Triglav Investments D.O.O. Has $25.73 Million Position in Mastercard Incorporated $MA

Triglav Investments D.O.O. lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,783 shares of the credit services provider’s stock after acquiring an additional 2,425 shares during the period. Mastercard makes up about 1.9% of Triglav Investments D.O.O.’s portfolio, making the stock its 15th largest holding. Triglav Investments D.O.O.’s holdings in Mastercard were worth $25,725,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. LGT Financial Advisors LLC acquired a new stake in shares of Mastercard in the 2nd quarter valued at $25,000. Family Legacy Financial Solutions LLC acquired a new stake in Mastercard in the second quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard in the first quarter valued at about $27,000. Keystone Global Partners LLC bought a new position in Mastercard in the first quarter valued at about $31,000. Finally, IMG Wealth Management Inc. acquired a new position in Mastercard during the second quarter worth about $31,000. 97.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MA has been the topic of a number of research analyst reports. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Morgan Stanley set a $665.00 target price on shares of Mastercard and gave the stock an “overweight” rating in a research note on Friday. UBS Group upped their price target on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial set a $638.00 price objective on Mastercard in a report on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and an average target price of $647.89.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by insiders.

Mastercard Stock Performance

Shares of Mastercard stock opened at $552.59 on Friday. The stock has a market cap of $499.54 billion, a price-to-earnings ratio of 37.26, a P/E/G ratio of 2.27 and a beta of 0.97. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company’s fifty day moving average is $576.43 and its 200 day moving average is $568.06. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.31 by $0.07. The business had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the company earned $3.89 EPS. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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 paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s payout ratio 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.