CCLA Investment Management Has $137.65 Million Stock Position in Mastercard Incorporated $MA

CCLA Investment Management boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 245,076 shares of the credit services provider’s stock after buying an additional 15,722 shares during the period. Mastercard makes up about 0.1% of CCLA Investment Management’s holdings, making the stock its 22nd biggest position. CCLA Investment Management’s holdings in Mastercard were worth $137,646,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its position in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the last quarter. Golden State Wealth Management LLC increased its position in Mastercard by 2.5% in the 1st quarter. Golden State Wealth Management LLC now owns 1,157 shares of the credit services provider’s stock worth $635,000 after purchasing an additional 28 shares during the last quarter. CFM Wealth Partners LLC increased its position in Mastercard by 4.8% in the 1st quarter. CFM Wealth Partners LLC now owns 15,391 shares of the credit services provider’s stock worth $8,436,000 after purchasing an additional 701 shares during the last quarter. K.J. Harrison & Partners Inc increased its position in Mastercard by 0.7% in the 1st quarter. K.J. Harrison & Partners Inc now owns 10,426 shares of the credit services provider’s stock worth $5,715,000 after purchasing an additional 68 shares during the last quarter. Finally, TBH Global Asset Management LLC increased its position in Mastercard by 8.6% in the 1st quarter. TBH Global Asset Management LLC now owns 20,246 shares of the credit services provider’s stock worth $11,097,000 after purchasing an additional 1,595 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, 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 through this link. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MA has been the topic of several research reports. Truist Financial set a $638.00 target price on Mastercard in a research report on Friday. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price on the stock. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. TD Cowen reaffirmed a “buy” rating and issued a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Finally, Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Five analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Mastercard currently has a consensus rating of “Buy” and an average target price of $638.96.

Mastercard Stock Performance

MA opened at $573.72 on Monday. The company has a market cap of $518.65 billion, a PE ratio of 38.69, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97. The stock has a 50-day moving average of $579.51 and a 200-day moving average of $566.36. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last announced its earnings results 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. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the prior year, the company earned $3.50 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s dividend payout ratio is presently 20.50%.

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.