Mastercard Incorporated (NYSE:MA) Stake Boosted by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd increased its stake in Mastercard Incorporated (NYSE:MA) by 0.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,863 shares of the credit services provider’s stock after purchasing an additional 18 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Mastercard were worth $81,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Temasek Holdings Private Ltd grew its stake in Mastercard by 2.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock valued at $1,385,383,000 after acquiring an additional 62,891 shares in the last quarter. Dock Street Asset Management Inc. grew its stake in Mastercard by 4.5% during the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider’s stock valued at $35,932,000 after acquiring an additional 2,931 shares in the last quarter. Cardano Risk Management B.V. grew its stake in Mastercard by 2.7% during the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock valued at $194,141,000 after acquiring an additional 9,611 shares in the last quarter. Nordea Investment Management AB grew its stake in Mastercard by 15.6% during the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock valued at $1,325,353,000 after acquiring an additional 337,905 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Mastercard by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after acquiring an additional 100,550 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company boosted their price target on Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Susquehanna boosted their price target on Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a research note on Friday, January 31st. Morgan Stanley lowered their price target on Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $606.11.

Mastercard Stock Performance

Shares of NYSE MA opened at $576.08 on Friday. The business has a fifty day simple moving average of $542.83 and a 200 day simple moving average of $517.61. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $525.22 billion, a price-to-earnings ratio of 41.47, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a one year low of $428.86 and a one year high of $576.94.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard announced that its Board of Directors has authorized a share repurchase plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is 21.89%.

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.