Flossbach Von Storch SE Has $369.07 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Flossbach Von Storch SE lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 700,899 shares of the credit services provider’s stock after selling 25,310 shares during the period. Mastercard accounts for 1.5% of Flossbach Von Storch SE’s portfolio, making the stock its 23rd largest holding. Flossbach Von Storch SE owned 0.08% of Mastercard worth $369,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC bought a new position in Mastercard in the third quarter worth $25,000. First Personal Financial Services bought a new position in Mastercard in the third quarter worth $39,000. FSA Wealth Management LLC bought a new position in Mastercard in the third quarter worth $54,000. Raelipskie Partnership lifted its position in Mastercard by 120.0% in the third quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock worth $54,000 after purchasing an additional 60 shares during the period. Finally, Legacy Investment Solutions LLC bought a new position in Mastercard in the third quarter worth $55,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 0.1 %

MA opened at $568.97 on Thursday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $576.94. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $522.22 billion, a P/E ratio of 40.96, a P/E/G ratio of 2.39 and a beta of 1.10. The stock has a fifty day moving average of $537.79 and a 200-day moving average of $512.17.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share 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, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard declared that its board has initiated a share buyback plan 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 reacquire up to 2.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s payout ratio is currently 21.89%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MA. Tigress Financial increased their price objective on Mastercard from $550.00 to $685.00 and gave the stock a “strong-buy” rating in a research note on Thursday, February 13th. BMO Capital Markets increased their price objective on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Macquarie increased their price objective on Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Mizuho increased their price objective on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $606.11.

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.