Mastercard Incorporated (NYSE:MA) Stock Position Increased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. grew its position in Mastercard Incorporated (NYSE:MA) by 84.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,216 shares of the credit services provider’s stock after purchasing an additional 2,854 shares during the period. Mastercard makes up approximately 0.6% of Point72 Asia Singapore Pte. Ltd.’s holdings, making the stock its 22nd biggest position. Point72 Asia Singapore Pte. Ltd.’s holdings in Mastercard were worth $3,070,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MA. Sarasin & Partners LLP grew its stake in shares of Mastercard by 4.7% in the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after purchasing an additional 37,486 shares in the last quarter. Principal Financial Group Inc. grew its position in Mastercard by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after buying an additional 138,842 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 buying an additional 100,550 shares during the period. SteelPeak Wealth LLC increased its stake in Mastercard by 48.6% during the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after buying an additional 1,612 shares during the period. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Mastercard during the 2nd quarter worth about $6,850,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. William Blair restated an “outperform” rating on shares of Mastercard in a report on Monday, November 25th. Barclays raised their price objective on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Oppenheimer initiated coverage on Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective for the company. Robert W. Baird boosted their price target on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $572.00 price target on shares of Mastercard in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Stock Performance

MA opened at $532.94 on Friday. Mastercard Incorporated has a 12-month low of $404.32 and a 12-month high of $535.77. The firm has a market capitalization of $489.15 billion, a P/E ratio of 40.31, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The stock’s 50 day moving average price is $510.37 and its two-hundred day moving average price is $476.31. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the prior year, the company earned $3.39 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities analysts forecast that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were given a $0.66 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. Mastercard’s dividend payout ratio is currently 19.97%.

Insiders Place Their Bets

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

About Mastercard

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.