Titan Global Capital Management USA LLC Raises Position in Mastercard Incorporated $MA

Titan Global Capital Management USA LLC increased its position in Mastercard Incorporated (NYSE:MA) by 8.4% in the second quarter, Holdings Channel reports. The firm owned 58,817 shares of the credit services provider’s stock after purchasing an additional 4,550 shares during the quarter. Mastercard accounts for 5.2% of Titan Global Capital Management USA LLC’s holdings, making the stock its 6th biggest holding. Titan Global Capital Management USA LLC’s holdings in Mastercard were worth $33,052,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Mastercard by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock valued at $42,503,787,000 after acquiring an additional 365,537 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Mastercard during the second quarter valued at $11,421,213,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Mastercard by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after purchasing an additional 907,184 shares during the period. Wellington Management Group LLP raised its holdings in shares of Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares during the period. Finally, Nuveen LLC bought a new position in shares of Mastercard in the 1st quarter worth about $4,238,764,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Compass Point set a $620.00 target price on Mastercard and gave the company a “neutral” rating in a report on Friday, October 31st. Truist Financial cut their price target on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a report on Tuesday. UBS Group boosted their price objective on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price on the stock. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $649.26.

Mastercard Trading Down 0.2%

Shares of MA stock opened at $551.98 on Friday. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The firm has a market capitalization of $499.00 billion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The stock has a fifty day moving average of $572.24 and a two-hundred day moving average of $568.95. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The business had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.89 earnings per share. As a group, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

Mastercard Company 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.