Harvest Fund Management Co. Ltd boosted its stake in Mastercard Inc (NYSE:MA) by 116.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,963 shares of the credit services provider’s stock after purchasing an additional 3,750 shares during the quarter. Mastercard makes up 0.3% of Harvest Fund Management Co. Ltd’s investment portfolio, making the stock its 24th largest position. Harvest Fund Management Co. Ltd’s holdings in Mastercard were worth $1,550,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of MA. Principal Financial Group Inc. grew its stake in Mastercard by 4.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,569,086 shares of the credit services provider’s stock worth $450,002,000 after acquiring an additional 105,160 shares during the period. DnB Asset Management AS grew its stake in Mastercard by 4.2% in the 2nd quarter. DnB Asset Management AS now owns 112,694 shares of the credit services provider’s stock worth $22,147,000 after acquiring an additional 4,500 shares during the period. First American Trust FSB purchased a new stake in Mastercard in the 2nd quarter worth approximately $201,000. IFM Investors Pty Ltd grew its stake in Mastercard by 44.5% in the 2nd quarter. IFM Investors Pty Ltd now owns 42,272 shares of the credit services provider’s stock worth $8,307,000 after acquiring an additional 13,026 shares during the period. Finally, Empirical Finance LLC grew its stake in Mastercard by 40.3% in the 2nd quarter. Empirical Finance LLC now owns 1,693 shares of the credit services provider’s stock worth $333,000 after acquiring an additional 486 shares during the period. Hedge funds and other institutional investors own 74.40% of the company’s stock.
A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Oppenheimer lifted their price target on shares of Mastercard from $197.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, July 17th. Morgan Stanley lifted their price target on shares of Mastercard from $224.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, July 27th. KeyCorp reiterated an “overweight” rating and issued a $230.00 price target (up previously from $200.00) on shares of Mastercard in a report on Thursday, July 26th. Finally, Wells Fargo & Co lifted their price target on shares of Mastercard from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, October 1st. Three research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the stock. Mastercard has a consensus rating of “Buy” and an average target price of $219.24.
Mastercard stock opened at $197.72 on Friday. Mastercard Inc has a 12-month low of $140.61 and a 12-month high of $225.35. The firm has a market cap of $205.32 billion, a P/E ratio of 32.52, a PEG ratio of 1.69 and a beta of 1.22. The company has a current ratio of 1.55, a quick ratio of 1.51 and a debt-to-equity ratio of 1.01.
Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.10. Mastercard had a net margin of 35.88% and a return on equity of 114.58%. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities analysts expect that Mastercard Inc will post 6.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Tuesday, October 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.51%. The ex-dividend date is Friday, October 5th. Mastercard’s dividend payout ratio (DPR) is 21.83%.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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