Militia Capital Partners LP Invests $1.03 Million in Mastercard Incorporated $MA

Militia Capital Partners LP purchased a new position in Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,800 shares of the credit services provider’s stock, valued at approximately $1,028,000.

A number of other large investors also recently modified their holdings of MA. Norges Bank bought a new position in shares of Mastercard in the 4th quarter worth about $6,705,708,000. Cardano Risk Management B.V. lifted its position in Mastercard by 861.6% in the 4th quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider’s stock valued at $2,324,743,000 after purchasing an additional 3,648,748 shares during the last quarter. State Street Corp lifted its position in Mastercard by 2.8% in the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after purchasing an additional 997,536 shares during the last quarter. Cibc World Markets Corp bought a new stake in Mastercard in the 4th quarter valued at about $497,311,000. Finally, Assenagon Asset Management S.A. lifted its position in Mastercard by 792.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 865,523 shares of the credit services provider’s stock valued at $494,110,000 after purchasing an additional 768,514 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Truist Financial cut their price objective on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. UBS Group cut their price objective on shares of Mastercard from $650.00 to $640.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Raymond James Financial set a $609.00 price objective on shares of Mastercard in a research report on Friday, May 1st. TD Cowen reiterated a “buy” rating on shares of Mastercard in a research report on Tuesday, March 17th. Finally, Susquehanna cut their price objective on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. Six investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $656.04.

Mastercard Stock Up 2.1%

Mastercard stock opened at $501.00 on Wednesday. The stock has a market cap of $442.67 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 1.53 and a beta of 0.74. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The company’s 50-day moving average price is $499.39 and its two-hundred day moving average price is $522.78. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.77.

Mastercard (NYSE:MA) last released its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating the consensus estimate of $4.41 by $0.19. The firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. Mastercard’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the company earned $3.73 EPS. On average, analysts expect that Mastercard Incorporated will post 19.6 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.7%. Mastercard’s dividend payout ratio (DPR) is presently 20.14%.

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.