Mastercard Inc $ 237.03 -1.85 (-0.77%)

Volume:
4,160,026
Avg Vol (1m):
7,739,798
Market Cap $:
238.24 Bil
Enterprise Value $:
239.12 Bil
P/E (TTM):
29.84
P/B:
40.50
Warning! GuruFocus has detected 1 Severe warning sign with MA. Click here to check it out.
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MA News and Headlines - Mastercard

GuruFocus Articles Total 387
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These high-quality names from Warren Buffett’s stock portfolio have significantly outperformed Berkshire as a whole

For decades, Warren Buffett (Trades, Portfolio) has been well known for his “forever” love for companies like Coca Cola (KO), American Express (AXP) and Wells Fargo (WFC), which drove the long-term outperformance at Berkshire Hathaway (BRK.A) (BRK.B).

However, checking the company’s complete portfolio of over 50 stocks, one may notice quite a few quality names that have received less recognition in association with the legendary investor and his value-investing vehicle. Even though all of these companies were selected by Buffett and his in-house money managers, Ted Weschler and Todd Combs, some of them did

1456 Views    Steven Chen    2020-04-02 16:14
A valuable source of organic growth

With respect to corporate strategy, the term “white space” is both ubiquitous and ambiguous. Various interpretations exist - e.g., a new market, a growth engine or a business opportunity.

When it comes to stock picking, we at Urbem would simply define the white space as the untapped geographies or populations that offer room for long-term growth to a particular product or service of a business.

In our opinion, investors should favor well-moated, consistently high-return companies embracing a huge but under-recognized white space. The expansion of such businesses is usually organic, predictable and value-generative, being less prone to the competitive

450 Views    Steven Chen    2020-04-01 14:55
Details the 52-week lows of the following companies: Johnson & Johnson, Mastercard, AT&T, UnitedHealth Group, Bank of America and Coca-Cola

According to GuruFocus’ list of 52-week lows, these Guru stocks have reached their 52-week lows.

Johnson & Johnson

The price of Johnson & Johnson (JNJ) shares has declined to close to the 52-week low of $119.89, which is 23.5% off the 52-week high of $154.50. The company has a market cap of $316.07 billion.

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Its shares traded with a price-earnings ratio of 21.29 and a price-sales ratio of 3.92 as of March 20. The trailing 12-month dividend yield is 3.17%. The forward dividend yield is 3.17%. The company had an annual average earnings growth of

150 Views    Joy Hu    2020-03-23 15:56
The guru shared his thoughts on consistent focus, low yield and investment risk

For those panicking through the recent market turmoil, we find that a revisit to Warren Buffett’s 2008 shareholder letter can provide some solace. The S&P 500 has lost 37% of its value year to date, making it the worst year for the index since Buffett took over Berkshire.

Focus

Acknowledging that nobody can predict the winning and losing years in advance, Buffett stressed that investors have consistent focuses, regardless of market conditions:

“(1) Maintaining Berkshire’s Gibraltar-like financial position, which features huge amounts of excess liquidity, near-term obligations that are modest, and dozens of sources of earnings and cash;

(2)

1632 Views    Steven Chen    2020-03-23 14:36
The Warren Buffett Indicator is still telling you not to bet on America

The global stock market has had quite a tough ride over the last few weeks, with many significant regions, including the U.S., ending up in bear-market territory. After the turmoil and panic selling, investors may want to ask whether stocks are cheap by now. The quick answer a “no,” according to the "Buffett Indicator," named as such because it is Warren Buffett (Trades, Portfolio)’s favorite indicator of total market valuation.

As you can see below, the Buffett Indicator, which measures the ratio of the total market cap of U.S. stocks to U.S. GDP is standing near 125%.

1099 Views    Steven Chen    2020-03-15 18:22
Investors have been awoken to the carnage of the last three weeks. These circumstances, while unenjoyable, may be hiding the actual problems with today’s market

Investors have been awoken to the carnage of the last three weeks. These circumstances, while unenjoyable, may be hiding the actual problems with today’s market. The unforeseen circumstances of today are no different than the past. Brad S. Gregory’s book, "Rebel in the Ranks," reminds us that history ultimately exposes problems through the seeking of truth. His book captures the reformation, starting with the precursory situation for an unknown Augustinian friar by the name of Martin Luther. The opening jab for Luther’s argument was the practice of people paying indulgences. Luther didn’t believe it was grounded in the Bible, despite

1798 Views    Smead Capital Management    2020-03-10 18:18
Guru stock highlight

Mastercard (MA) reported a strong result in 2019. Net revenue grew 16% on a currency-neutral basis. With operating leverage, a lower tax rate and share buybacks, diluted earnings per share grew 23% on a currency-neutral basis. We continue to believe the longstanding secular tailwinds for Mastercard remain intact.At the same time, we continue to monitor potential technological threats as well as regulatory and legal developments in various geographies. Taken altogether, we believe Mastercard’s current valuation is fair for a superior business with a history of positive surprises. We nonetheless trimmed our position during the year as the stock price

21 Views    Sydnee Gatewood    2020-03-03 17:46
Guru stock highlight

MasterCard Inc. (MA) (1.6%) (MA – $298.59 – NYSE) is one of the largest electronic payments processing companies, providing services in more than 210 countries and territories. It continues to capitalize on the strong secular global trend of moving to electronic payments from traditional paper. For all of 2018, clients charged approximately $4.3 trillion. At the end of September 2019, cards in force totaled over 2.1 billion. Longer term, MasterCard is well positioned to increase revenue due to global growth in personal incomes, rapid increase in commerce, and movement to electronic payments.

From [url=https://www.gurufocus.com/StockBuy.php?GuruName=Mario+Gabelli]Mario Gabelli[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=Mario+Gabelli]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=Mario+Gabelli]Portfolio[/url])'s Gabelli

55 Views    Sydnee Gatewood    2020-03-02 23:27
Guru stock highlight

Mastercard (MA) (1.6%), one of the largest electronic payments processing companies, providing services in more than 210 countries and territories. It continues to capitalize on the strong secular global trend of moving to electronic payments from traditional paper.

From [url=https://www.gurufocus.com/StockBuy.php?GuruName=Mario+Gabelli]Mario Gabelli[/url] ([url=https://www.gurufocus.com/StockBuy.php?GuruName=Mario+Gabelli]Trades[/url], [url=https://www.gurufocus.com/holdings.php?GuruName=Mario+Gabelli]Portfolio[/url])'s Gabelli Asset Fund 2019 annual shareholder letter.

16 Views    Sydnee Gatewood    2020-03-02 21:59
Discussion of markets and holdings

To Our Shareholders,

For the year ended December 31, 2019, the net asset value (NAV) per class AAA Share of The Gabelli Asset Fund increased 22.4% compared with an increase of 31.5% for the Standard & Poor’s (S&P) 500 Index. Other classes of shares are available. See page 3 for the performance information for all classes.

Enclosed are the financial statements, including the schedule of investments, as of December 31, 2019.

Performance Discussion (Unaudited)

The Fund primarily seeks to provide growth of capital. The Fund’s secondary goal is to provide current income.

The Fund’s investment strategy is to primarily invest

35 Views    Sydnee Gatewood    2020-03-02 21:52
A basic explanation

During the market turmoil in February 2018, I briefed my following recommendation to "average" equity investors who were having trouble sleeping due to investment-related anxiety:

"1. Consistently buy a low-cost broad stock market index fund, such as the S&P 500 ETF (SPY), no matter what happens in the market;

2. Never be panic selling;

3. Don't even think about market timing or stock picking;

4. Avoid handling equity investment by yourself in case 1, 2, or 3 cannot be achieved."

Fast forward to today, and those who have done these simple steps (the first three in particular) without

1327 Views    Steven Chen    2020-03-02 19:27
A quick-and-dirty approach to help uncover some businesses' sustainable competitive advantages

“There is an enormous difference between perfect competition and monopoly, and most businesses are much closer to one extreme than we commonly realize.”

- Peter Thiel

Legendary investor Peter Thiel thinks that a business is either facing a perfect competition or has a monopoly position in the market. Assuming this is true, investors should look only for the latter kind of company to invest in, as no company makes a durable economic profit without a lasting competitive advantage.

However, it is understandable that the management from either side has an interest in “confusing” the public; businesses without

572 Views    Steven Chen    2020-02-26 17:55
Guru stock highlight

Mastercard (MA)
The strength of the U.S. economy continued to drive growth in the top and bottom lines for Mastercard. Gross dollar volume for the most recent quarter was up over 10%. Management runs an asset-light business which gives the company the flexibility to acquire new companies and technologies to grow their reach. The company recently acquired the cybersecurity firm RiskRecon as growth in digital transactions will require more secure systems. Even as digital payments continue to grow, cash is still the most widely used form of payment in the world which signifies the massive potential for

29 Views    Sydnee Gatewood    2020-02-11 20:40
Discussion of markets and holdings

Winter 2019 Market Commentary

In the fourth quarter, the combination of a US-China trade deal, a resolution of Brexit and sharp declines in interest rates provided strong tailwinds for equities both domestic and international. A record low unemployment rate, declining energy prices and historically low borrowing costs have aided consumer spending and the service sector. Long-term interest rates, as measured by the 30-year Treasury bond, declined from 3.02% at the end of 2018 to 2.39% as of December 31, 2019. Rock bottom interest rates led to a refinancing boom which accounted for 38% of mortgage originations in 2019 (WSJ). Declining

73 Views    Sydnee Gatewood    2020-02-11 20:20
One of Warren Buffett’s favorite categories of investments

“In an inflationary world, a toll bridge would be a great thing to own because you’ve laid out the capital costs. You built it in old dollars, and you don’t have to keep replacing it.” - Warren Buffett (Trades, Portfolio)

Toll-bridge businesses are one of Warren Buffett (Trades, Portfolio)’s favorite investments. As a matter of fact, in the late 1970s, Buffett once bought shares of the Detroit International Bridge Company, the only toll bridge owned by equity investors in the U.S. at the time, through Blue Chip Stamps, a Berkshire

596 Views    Steven Chen    2020-02-11 15:30
A multi-layer moat with a multi-cylinder growth engine

New York-based MasterCard (MA) and California-based Visa (V) are the two leading players of the four-company oligopoly of payment processing outside of China. They are also the only two “pure plays” in the space, unlike American Express (AXP) and Discover (DFS), both of which also issue their own cards to end-users.

Unarguably, both names symbolize quality and growth and, in our view, belong to the scarce species of “wonderful businesses.” As you can see below, MasterCard and Visa consistently generated high free cash return on assets while increasing the top-line year-over-year by between 2% and 21% every year for the

722 Views    Steven Chen    2020-02-10 15:31
Discussion of markets and holdings

The Partners III Opportunity Fund’s Institutional Class returned +5.19% in the fourth quarter compared to +9.07% for the S&P 500 and +9.10% for the Russell 3000. For the year, the Partners III Opportunity Fund’s Institutional Class returned +34.22% compared to +31.49% for the S&P 500 and +31.02% for the Russell 3000.

While one- year returns are not as important as the longer-term results (see performance table), we are pleased to report a very good year in both absolute and relative terms. A full accounting of the Fund’s top contributors and detractors for the quarter and the year is available on

80 Views    Sydnee Gatewood    2020-02-07 22:43
The credit services provider continued to grow and diversify, but disappointed investors following Mastercard beat

After the market closed on Jan. 30, Visa Inc. (V) reported earnings for its first quarter of fiscal 2020. The results missed analyst estimates by a hair, causing Visa’s stock to slide 3% in after-hours trading.

Earnings per share came in at $1.46 on net income of $3.3 billion, which was in line with analyst estimates and represents an increase of 12% compared to the prior-year quarter. Revenue was $6.05 billion, missing predictions of $6.06 billion and increasing 10% compared to the prior-year quarter.

Visa’s rival Mastercard Inc. (MA) surpassed analysts' revenue and earnings expectations when it reported its fiscal

272 Views    Margaret Moran    2020-01-31 20:52
When you find a company with a deep competitive moat, stick with the management team that got them there

"When you have to make a choice and don’t make it, that is in itself a choice."

- William James

One evening a Cherokee elder told his grandson about a battle that goes on inside people. He said, “My son, the battle is between two “wolves” inside us all. One is Evil. It is anger, envy, jealousy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority, and ego. The other is Good. It is joy, peace, love, hope, serenity, humility, kindness, benevolence, empathy, generosity, truth, compassion, and faith.” The grandson thought about

717 Views    Thomas Macpherson    2020-01-31 16:41
Acquisitions will help the company remain an industry leader

Before the market opened on Jan. 29, Mastercard Inc. (MA) reported its earnings for fourth-quarter and full-year 2019.

For the quarter, the credit services company announced revenue of $4.41 billion, net income of $2.10 billion and GAAP diluted earnings per share of $2.07, compared to revenue of $3.8 billion, net income of $0.89 billion and GAAP earnings of 87 cents per share in the prior-year quarter. On average, analysts were predicting revenue of $4.40 billion and earnings of $1.87 per share.

Revenue for the full year was $16.9 billion compared to $15.0 billion in 2018, while net income came in

121 Views    Margaret Moran    2020-01-29 20:28

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2020-04-03 $ 237.03 (-0.77%)
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