Mastercard Incorporated $MA Shares Bought by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON ASSET MANAGEMENT UK Plc dramatically increased its Mastercard stake in Q1, boosting holdings by 4,247% to 62,597 shares valued at about $31.3 million.
• Mastercard reported strong quarterly results, with EPS of $4.60 beating estimates and revenue of $8.40 billion topping forecasts; revenue rose 15.8% year over year.
• The company announced a quarterly dividend of $0.87 per share, and analysts remain largely bullish, with a consensus rating of Buy and an average price target of $656.04.

AEGON ASSET MANAGEMENT UK Plc raised its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 4,247.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,597 shares of the credit services provider's stock after purchasing an additional 61,157 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in Mastercard were worth $31,277,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MA. Vanguard Group Inc. grew its holdings in shares of Mastercard by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider's stock worth $45,612,087,000 after buying an additional 466,514 shares in the last quarter. J. Stern & Co. LLP raised its holdings in Mastercard by 53,535.0% in the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider's stock valued at $41,444,231,000 after acquiring an additional 72,461,743 shares during the last quarter. State Street Corp raised its holdings 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 acquiring an additional 997,536 shares during the last quarter. Geode Capital Management LLC lifted its stake in Mastercard by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider's stock worth $11,773,153,000 after purchasing an additional 349,369 shares in the last quarter. Finally, Capital International Investors lifted its stake in Mastercard by 4.4% in the 4th quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider's stock worth $10,256,368,000 after purchasing an additional 759,584 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Price Performance

Mastercard stock opened at $490.73 on Monday. The company's 50 day simple moving average is $498.76 and its 200-day simple moving average is $521.61. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77. The company has a market capitalization of $433.60 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The business had revenue of $8.40 billion for the quarter, compared to analysts' expectations of $8.26 billion. During the same quarter in the prior year, the company earned $3.73 earnings per share. The business's quarterly revenue was up 15.8% on a year-over-year basis. As a group, equities research analysts expect that Mastercard Incorporated will post 19.6 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be issued a $0.87 dividend. 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 20.14%.

Analyst Ratings Changes

Several analysts have issued reports on MA shares. Loop Capital restated a "buy" rating and issued a $631.00 target price on shares of Mastercard in a report on Wednesday, June 3rd. Truist Financial reduced their price target on Mastercard from $590.00 to $561.00 and set a "buy" rating on the stock in a report on Tuesday, May 12th. Tigress Financial boosted their price target on shares of Mastercard from $730.00 to $735.00 and gave the company a "strong-buy" rating in a research report on Friday, March 13th. Wolfe Research reissued an "outperform" rating on shares of Mastercard in a report on Tuesday, March 17th. Finally, TD Cowen restated a "buy" rating on shares of Mastercard in a report on Tuesday, March 17th. Six analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $656.04.

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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