Aberdeen Group plc decreased its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 871,476 shares of the credit services provider's stock after selling 13,908 shares during the quarter. Mastercard comprises approximately 0.6% of Aberdeen Group plc's holdings, making the stock its 23rd biggest holding. Aberdeen Group plc owned approximately 0.10% of Mastercard worth $447,590,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Robinswood Financial LLC purchased a new stake in shares of Mastercard in the first quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider's stock valued at $26,000 after buying an additional 41 shares during the period. Strive Financial Group LLC acquired a new position in Mastercard during the 4th quarter worth approximately $27,000. Hyposwiss Advisors SA acquired a new position in Mastercard during the 4th quarter worth approximately $29,000. Finally, First Pacific Financial boosted its holdings in Mastercard by 113.8% in the 1st quarter. First Pacific Financial now owns 62 shares of the credit services provider's stock worth $31,000 after acquiring an additional 33 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.
Mastercard Trading Up 3.3%
NYSE:MA opened at $599.69 on Tuesday. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.62. The business has a 50 day simple moving average of $540.98 and a 200 day simple moving average of $518.14. The firm has a market capitalization of $525.34 billion, a P/E ratio of 32.99, a P/E/G ratio of 1.74 and a beta of 0.71.
Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating the consensus estimate of $4.77 by $0.27. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The firm's revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.15 EPS. Equities research analysts predict that Mastercard Incorporated will post 19.86 EPS for the current year.
Mastercard Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Thursday, July 9th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard's dividend payout ratio is currently 19.14%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on MA. Clear Str raised shares of Mastercard to a "strong-buy" rating in a research report on Thursday, July 16th. Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. KeyCorp raised their price target on shares of Mastercard from $670.00 to $680.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Royal Bank Of Canada raised their price target on shares of Mastercard from $629.00 to $642.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Mastercard from $665.00 to $685.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Mastercard currently has a consensus rating of "Buy" and a consensus price target of $661.93.
Get Our Latest Research Report on Mastercard
Insider Transactions at Mastercard
In other news, insider Raj Seshadri sold 4,828 shares of Mastercard stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the completion of the sale, the insider directly owned 16,429 shares in the company, valued at $8,625,225. The trade was a 22.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $540.00, for a total transaction of $108,000.00. Following the transaction, the insider directly owned 3,322 shares in the company, valued at $1,793,880. The trade was a 5.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 71,357 shares of company stock worth $40,637,262. 0.09% of the stock is currently owned by insiders.
About Mastercard
(
Free Report)
Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.
Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.
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