US Bancorp DE Has $499.87 Million Stock Holdings in Mastercard Incorporated $MA

US Bancorp DE decreased its position in Mastercard Incorporated (NYSE:MA) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 878,793 shares of the credit services provider’s stock after selling 10,824 shares during the quarter. US Bancorp DE owned approximately 0.10% of Mastercard worth $499,867,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in Mastercard by 8.5% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after acquiring an additional 200 shares in the last quarter. Advisory Alpha LLC grew its holdings in shares of Mastercard by 16.0% during the 2nd quarter. Advisory Alpha LLC now owns 2,237 shares of the credit services provider’s stock worth $1,258,000 after purchasing an additional 308 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of Mastercard during the 2nd quarter worth approximately $242,000. Finally, Austin Private Wealth LLC increased its position in shares of Mastercard by 33.4% during the second quarter. Austin Private Wealth LLC now owns 1,409 shares of the credit services provider’s stock valued at $792,000 after purchasing an additional 353 shares during the period. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MA shares. Truist Financial set a $611.00 price target on shares of Mastercard in a research note on Tuesday, February 10th. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a research note on Friday, February 6th. UBS Group raised their target price on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Tigress Financial upped their price target on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 6th. Finally, Compass Point upgraded Mastercard from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $620.00 to $735.00 in a research note on Tuesday, January 13th. Six research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $669.27.

Mastercard Trading Up 2.4%

MA stock opened at $509.86 on Thursday. The business has a fifty day moving average price of $547.16 and a 200 day moving average price of $560.28. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The stock has a market capitalization of $454.70 billion, a price-to-earnings ratio of 30.86, a P/E/G ratio of 1.61 and a beta of 0.83.

Mastercard (NYSE:MA) last announced its earnings results 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 company had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter in the prior year, the business earned $3.82 earnings per share. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is currently 21.07%.

About Mastercard

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.