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Avanza Fonder AB Makes New $31.30 Million Investment in Mastercard Incorporated (NYSE:MA)

Mastercard logo with Business Services background

Avanza Fonder AB bought a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 59,441 shares of the credit services provider's stock, valued at approximately $31,300,000. Mastercard accounts for 0.9% of Avanza Fonder AB's portfolio, making the stock its 15th biggest position.

A number of other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC increased its position in shares of Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider's stock valued at $3,971,020,000 after purchasing an additional 8,035,099 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Mastercard by 51.7% in the 3rd quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider's stock valued at $2,846,187,000 after purchasing an additional 1,965,782 shares during the period. FMR LLC boosted its holdings in shares of Mastercard by 3.4% in the third quarter. FMR LLC now owns 21,355,081 shares of the credit services provider's stock valued at $10,545,139,000 after acquiring an additional 700,769 shares during the period. Geode Capital Management LLC increased its holdings in shares of Mastercard by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider's stock valued at $9,043,972,000 after acquiring an additional 453,773 shares during the period. Finally, Montrusco Bolton Investments Inc. raised its position in Mastercard by 52.8% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider's stock valued at $573,017,000 after purchasing an additional 409,334 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Stock Up 0.4 %

Shares of MA traded up $2.08 during trading on Friday, reaching $525.22. The company's stock had a trading volume of 2,373,951 shares, compared to its average volume of 2,644,504. The company has a market cap of $482.06 billion, a price-to-earnings ratio of 39.73, a P/E/G ratio of 2.00 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a fifty day moving average of $524.27 and a two-hundred day moving average of $493.64. Mastercard Incorporated has a twelve month low of $427.45 and a twelve month high of $537.70.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to analysts' expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm's quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.39 earnings per share. On average, sell-side analysts predict that Mastercard Incorporated will post 14.46 EPS for the current fiscal year.

Mastercard announced that its Board of Directors has initiated a stock buyback plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit services provider to buy up to 2.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Mastercard Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.58%. This is an increase from Mastercard's previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, January 10th. Mastercard's dividend payout ratio (DPR) is 19.97%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MA. Susquehanna lifted their target price on shares of Mastercard from $540.00 to $605.00 and gave the company a "positive" rating in a report on Friday, November 1st. BMO Capital Markets raised their target price on shares of Mastercard from $550.00 to $565.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. Piper Sandler reaffirmed an "overweight" rating and set a $575.00 price target (up previously from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mastercard from $510.00 to $580.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, William Blair restated an "outperform" rating on shares of Mastercard in a report on Monday, November 25th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $566.63.

Check Out Our Latest Stock Report on MA

Mastercard Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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