Clal Insurance Enterprises Holdings Ltd Acquires 18 Shares of Mastercard Incorporated (NYSE:MA)

Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 154,863 shares of the credit services provider’s stock after purchasing an additional 18 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in Mastercard were worth $81,546,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Temasek Holdings Private Ltd lifted its stake in shares of Mastercard by 2.3% during the third 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 during the period. Dock Street Asset Management Inc. lifted its stake in shares of Mastercard by 4.5% during the fourth 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 during the period. Cardano Risk Management B.V. lifted its stake in shares of Mastercard by 2.7% during the fourth 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 during the period. Nordea Investment Management AB lifted its stake in shares of Mastercard by 15.6% during the fourth 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 during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Mastercard by 2.0% during the third 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 during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 2.0 %

NYSE:MA opened at $576.08 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $525.22 billion, a PE ratio of 41.47, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $576.94. The stock has a 50-day simple moving average of $542.83 and a 200 day simple moving average of $517.61.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side 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 9th. Shareholders of record on Wednesday, April 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.53%. Mastercard’s dividend payout ratio is 21.89%.

Mastercard declared that its board has authorized a share buyback plan on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

MA has been the topic of several research reports. Tigress Financial upped their price target on Mastercard from $550.00 to $685.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 13th. Jefferies Financial Group upped their price target on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Oppenheimer cut their target price on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Monness Crespi & Hardt raised Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 target price on the stock in a research note on Friday, January 31st. Finally, BMO Capital Markets increased their target price on Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $606.11.

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.