Mastercard Incorporated (NYSE:MA) is In Depth Partners LLC’s 5th Largest Position

In Depth Partners LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,855 shares of the credit services provider’s stock after acquiring an additional 719 shares during the quarter. Mastercard accounts for approximately 10.2% of In Depth Partners LLC’s portfolio, making the stock its 5th largest holding. In Depth Partners LLC’s holdings in Mastercard were worth $12,933,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Mastercard during the fourth quarter worth about $4,595,559,000. International Assets Investment Management LLC grew its position in Mastercard by 43,445.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after buying an additional 2,929,940 shares during the period. Vanguard Group Inc. grew its position in Mastercard by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after buying an additional 742,076 shares during the period. Capital International Investors grew its position in Mastercard by 3.3% during the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after buying an additional 676,452 shares during the period. Finally, Capital Research Global Investors grew its position in Mastercard by 4.7% during the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after buying an additional 605,909 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 122,000 shares of Mastercard stock in a transaction on Friday, May 17th. The shares were sold at an average price of $460.20, for a total transaction of $56,144,400.00. Following the transaction, the insider now owns 94,971,308 shares in the company, valued at approximately $43,705,795,941.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total transaction of $136,200.00. Following the sale, the insider now owns 3,463 shares of the company’s stock, valued at approximately $1,572,202. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 122,000 shares of Mastercard stock in a transaction on Friday, May 17th. The stock was sold at an average price of $460.20, for a total transaction of $56,144,400.00. Following the sale, the insider now directly owns 94,971,308 shares in the company, valued at approximately $43,705,795,941.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,720,228 shares of company stock worth $1,224,758,080. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on MA shares. Evercore ISI lowered their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. TD Cowen started coverage on shares of Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target on the stock. Morgan Stanley lowered their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Mizuho lowered their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Mastercard from $510.00 to $500.00 and set an “overweight” rating on the stock in a research report on Thursday, July 18th. Three research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $501.23.

Mastercard Trading Up 1.4 %

Shares of MA traded up $6.15 during mid-day trading on Tuesday, reaching $447.45. The company had a trading volume of 2,261,106 shares, compared to its average volume of 2,488,075. The stock has a market cap of $415.95 billion, a price-to-earnings ratio of 35.57, a price-to-earnings-growth ratio of 1.73 and a beta of 1.09. The firm has a fifty day simple moving average of $445.90 and a 200-day simple moving average of $456.31. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. Mastercard’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $2.80 EPS. On average, sell-side analysts anticipate that Mastercard Incorporated will post 14.25 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.59%. Mastercard’s payout ratio is 20.99%.

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.