DekaBank Deutsche Girozentrale Buys 12,641 Shares of Mastercard Incorporated $MA

Key Points

• DekaBank Deutsche Girozentrale increased its stake in Mastercard by 1.0%, now holding 1,322,367 shares valued at approximately $736.9 million, making it the bank's 7th largest position.
• Mastercard reported earnings per share of $4.15 for the last quarter, exceeding estimates, with revenue of $8.13 billion, up 16.8% year-over-year.
• The firm declared a quarterly dividend of $0.76, reflecting an annualized yield of 0.5%, with the payment scheduled for November 7.

DekaBank Deutsche Girozentrale boosted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,322,367 shares of the credit services provider's stock after buying an additional 12,641 shares during the quarter. Mastercard makes up about 1.3% of DekaBank Deutsche Girozentrale's investment portfolio, making the stock its 7th largest position. DekaBank Deutsche Girozentrale owned 0.15% of Mastercard worth $736,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Family Legacy Financial Solutions LLC acquired a new position in Mastercard in the second quarter worth $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard in the first quarter worth $27,000. Keystone Global Partners LLC acquired a new position in Mastercard in the first quarter worth $31,000. Hughes Financial Services LLC acquired a new position in Mastercard in the first quarter worth $34,000. Finally, 1 North Wealth Services LLC acquired a new position in Mastercard in the first quarter worth $44,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Trading Up 2.1%

NYSE:MA opened at $561.42 on Monday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The business's 50-day moving average price is $580.22 and its two-hundred day moving average price is $563.50. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $507.53 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 2.30 and a beta of 0.97.

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, beating 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 firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the prior year, the firm posted $3.50 earnings per share. The company's quarterly revenue was up 16.8% on a year-over-year basis. On average, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard's dividend payout ratio is 20.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday, June 23rd. Royal Bank Of Canada upped their price target on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research note on Thursday, July 17th. They set a "buy" rating and a $650.00 price target on the stock. Finally, Morgan Stanley upped their price target on Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $634.04.

Insider Activity

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.