Mastercard Incorporated $MA Shares Purchased by Tredje AP fonden

Tredje AP fonden increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 12.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 455,876 shares of the credit services provider’s stock after purchasing an additional 51,485 shares during the quarter. Mastercard accounts for approximately 2.0% of Tredje AP fonden’s holdings, making the stock its 9th biggest position. Tredje AP fonden owned approximately 0.05% of Mastercard worth $256,175,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MA. LGT Financial Advisors LLC acquired a new stake in shares of Mastercard during the second quarter worth $25,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Mastercard during the second quarter worth $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard in the first quarter valued at $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard in the first quarter valued at $31,000. Finally, IMG Wealth Management Inc. acquired a new stake in Mastercard in the second quarter valued at $31,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MA has been the subject of a number of recent analyst reports. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Morgan Stanley set a $665.00 target price on Mastercard and gave the company an “overweight” rating in a report on Friday. TD Cowen reissued a “buy” rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $647.89.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction dated 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 approximately $18,459,294. This trade represents a 35.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Mastercard Trading Down 0.2%

Mastercard stock opened at $552.59 on Friday. The stock has a market cap of $499.54 billion, a PE ratio of 37.26, a P/E/G ratio of 2.27 and a beta of 0.97. The stock has a 50-day moving average price of $576.43 and a 200 day moving average price of $568.06. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The firm had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.89 EPS. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

Mastercard Company 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.