Caitong International Asset Management Co. Ltd Takes Position in Mastercard Incorporated (NYSE:MA)

Key Points

• Caitong International Asset Management Co. Ltd has acquired a new stake in Mastercard, purchasing 921 shares valued at approximately $505,000 during Q1 2023.
• Key institutional investors, including S Bank Fund Management Ltd and National Pension Service, have also significantly increased their positions in Mastercard, reflecting strong interest in the company.
• Mastercard recently reported earnings of $4.15 per share, beating analysts' expectations, and also declared a quarterly dividend of $0.76, highlighting financial strength and shareholder returns.

Caitong International Asset Management Co. Ltd purchased a new stake in Mastercard Incorporated (NYSE:MA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 921 shares of the credit services provider's stock, valued at approximately $505,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MA. S Bank Fund Management Ltd acquired a new stake in Mastercard in the 1st quarter valued at about $7,016,000. National Pension Service lifted its position in Mastercard by 3.6% in the first quarter. National Pension Service now owns 1,576,912 shares of the credit services provider's stock valued at $864,337,000 after buying an additional 54,602 shares during the last quarter. LGT Group Foundation boosted its stake in Mastercard by 38.5% during the first quarter. LGT Group Foundation now owns 512,315 shares of the credit services provider's stock worth $280,810,000 after buying an additional 142,529 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Mastercard by 11.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,851,539 shares of the credit services provider's stock valued at $1,013,507,000 after acquiring an additional 185,812 shares during the period. Finally, Prudential PLC boosted its position in shares of Mastercard by 12.0% during the 1st quarter. Prudential PLC now owns 135,144 shares of the credit services provider's stock worth $74,075,000 after purchasing an additional 14,467 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In related news, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the transaction, the insider owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider owned 12,921 shares of the company's stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,453 shares of company stock valued at $20,178,667 over the last three months. Company insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MA shares. Royal Bank Of Canada boosted their target price on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. UBS Group boosted their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Morgan Stanley lifted their price objective on shares of Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Five analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $615.33.

Mastercard Trading Up 0.1%

NYSE MA opened at $573.88 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $518.80 billion, a P/E ratio of 38.70, a P/E/G ratio of 2.36 and a beta of 1.03. Mastercard Incorporated has a 52-week low of $454.89 and a 52-week high of $594.71. The firm has a 50-day moving average price of $563.59 and a 200 day moving average price of $553.98.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $7.95 billion. During the same quarter last year, the firm posted $3.50 EPS. The business's revenue was up 16.8% compared to the same quarter last year. Equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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