Y.D. More Investments Ltd Sells 2,942 Shares of Mastercard Incorporated $MA

Y.D. More Investments Ltd trimmed its stake in Mastercard Incorporated (NYSE:MA) by 21.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,685 shares of the credit services provider’s stock after selling 2,942 shares during the period. Y.D. More Investments Ltd’s holdings in Mastercard were worth $6,004,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MA. Kingstone Capital Partners Texas LLC bought a new position in Mastercard in the second quarter worth approximately $11,421,213,000. Nuveen LLC purchased a new stake in shares of Mastercard in the 1st quarter worth $4,238,764,000. Wellington Management Group LLP grew its position in shares of Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after buying an additional 3,765,378 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Mastercard by 25.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,372,404 shares of the credit services provider’s stock valued at $3,580,909,000 after buying an additional 1,299,977 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of 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 acquiring an additional 908,116 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 trade represents a 35.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by company insiders.

Mastercard Stock Performance

Shares of MA opened at $545.31 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a market cap of $489.68 billion, a PE ratio of 36.77, a P/E/G ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock has a fifty day moving average price of $568.49 and a 200-day moving average price of $569.93.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same period in the prior year, the company posted $3.89 EPS. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal 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 given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

Analyst Ratings Changes

Several research analysts have issued reports on MA shares. Wells Fargo & Company dropped their target price on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Truist Financial dropped their price objective on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Morgan Stanley set a $665.00 target price on Mastercard and gave the company an “overweight” rating in a research report on Friday, October 31st. Finally, Compass Point set a $620.00 price target on Mastercard and gave the company a “neutral” rating in a report on Friday, October 31st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $652.50.

About Mastercard

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.