Sumitomo Mitsui DS Asset Management Company Ltd Has $62.30 Million Stock Position in Mastercard Incorporated $MA

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,862 shares of the credit services provider’s stock after purchasing an additional 4,091 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Mastercard were worth $62,298,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Flaharty Asset Management LLC acquired a new stake in Mastercard in the first quarter valued at $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard in the 1st quarter valued at about $31,000. 10Elms LLP acquired a new stake in Mastercard in the 4th quarter valued at about $33,000. Hughes Financial Services LLC acquired a new stake in Mastercard in the 1st quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC bought a new position in Mastercard during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the transaction, the insider owned 23,624 shares of the company’s stock, valued at approximately $13,229,440. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,094 shares of company stock worth $26,521,861. 0.09% of the stock is owned by company insiders.

Mastercard Trading Up 2.0%

Shares of NYSE:MA opened at $597.99 on Thursday. The business’s 50 day simple moving average is $576.11 and its 200 day simple moving average is $558.80. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $540.59 billion, a P/E ratio of 40.32, a P/E/G ratio of 2.40 and a beta of 0.99.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.50 EPS. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MA. Morgan Stanley raised their price objective on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Royal Bank Of Canada raised their price target on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Truist Financial decreased their price objective on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Friday, July 18th. Finally, Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $630.89.

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.