Border to Coast Pensions Partnership Ltd Has $68.59 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Border to Coast Pensions Partnership Ltd lifted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 29.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,340 shares of the credit services provider's stock after purchasing an additional 29,613 shares during the quarter. Mastercard comprises about 1.3% of Border to Coast Pensions Partnership Ltd's holdings, making the stock its 19th biggest holding. Border to Coast Pensions Partnership Ltd's holdings in Mastercard were worth $68,587,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. State Street Corp grew its holdings in shares of Mastercard by 0.7% during the third quarter. State Street Corp now owns 35,288,912 shares of the credit services provider's stock worth $17,425,665,000 after buying an additional 257,312 shares during the last quarter. FMR LLC lifted its position in shares of Mastercard by 3.4% during the 3rd 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 boosted its position in Mastercard by 2.5% during the third quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider's stock worth $9,043,972,000 after purchasing an additional 453,773 shares in the last quarter. International Assets Investment Management LLC grew its stake in 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 acquiring an additional 8,035,099 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Mastercard by 4.2% during the 3rd quarter. Franklin Resources Inc. now owns 7,501,814 shares of the credit services provider's stock valued at $3,800,836,000 after acquiring an additional 304,293 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of NYSE:MA traded up $2.08 during trading hours on Friday, hitting $525.22. The stock had a trading volume of 2,347,449 shares, compared to its average volume of 2,644,504. The stock's fifty day simple moving average is $524.27 and its 200 day simple moving average is $493.64. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $482.06 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 2.00 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $427.45 and a 1-year high of $537.70.

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

Mastercard declared that its board has approved a share repurchase program on Tuesday, December 17th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Mastercard Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be paid a $0.76 dividend. The ex-dividend date is Friday, January 10th. 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. Mastercard's payout ratio is 19.97%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MA. Deutsche Bank Aktiengesellschaft lifted their price objective on Mastercard from $510.00 to $580.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Mizuho upped their price objective on Mastercard from $496.00 to $532.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Citigroup lifted their price objective on Mastercard from $572.00 to $584.00 and gave the stock a "buy" rating in a research report on Tuesday. Oppenheimer reduced their target price on shares of Mastercard from $591.00 to $588.00 and set an "outperform" rating on the stock in a report on Thursday, December 19th. Finally, Barclays lifted their price target on shares of Mastercard from $536.00 to $576.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $566.63.

Mastercard Company 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.