Mastercard Incorporated $MA Shares Acquired by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. raised its position in Mastercard Incorporated (NYSE:MA) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,974 shares of the credit services provider’s stock after buying an additional 2,400 shares during the quarter. Mastercard accounts for 1.0% of Mn Services Vermogensbeheer B.V.’s holdings, making the stock its 22nd biggest holding. Mn Services Vermogensbeheer B.V.’s holdings in Mastercard were worth $132,890,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cardano Risk Management B.V. grew its stake in shares of Mastercard by 861.6% in the fourth quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider’s stock valued at $2,324,743,000 after acquiring an additional 3,648,748 shares in the last quarter. Fundsmith LLP bought a new stake in Mastercard in the 2nd quarter valued at about $639,458,000. Corient Private Wealth LP grew its position in shares of Mastercard by 147.2% during the 2nd quarter. Corient Private Wealth LP now owns 1,682,183 shares of the credit services provider’s stock worth $863,969,000 after purchasing an additional 1,001,671 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Mastercard by 30.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,111,652 shares of the credit services provider’s stock worth $1,776,380,000 after purchasing an additional 733,101 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Mastercard by 295.8% during the second quarter. Assenagon Asset Management S.A. now owns 860,011 shares of the credit services provider’s stock worth $441,702,000 after purchasing an additional 642,724 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, CEO Michael Miebach sold 15,372 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $575.00, for a total value of $8,838,900.00. Following the sale, the chief executive officer directly owned 93,693 shares in the company, valued at approximately $53,873,475. This trade represents a 14.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Linda Kirkpatrick sold 4,280 shares of Mastercard stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $570.31, for a total transaction of $2,440,926.80. Following the sale, the insider directly owned 31,179 shares in the company, valued at $17,781,695.49. This trade represents a 12.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 67,618 shares of company stock valued at $38,854,630 over the last ninety days. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Performance

Shares of NYSE:MA opened at $574.83 on Friday. Mastercard Incorporated has a 1 year low of $464.52 and a 1 year high of $601.23. The stock has a market capitalization of $503.56 billion, a price-to-earnings ratio of 31.62, a price-to-earnings-growth ratio of 1.63 and a beta of 0.76. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50 day simple moving average is $571.96 and its 200 day simple moving average is $530.74.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, topping the consensus estimate of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.08 billion. During the same period in the prior year, the company earned $4.15 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, research analysts predict that Mastercard Incorporated will post 19.9 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Friday, October 9th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, October 9th. Mastercard’s dividend payout ratio is currently 19.14%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MA. TD Cowen lifted their price target on shares of Mastercard from $664.00 to $667.00 and gave the company a “buy” rating in a research report on Friday, July 31st. KeyCorp raised their price objective on Mastercard from $670.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. lifted their price objective on Mastercard from $655.00 to $720.00 and gave the company an “overweight” rating in a report on Friday, July 31st. UBS Group upped their target price on Mastercard from $640.00 to $670.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Barclays increased their target price on Mastercard from $640.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $680.00.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: SoFi launched stablecoin-based card settlement on Mastercard’s network and is projecting more than $25 billion in annual volume. The initiative could strengthen Mastercard’s role in institutional digital-asset payments and create additional transaction revenue. SoFi launches stablecoin card settlement on Mastercard
• Positive Sentiment: Mastercard is expanding offline payment capabilities across Europe, allowing transactions to continue during power or network outages. The feature may improve network resilience and customer value. Mastercard offline payments in Europe
• Positive Sentiment: New collaborations in Bahrain and with gaming platform Tamatem are expanding Mastercard’s small-business, digital-commerce and gaming payment reach in the Middle East. Mastercard and stc pay Bahrain collaboration Mastercard and Tamatem gaming payments
• Positive Sentiment: Autonomous Research made only a minor reduction to its price target, to $686 from $687, while maintaining an Outperform rating. Autonomous Research Mastercard price target

Mastercard Profile

Mastercard Incorporated (NYSE: MA) is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates the authorization, clearing and settlement of electronic payment transactions, while generally not issuing cards or extending credit itself. Its network supports payments made in stores, online and through mobile devices.

Mastercard’s products and services include consumer and commercial payment cards, digital payment solutions, payment processing, fraud prevention, cybersecurity, identity verification, data and analytics, and open banking tools.