Sprott Inc. boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,300 shares of the credit services provider’s stock after buying an additional 500 shares during the period. Sprott Inc.’s holdings in Mastercard were worth $2,171,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MA. Ameriprise Financial Inc. increased its position in shares of Mastercard by 6.2% in the first quarter. Ameriprise Financial Inc. now owns 10,168,300 shares of the credit services provider’s stock valued at $1,143,636,000 after buying an additional 591,427 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Mastercard by 1.4% in the first quarter. Canada Pension Plan Investment Board now owns 8,409,658 shares of the credit services provider’s stock valued at $945,834,000 after buying an additional 114,900 shares during the period. Norges Bank acquired a new position in shares of Mastercard during the fourth quarter valued at $857,217,000. UBS Asset Management Americas Inc. increased its position in shares of Mastercard by 24.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 5,983,482 shares of the credit services provider’s stock valued at $617,794,000 after buying an additional 1,182,995 shares during the period. Finally, Vontobel Asset Management Inc. increased its position in shares of Mastercard by 7.7% in the first quarter. Vontobel Asset Management Inc. now owns 5,258,921 shares of the credit services provider’s stock valued at $606,105,000 after buying an additional 376,369 shares during the period. 75.76% of the stock is owned by institutional investors and hedge funds.

Mastercard Incorporated (MA) traded down 0.41% during midday trading on Tuesday, reaching $129.84. The company’s stock had a trading volume of 2,057,993 shares. The company’s 50-day moving average is $125.68 and its 200 day moving average is $116.78. Mastercard Incorporated has a 52 week low of $94.41 and a 52 week high of $132.20. The firm has a market capitalization of $138.27 billion, a P/E ratio of 32.22 and a beta of 1.17.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.96 EPS. Analysts expect that Mastercard Incorporated will post $4.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Friday, July 7th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Wednesday, July 5th. Mastercard’s dividend payout ratio is presently 21.78%.

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Several research analysts recently weighed in on the company. BidaskClub downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Cowen and Company reaffirmed an “outperform” rating and set a $137.00 price target (up previously from $129.00) on shares of Mastercard in a research report on Sunday, July 30th. BMO Capital Markets lifted their price target on Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Loop Capital lifted their price target on Mastercard from $132.00 to $144.00 and gave the stock a “positive” rating in a research report on Friday, July 28th. They noted that the move was a valuation call. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $147.00 price target (up previously from $140.00) on shares of Mastercard in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $128.20.

In related news, major shareholder Foundation Mastercard sold 29,206 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $127.63, for a total transaction of $3,727,561.78. Following the completion of the sale, the insider now owns 112,649,063 shares of the company’s stock, valued at approximately $14,377,399,910.69. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the transaction, the chief financial officer now owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 762,845 shares of company stock valued at $98,241,535. Insiders own 0.30% of the company’s stock.

About Mastercard

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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