DJE Kapital AG Has $18.15 Million Stock Holdings in Mastercard Incorporated $MA

DJE Kapital AG decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 70.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,391 shares of the credit services provider’s stock after selling 88,290 shares during the period. DJE Kapital AG’s holdings in Mastercard were worth $18,150,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MA. J. Stern & Co. LLP lifted its stake in Mastercard by 53,535.0% in the fourth quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock valued at $41,444,231,000 after buying an additional 72,461,743 shares during the period. Norges Bank bought a new position in shares of Mastercard during the 4th quarter worth approximately $6,705,708,000. Cardano Risk Management B.V. grew its position in shares of Mastercard by 861.6% during the 4th quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider’s stock worth $2,324,743,000 after buying an additional 3,648,748 shares during the period. State Street Corp grew its position in shares of Mastercard by 2.8% during the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after buying an additional 997,536 shares during the period. Finally, Cibc World Markets Corp bought a new stake in shares of Mastercard in the 4th quarter valued at $497,311,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 0.7%

Shares of NYSE MA opened at $547.58 on Tuesday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The company has a 50-day moving average price of $504.99 and a 200-day moving average price of $515.59. The stock has a market capitalization of $483.83 billion, a P/E ratio of 31.69, a P/E/G ratio of 1.70 and a beta of 0.73. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.77.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same quarter in the prior year, the business posted $3.73 EPS. The firm’s revenue was up 15.8% compared to the same quarter last year. On average, equities research analysts forecast that Mastercard Incorporated will post 19.62 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s payout ratio is currently 20.14%.

Analysts Set New Price Targets

MA has been the topic of a number of research reports. TD Cowen dropped their target price on shares of Mastercard from $671.00 to $664.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. BMO Capital Markets started coverage on shares of Mastercard in a report on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price target for the company. Truist Financial decreased their price target on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Citigroup dropped their price objective on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, UBS Group reissued a “buy” rating on shares of Mastercard in a research report on Thursday, June 25th. Eight analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and an average price target of $653.92.

Insider Buying and Selling

In other news, insider Raj Seshadri sold 1,977 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $529.73, for a total value of $1,047,276.21. Following the completion of the sale, the insider directly owned 16,429 shares of the company’s stock, valued at $8,702,934.17. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $540.00, for a total value of $108,000.00. Following the completion of the transaction, the insider owned 3,322 shares in the company, valued at $1,793,880. This represents a 5.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,005 shares of company stock valued at $3,689,976 over the last three months. Corporate insiders own 0.09% of the company’s stock.

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.