Allspring Global Investments Holdings LLC Has $247.35 Million Position in Mastercard Incorporated (NYSE:MA)

Allspring Global Investments Holdings LLC cut its position in Mastercard Incorporated (NYSE:MA) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 473,441 shares of the credit services provider’s stock after selling 22,262 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.05% of Mastercard worth $247,352,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in shares of Mastercard by 120,665.3% in the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after buying an additional 8,035,099 shares during the period. Bank of Montreal Can lifted its stake in shares of Mastercard by 51.7% in the third 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 period. FMR LLC boosted its holdings in Mastercard by 3.4% in the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after acquiring an additional 700,769 shares during the last quarter. Geode Capital Management LLC increased its position in Mastercard by 2.5% during the 3rd 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 period. Finally, Montrusco Bolton Investments Inc. raised its holdings in Mastercard by 52.8% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock worth $573,017,000 after purchasing an additional 409,334 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

NYSE MA opened at $564.79 on Wednesday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.29. The company has a fifty day moving average price of $532.30 and a 200-day moving average price of $507.00. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $576.94. The firm has a market cap of $518.38 billion, a price-to-earnings ratio of 40.66, a PEG ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 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%. As a group, equities research analysts predict that Mastercard Incorporated will post 15.98 EPS for the current fiscal year.

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

Mastercard Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 0.54%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio is 21.89%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MA shares. Barclays upped their price objective on shares of Mastercard from $595.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Susquehanna increased their price target on Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a report on Friday, January 31st. TD Cowen boosted their price objective on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. upped their target price on Mastercard from $590.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, DZ Bank upgraded Mastercard from a “hold” rating to a “buy” rating and set a $620.00 target price for the company in a report on Tuesday, February 4th. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $603.08.

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.