1,079 Shares in Mastercard Incorporated $MA Acquired by Matauro LLC

Key Points

• Matauro LLC recently acquired a new stake in Mastercard, purchasing 1,079 shares valued at approximately $606,000 during the second quarter.
• In response to market movements, several large investors, including Kingstone Capital and Wellington Management, have significantly increased their positions in Mastercard.
• Mastercard has a strong performance outlook, with recent earnings surpassing estimates and a quarterly dividend of $0.76 per share announced for November 7th.

Matauro LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,079 shares of the credit services provider's stock, valued at approximately $606,000.

A number of other large investors have also made changes to their positions in MA. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Mastercard during the second quarter valued at approximately $11,421,213,000. Nuveen LLC purchased a new position in Mastercard during the first quarter valued at approximately $4,238,764,000. Wellington Management Group LLP grew its position in Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock valued at $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Mastercard by 3,493.6% during the second quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider's stock valued at $524,914,000 after purchasing an additional 908,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Mastercard by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock valued at $11,015,557,000 after purchasing an additional 907,184 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MA. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 price objective on the stock. KeyCorp boosted their target price on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wolfe Research set a $655.00 target price on shares of Mastercard in a research report on Monday, June 23rd. Finally, Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $630.89.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Julius Genachowski sold 312 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,391 shares of company stock valued at $20,836,514. Corporate insiders own 0.09% of the company's stock.

Mastercard Price Performance

Shares of Mastercard stock opened at $577.76 on Friday. The firm has a fifty day simple moving average of $580.00 and a 200-day simple moving average of $561.32. 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 Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The stock has a market capitalization of $522.30 billion, a price-to-earnings ratio of 38.96, a PEG ratio of 2.35 and a beta of 0.97.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. During the same period in the previous year, the company earned $3.50 earnings per share. Mastercard's revenue for the quarter was up 16.8% on a year-over-year basis. On average, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business 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. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard's dividend payout ratio is presently 20.50%.

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.

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