Heathbridge Capital Management Ltd. Invests $206,000 in Mastercard Incorporated (NYSE:MA)

Heathbridge Capital Management Ltd. acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 525 shares of the credit services provider’s stock, valued at approximately $206,000. Mastercard comprises about 0.1% of Heathbridge Capital Management Ltd.’s investment portfolio, making the stock its 26th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of MA. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Mastercard by 98,203.6% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 825,436,694 shares of the credit services provider’s stock valued at $324,644,252,000 after acquiring an additional 824,597,013 shares during the last quarter. State Street Corp boosted its stake in shares of Mastercard by 1.4% in the 2nd quarter. State Street Corp now owns 35,255,582 shares of the credit services provider’s stock worth $13,866,020,000 after buying an additional 495,768 shares during the last quarter. Capital International Investors grew its holdings in shares of Mastercard by 6.8% in the second quarter. Capital International Investors now owns 19,377,705 shares of the credit services provider’s stock worth $7,620,937,000 after acquiring an additional 1,240,661 shares during the period. Geode Capital Management LLC grew its stake in shares of Mastercard by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 16,643,273 shares of the credit services provider’s stock valued at $6,529,235,000 after purchasing an additional 274,679 shares during the period. Finally, Morgan Stanley increased its holdings in Mastercard by 17.7% during the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock valued at $5,509,328,000 after buying an additional 2,385,640 shares during the last quarter. 74.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. HSBC began coverage on shares of Mastercard in a report on Friday, October 13th. They issued a “hold” rating and a $424.00 target price for the company. JPMorgan Chase & Co. decreased their price target on shares of Mastercard from $510.00 to $496.00 and set an “overweight” rating on the stock in a research note on Monday, October 9th. Morgan Stanley reduced their target price on shares of Mastercard from $443.00 to $439.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. BMO Capital Markets dropped their price target on shares of Mastercard from $488.00 to $472.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Finally, Citigroup increased their price objective on shares of Mastercard from $440.00 to $455.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $450.09.

Insider Activity at Mastercard

In other Mastercard news, insider Hai Ling sold 3,324 shares of Mastercard stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $415.00, for a total transaction of $1,379,460.00. Following the completion of the sale, the insider now owns 17,577 shares of the company’s stock, valued at approximately $7,294,455. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Mastercard news, insider Ajay Bhalla sold 4,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $413.13, for a total transaction of $1,652,520.00. Following the transaction, the insider now owns 6,235 shares of the company’s stock, valued at $2,575,865.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hai Ling sold 3,324 shares of Mastercard stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $415.00, for a total transaction of $1,379,460.00. Following the transaction, the insider now directly owns 17,577 shares in the company, valued at $7,294,455. The disclosure for this sale can be found here. Insiders have sold a total of 533,424 shares of company stock valued at $206,051,295 in the last ninety days. Company insiders own 0.13% of the company’s stock.

Mastercard Stock Up 0.8 %

Mastercard stock traded up $3.02 during mid-day trading on Monday, reaching $403.32. 1,360,874 shares of the company were exchanged, compared to its average volume of 2,648,513. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $378.22 billion, a P/E ratio of 34.96, a PEG ratio of 1.79 and a beta of 1.08. The business has a fifty day moving average of $395.21 and a 200 day moving average of $391.66. Mastercard Incorporated has a 12-month low of $336.43 and a 12-month high of $418.60.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 26th. The credit services provider reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates of $3.21 by $0.18. Mastercard had a return on equity of 188.83% and a net margin of 44.85%. The firm had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.53 billion. During the same period in the prior year, the business posted $2.68 EPS. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. Research analysts anticipate that Mastercard Incorporated will post 12.16 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Monday, October 9th were paid a dividend of $0.57 per share. The ex-dividend date was Thursday, October 5th. This represents a $2.28 annualized dividend and a dividend yield of 0.57%. Mastercard’s payout ratio is currently 19.86%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.