Caisse DE Depot ET Placement DU Quebec Acquires 11,730 Shares of Mastercard Incorporated $MA

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Mastercard by 1.0%, acquiring an additional 11,730 shares, bringing its total ownership to 1,231,135 shares valued at approximately $674.8 million.
• Mastercard reported $4.15 earnings per share for the latest quarter, exceeding the consensus estimate of $4.05, alongside a revenue of $8.13 billion, which was above analysts' expectations.
• The company declared a quarterly dividend of $0.76 per share, representing an annual yield of 0.5% and a payout ratio of 20.50%.

Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 1.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,231,135 shares of the credit services provider's stock after acquiring an additional 11,730 shares during the quarter. Mastercard comprises about 1.4% of Caisse DE Depot ET Placement DU Quebec's investment portfolio, making the stock its 12th biggest position. Caisse DE Depot ET Placement DU Quebec owned 0.14% of Mastercard worth $674,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Accredited Investors Inc. increased its position in shares of Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock valued at $394,000 after purchasing an additional 18 shares during the last quarter. Wealthstream Advisors Inc. boosted its stake in Mastercard by 2.9% during the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock worth $347,000 after buying an additional 18 shares during the period. Phillips Wealth Planners LLC increased its position in Mastercard by 1.8% during the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock valued at $538,000 after acquiring an additional 19 shares during the last quarter. Alta Wealth Advisors LLC raised its stake in shares of Mastercard by 3.6% in the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock valued at $296,000 after acquiring an additional 19 shares during the period. Finally, May Hill Capital LLC lifted its holdings in shares of Mastercard by 2.0% in the 1st quarter. May Hill Capital LLC now owns 986 shares of the credit services provider's stock worth $540,000 after acquiring an additional 19 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Mastercard stock opened at $598.1480 on Monday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $540.73 billion, a PE ratio of 40.33, a P/E/G ratio of 2.46 and a beta of 1.03. The company has a 50 day moving average price of $564.03 and a 200-day moving average price of $555.58. Mastercard Incorporated has a fifty-two week low of $461.90 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. During the same quarter in the prior year, the firm earned $3.50 earnings per share. Mastercard's revenue was up 16.8% compared to the same quarter last year. As a group, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were paid a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's dividend payout ratio is 20.50%.

Analyst Ratings Changes

Several equities analysts recently commented on MA shares. Wall Street Zen upgraded shares of Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. TD Cowen restated a "buy" rating and set a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Morgan Stanley increased their price target on Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Citigroup raised their price target on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Truist Financial cut their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $617.93.

Insider Activity at Mastercard

In other news, insider Craig Vosburg sold 14,051 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the transaction, the insider directly owned 58,451 shares in the company, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of Mastercard stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $572.86, for a total transaction of $549,372.74. Following the transaction, the insider directly owned 25,540 shares in the company, valued at approximately $14,630,844.40. The trade was a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,269 shares of company stock worth $30,634,699 over the last quarter. Corporate insiders own 0.09% of the company's stock.

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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