Sava Infond d.o.o. Buys 300 Shares of Mastercard Incorporated $MA

Sava Infond d.o.o. grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,195 shares of the credit services provider’s stock after buying an additional 300 shares during the quarter. Mastercard accounts for approximately 0.8% of Sava Infond d.o.o.’s portfolio, making the stock its 25th largest holding. Sava Infond d.o.o.’s holdings in Mastercard were worth $5,167,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MA. Brighton Jones LLC boosted its holdings in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the period. Apella Capital LLC purchased a new stake in shares of Mastercard during the first quarter worth about $337,000. Matrix Trust Co boosted its holdings in shares of Mastercard by 35.6% during the first quarter. Matrix Trust Co now owns 411 shares of the credit services provider’s stock worth $225,000 after purchasing an additional 108 shares during the period. Breakwater Capital Group boosted its holdings in shares of Mastercard by 6.3% during the first quarter. Breakwater Capital Group now owns 1,142 shares of the credit services provider’s stock worth $626,000 after purchasing an additional 68 shares during the period. Finally, Annex Advisory Services LLC boosted its holdings in shares of Mastercard by 18.8% during the first quarter. Annex Advisory Services LLC now owns 1,615 shares of the credit services provider’s stock worth $885,000 after purchasing an additional 256 shares during the period. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of research firms have recently weighed in on MA. Royal Bank Of Canada increased their target price on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Wolfe Research set a $655.00 price objective on shares of Mastercard in a report on Monday, June 23rd. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Mastercard has a consensus rating of “Buy” and an average price target of $630.89.

Mastercard Stock Performance

Shares of MA opened at $581.08 on Friday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a 50-day simple moving average of $580.26 and a two-hundred day simple moving average of $561.67. The firm has a market capitalization of $525.30 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter last year, the firm earned $3.50 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

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.