Heathbridge Capital Management Ltd. acquired a new stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) 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 – Get Free Report) 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.
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