Mastercard Incorporated $MA Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Mastercard Incorporated (NYSE:MA) by 1.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,475,807 shares of the credit services provider’s stock after buying an additional 931,132 shares during the period. Mastercard accounts for 0.7% of Vanguard Group Inc.’s portfolio, making the stock its 16th biggest holding. Vanguard Group Inc. owned about 8.68% of Mastercard worth $44,098,695,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC bought a new stake in Mastercard during the second quarter worth approximately $11,421,213,000. Price T Rowe Associates Inc. MD increased its position in shares of Mastercard by 4.7% during the 1st 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. Geode Capital Management LLC increased its position in shares of Mastercard by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock valued at $11,062,509,000 after purchasing an additional 542,841 shares during the period. Wellington Management Group LLP raised its stake in shares of Mastercard by 38.6% in 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. Finally, Nuveen LLC acquired a new stake in shares of Mastercard in the first quarter valued at $4,238,764,000. 97.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on MA. Morgan Stanley set a $665.00 target price on Mastercard and gave the stock an “overweight” rating in a report on Friday, October 31st. The Goldman Sachs Group restated a “buy” rating and set a $713.00 price objective on shares of Mastercard in a research report on Thursday, October 30th. Cowen reiterated a “buy” rating on shares of Mastercard in a report on Friday, October 31st. Truist Financial reduced their target price on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a report on Tuesday, November 4th. Finally, Macquarie lifted their price target on shares of Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $652.50.

Mastercard Stock Down 1.6%

Shares of NYSE:MA opened at $537.20 on Tuesday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $482.40 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The firm has a 50 day simple moving average of $567.48 and a 200 day simple moving average of $570.02.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.31 by $0.07. The firm 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 quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.89 EPS. As a group, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

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.