Mizuho Securities USA LLC Has $26.42 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Mizuho Securities USA LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 15.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 53,499 shares of the credit services provider’s stock after selling 9,803 shares during the period. Mastercard makes up approximately 0.5% of Mizuho Securities USA LLC’s holdings, making the stock its 21st largest holding. Mizuho Securities USA LLC’s holdings in Mastercard were worth $26,418,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sarasin & Partners LLP increased its position in shares of Mastercard by 4.7% in the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after purchasing an additional 37,486 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Mastercard by 4.8% during the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after purchasing an additional 138,842 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in shares of Mastercard during the first quarter valued at about $608,000. SteelPeak Wealth LLC boosted its stake in shares of Mastercard by 48.6% during the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after purchasing an additional 1,612 shares in the last quarter. Finally, OMC Financial Services LTD acquired a new stake in shares of Mastercard during the first quarter valued at about $17,854,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MA. TD Cowen lifted their price target on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Barclays lifted their price objective on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Susquehanna lifted their price objective on Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. William Blair raised Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $572.00 price target on shares of Mastercard in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Stock Down 1.3 %

MA stock opened at $512.54 on Thursday. The stock’s fifty day simple moving average is $505.90 and its two-hundred day simple moving average is $472.76. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 1-year low of $404.32 and a 1-year high of $534.03. The stock has a market cap of $470.42 billion, a P/E ratio of 38.77, a P/E/G ratio of 2.31 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the prior year, the firm earned $3.39 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts expect that Mastercard Incorporated will post 14.47 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This represents a 23.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

About Mastercard

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.