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Mastercard Incorporated $MA Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

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Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,761,224 shares of the credit services provider's stock after purchasing an additional 83,407 shares during the quarter. Mastercard accounts for 0.7% of Mitsubishi UFJ Asset Management Co. Ltd.'s holdings, making the stock its 21st biggest position. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of Mastercard worth $991,798,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Foster Dykema Cabot & Partners LLC raised its holdings in shares of Mastercard by 250.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider's stock worth $32,000 after acquiring an additional 40 shares in the last quarter. Tacita Capital Inc boosted its position in Mastercard by 50.0% during the third quarter. Tacita Capital Inc now owns 57 shares of the credit services provider's stock valued at $32,000 after purchasing an additional 19 shares during the last quarter. Bay Harbor Wealth Management LLC grew its stake in Mastercard by 54.1% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider's stock valued at $33,000 after purchasing an additional 20 shares in the last quarter. Dagco Inc. increased its position in Mastercard by 200.0% in the 4th quarter. Dagco Inc. now owns 66 shares of the credit services provider's stock worth $38,000 after purchasing an additional 44 shares during the last quarter. Finally, Joseph Group Capital Management acquired a new position in Mastercard in the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Trading Down 1.5%

NYSE:MA opened at $497.17 on Wednesday. Mastercard Incorporated has a 12 month low of $480.50 and a 12 month high of $601.77. The firm has a market cap of $443.38 billion, a price-to-earnings ratio of 28.77, a P/E/G ratio of 1.58 and a beta of 0.76. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The company's 50 day moving average is $506.16 and its 200-day moving average is $535.39.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $8.26 billion. During the same period in the prior year, the firm earned $3.73 EPS. Mastercard's quarterly revenue was up 15.8% compared to the same quarter last year. Equities analysts anticipate that Mastercard Incorporated will post 19.58 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 9th. Mastercard's dividend payout ratio (DPR) is currently 20.14%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MA. Wolfe Research reiterated an "outperform" rating on shares of Mastercard in a report on Tuesday, March 17th. Morgan Stanley restated an "overweight" rating and issued a $679.00 price objective on shares of Mastercard in a report on Friday. Daiwa Securities Group set a $610.00 price objective on shares of Mastercard and gave the company an "outperform" rating in a research report on Monday, February 2nd. Rothschild & Co Redburn set a $685.00 target price on shares of Mastercard in a research note on Wednesday, January 28th. Finally, Evercore restated a "negative" rating on shares of Mastercard in a research note on Tuesday, March 17th. Six analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $657.07.

Check Out Our Latest Stock Report on MA

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Mastercard Profile

(Free Report)

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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