Luma Capital S.A. SPF Takes Position in Mastercard Incorporated $MA

Key Points

• Luma Capital S.A. SPF acquired 9,404 shares of Mastercard (NYSE:MA) in Q4, a stake worth about $5.37 million that represents roughly 5.0% of its portfolio and is its ninth-largest holding.
• Analyst sentiment is positive — MarketBeat shows a consensus "Buy" rating with an average price target of $664.40, and several brokers have recently raised targets as high as $735.
• Mastercard beat quarterly estimates, reporting $4.76 EPS vs. $4.24 expected and $8.81 billion in revenue (up 17.5% YoY), and announced a $0.87 quarterly dividend (annualized $3.48, 0.7% yield) payable May 8.

Luma Capital S.A. SPF acquired a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,404 shares of the credit services provider's stock, valued at approximately $5,369,000. Mastercard accounts for approximately 5.0% of Luma Capital S.A. SPF's investment portfolio, making the stock its 9th largest holding.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Mastercard by 2.8% during the third 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. Vanguard Group Inc. grew its stake in Mastercard by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 79,431,340 shares of the credit services provider's stock valued at $45,181,341,000 after buying an additional 955,533 shares in the last quarter. Assenagon Asset Management S.A. grew its stake 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 buying an additional 768,514 shares in the last quarter. Capital Research Global Investors raised its holdings in Mastercard by 6.5% during the 3rd quarter. Capital Research Global Investors now owns 10,347,834 shares of the credit services provider's stock valued at $5,885,944,000 after acquiring an additional 629,941 shares during the period. Finally, Danske Bank A S purchased a new stake in shares of Mastercard during the third quarter worth $245,980,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MA. BNP Paribas Exane upgraded Mastercard from a "neutral" rating to an "outperform" rating and set a $600.00 price target for the company in a research report on Thursday, March 19th. Royal Bank Of Canada restated an "outperform" rating and issued a $656.00 target price on shares of Mastercard in a research note on Friday, January 30th. Rothschild & Co Redburn set a $685.00 target price on Mastercard in a report on Wednesday, January 28th. Tigress Financial increased their price target on shares of Mastercard from $730.00 to $735.00 and gave the stock a "strong-buy" rating in a report on Friday, March 13th. Finally, TD Cowen restated a "buy" rating on shares of Mastercard in a research report on Tuesday, March 17th. Six analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Mastercard presently has an average rating of "Buy" and a consensus price target of $664.40.

Mastercard Price Performance

NYSE:MA opened at $498.80 on Friday. The firm has a market capitalization of $444.83 billion, a price-to-earnings ratio of 30.19, a P/E/G ratio of 1.60 and a beta of 0.83. Mastercard Incorporated has a 52-week low of $480.50 and a 52-week high of $601.77. The stock has a fifty day moving average of $513.49 and a 200 day moving average of $541.79. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, topping analysts' consensus estimates of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period in the prior year, the company earned $3.82 EPS. The company's quarterly revenue was up 17.5% compared to the same quarter last year. On average, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, April 9th. Mastercard's dividend payout ratio is 21.07%.

Mastercard Company Profile

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.

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