.78 billion, a PE ratio of 31.46, a P/E/G ratio of 1.70 and a beta of 0.83. The stock has a 50-day simple moving average of $552.01 and a 200 day simple moving average of $562.03. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 EPS for the quarter, topping the consensus estimate of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The business had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter last year, the business posted $3.82 EPS. The firm’s revenue was up 17.5% compared to the same quarter last year. Research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Thursday, April 9th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard’s dividend payout ratio is currently 21.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MA shares. Cantor Fitzgerald raised Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. Evercore set a $610.00 price objective on Mastercard in a research note on Friday, December 12th. Truist Financial set a $611.00 target price on shares of Mastercard in a research note on Tuesday, February 10th. Raymond James Financial dropped their target price on shares of Mastercard from $707.00 to $631.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Finally, Tigress Financial lifted their price target on shares of Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a report on Thursday, November 6th. Six equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and a consensus 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.