Border to Coast Pensions Partnership Ltd Has $68.59 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Border to Coast Pensions Partnership Ltd raised its holdings in Mastercard Incorporated (NYSE:MA) by 29.4% during the fourth quarter, HoldingsChannel reports. The firm owned 130,340 shares of the credit services provider’s stock after acquiring an additional 29,613 shares during the quarter. Mastercard accounts for 1.3% of Border to Coast Pensions Partnership Ltd’s holdings, making the stock its 19th largest position. Border to Coast Pensions Partnership Ltd’s holdings in Mastercard were worth $68,587,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC grew its stake in shares of Mastercard by 120,665.3% during the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after buying an additional 8,035,099 shares during the last quarter. Bank of Montreal Can grew its position in Mastercard by 51.7% during the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock worth $2,846,187,000 after acquiring an additional 1,965,782 shares during the last quarter. FMR LLC increased its holdings in Mastercard by 3.4% in the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock worth $10,545,139,000 after purchasing an additional 700,769 shares in the last quarter. Geode Capital Management LLC raised its position in Mastercard by 2.5% in the third quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock valued at $9,043,972,000 after purchasing an additional 453,773 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its stake in shares of Mastercard by 52.8% during the third quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock valued at $573,017,000 after purchasing an additional 409,334 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MA shares. UBS Group upped their price objective on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Seaport Res Ptn downgraded shares of Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird lifted their price target on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. TD Cowen increased their price objective on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Monday, November 25th. Four analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $566.63.

Mastercard Stock Up 0.1 %

MA stock opened at $523.08 on Friday. The stock’s 50 day simple moving average is $524.17 and its 200 day simple moving average is $493.43. The company has a market cap of $480.10 billion, a P/E ratio of 39.57, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a fifty-two week low of $425.48 and a fifty-two week high of $537.70.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period in the prior year, the firm earned $3.39 earnings per share. Mastercard’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, research analysts expect that Mastercard Incorporated will post 14.46 earnings per share for the current fiscal year.

Mastercard Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.76 per share. This is a boost from Mastercard’s previous quarterly dividend of $0.66. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, January 10th. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

Mastercard declared that its Board of Directors has authorized a stock buyback plan on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

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.