Generali Investments CEE investicni spolecnost a.s. Decreases Stock Position in Mastercard Incorporated $MA

Generali Investments CEE investicni spolecnost a.s. cut its stake in Mastercard Incorporated (NYSE:MA) by 2.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,703 shares of the credit services provider’s stock after selling 399 shares during the period. Mastercard comprises about 0.8% of Generali Investments CEE investicni spolecnost a.s.’s holdings, making the stock its 28th largest holding. Generali Investments CEE investicni spolecnost a.s.’s holdings in Mastercard were worth $9,386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MA. Kingstone Capital Partners Texas LLC purchased a new position in Mastercard in the second quarter valued at $11,421,213,000. Nuveen LLC purchased a new position in Mastercard in the first quarter valued at $4,238,764,000. Wellington Management Group LLP boosted its holdings in Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Mastercard by 3,493.6% in the second quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock valued at $524,914,000 after purchasing an additional 908,116 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Mastercard by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after purchasing an additional 907,184 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of MA stock opened at $569.29 on Wednesday. The stock has a market capitalization of $514.64 billion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 2.33 and a beta of 0.99. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The stock’s 50-day moving average price is $579.48 and its 200 day moving average price is $560.91. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 EPS. As a group, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s payout ratio is 20.50%.

Insider Activity

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,391 shares of company stock worth $20,836,514 in the last 90 days. 0.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MA. Wells Fargo & Company lifted their price target on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 price target for the company. Truist Financial decreased their price target on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Finally, Wolfe Research set a $655.00 price target on Mastercard in a report on Monday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $630.89.

Mastercard Profile

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.