Amundi Has $2.53 Billion Stock Position in Mastercard Incorporated (NYSE:MA)

Amundi boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 13.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,899,438 shares of the credit services provider’s stock after buying an additional 565,717 shares during the period. Mastercard makes up about 0.9% of Amundi’s holdings, making the stock its 15th biggest position. Amundi’s holdings in Mastercard were worth $2,532,541,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. NewSquare Capital LLC acquired a new position in Mastercard in the 4th quarter worth about $26,000. Marshall Investment Management LLC acquired a new position in Mastercard in the 4th quarter worth about $30,000. Halbert Hargrove Global Advisors LLC acquired a new position in Mastercard in the 4th quarter worth about $32,000. First Personal Financial Services acquired a new position in Mastercard in the 3rd quarter worth about $39,000. Finally, FPC Investment Advisory Inc. increased its position in Mastercard by 483.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 58 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MA has been the topic of several research reports. Monness Crespi & Hardt raised Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 target price on the stock in a research report on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. KeyCorp upped their price target on Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and set a $635.00 price target (up previously from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Finally, BMO Capital Markets upped their price target on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $606.11.

Mastercard Trading Down 0.5 %

Shares of MA opened at $546.98 on Friday. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock has a 50 day simple moving average of $545.15 and a 200-day simple moving average of $520.41. The stock has a market cap of $498.68 billion, a PE ratio of 39.38, a PEG ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (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%. On average, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

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

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.56%. Mastercard’s payout ratio is presently 21.89%.

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.