Winslow Capital Management LLC Purchases 35,923 Shares of Mastercard Incorporated $MA

by · The Cerbat Gem

Winslow Capital Management LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 2.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,363,644 shares of the credit services provider’s stock after purchasing an additional 35,923 shares during the quarter. Mastercard comprises 2.6% of Winslow Capital Management LLC’s holdings, making the stock its 12th biggest position. Winslow Capital Management LLC’s holdings in Mastercard were worth $766,286,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of Mastercard during the first quarter worth $1,626,000. Cynosure Group LLC increased its position in shares of Mastercard by 6.5% during the first quarter. Cynosure Group LLC now owns 783 shares of the credit services provider’s stock worth $429,000 after acquiring an additional 48 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Mastercard by 461.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 64,807 shares of the credit services provider’s stock valued at $35,522,000 after acquiring an additional 53,258 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in Mastercard in the 1st quarter worth $3,772,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of MA stock opened at $545.48 on Monday. The company has a fifty day moving average price of $556.55 and a two-hundred day moving average price of $567.01. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The stock has a market cap of $489.84 billion, a P/E ratio of 34.88, a P/E/G ratio of 2.14 and a beta of 0.87. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.12 and a quick ratio of 1.12.

Mastercard (NYSE:MA – Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 45.28% and a return on equity of 202.03%. The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same period in the previous year, the business earned $3.89 EPS. Mastercard’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MA shares. UBS Group boosted their price target on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a report on Friday, October 31st. Citigroup upgraded Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Cowen reaffirmed a “buy” rating on shares of Mastercard in a research note on Friday, October 31st. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Royal Bank Of Canada increased their target price on shares of Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $652.50.

Read Our Latest Analysis on Mastercard

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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