Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Raises Holdings in Mastercard Incorporated $MA

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. increased its position in Mastercard Incorporated (NYSE:MA) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,432 shares of the credit services provider’s stock after buying an additional 409 shares during the period. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s holdings in Mastercard were worth $4,738,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Accredited Investors Inc. grew its stake in shares of Mastercard by 2.6% in the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock worth $394,000 after buying an additional 18 shares in the last quarter. Wealthstream Advisors Inc. grew its position in Mastercard by 2.9% in the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock worth $347,000 after acquiring an additional 18 shares in the last quarter. KRS Capital Management LLC boosted its holdings in shares of Mastercard by 0.6% in the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after purchasing an additional 18 shares during the period. Pinion Investment Advisors LLC increased its position in shares of Mastercard by 0.8% during the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock valued at $1,276,000 after purchasing an additional 18 shares during the last quarter. Finally, Phillips Wealth Planners LLC raised its holdings in Mastercard by 1.8% during the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock valued at $538,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MA. Morgan Stanley boosted their price objective on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a report on Wednesday. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Robert W. Baird increased their price target on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Finally, TD Cowen restated a “buy” rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $634.04.

Mastercard Stock Performance

Shares of NYSE:MA opened at $556.80 on Friday. The firm has a 50 day moving average of $581.01 and a 200 day moving average of $562.86. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $503.35 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

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

Mastercard Dividend Announcement

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. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s payout ratio is currently 20.50%.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

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.