111 Capital Increases Stake in Mastercard Incorporated $MA

Key Points

• 111 Capital significantly increased its stake in Mastercard by 1,433.5% during Q2, now holding 10,290 shares worth approximately $5.78 million, which makes it the fund's 14th largest holding.
• Mastercard reported impressive Q2 earnings, with $4.15 EPS surpassing expectations of $4.05, and a revenue increase of 16.8% year-over-year, totaling $8.13 billion.
• The company recently declared a quarterly dividend of $0.76 per share, expected to yield an annualized rate of 0.5%, with a payout ratio of 20.50%.

111 Capital increased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 1,433.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,290 shares of the credit services provider's stock after acquiring an additional 9,619 shares during the quarter. Mastercard comprises 1.0% of 111 Capital's investment portfolio, making the stock its 14th largest holding. 111 Capital's holdings in Mastercard were worth $5,782,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MA. Kingstone Capital Partners Texas LLC bought a new position in Mastercard in the 2nd quarter worth about $11,421,213,000. Nuveen LLC bought a new position in Mastercard in the 1st quarter worth about $4,238,764,000. Wellington Management Group LLP boosted its stake in Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares during the period. Assenagon Asset Management S.A. boosted its stake in Mastercard by 3,493.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider's stock worth $524,914,000 after purchasing an additional 908,116 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Mastercard by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock worth $11,015,557,000 after purchasing an additional 907,184 shares during the period. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

NYSE:MA opened at $581.08 on Friday. The business has a 50 day moving average of $580.26 and a 200 day moving average of $561.67. The company has a market capitalization of $525.30 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 2.37 and a beta of 0.97. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results 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. The company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard's quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.50 EPS. On average, sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders 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 yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard's payout ratio is 20.50%.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Mastercard in a research report on Saturday, September 27th. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 price target for the company. TD Cowen reiterated a "buy" rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Finally, Morgan Stanley lifted their price target on Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $630.89.

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.

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