Mastercard Incorporated (NYSE:MA) Shares Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Mastercard by 9.0%, owning approximately $1.67 billion worth and making it the bank's 20th largest position.
• Mastercard reported a net margin of 44.93% and earnings per share of $4.15 for the last quarter, exceeding expectations.
• The company announced a quarterly dividend of $0.76 per share, equating to an annualized yield of 0.5% and a payout ratio of 20.50%.

Deutsche Bank AG grew its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 9.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,042,882 shares of the credit services provider's stock after buying an additional 250,974 shares during the quarter. Mastercard makes up 0.7% of Deutsche Bank AG's portfolio, making the stock its 20th biggest holding. Deutsche Bank AG owned 0.33% of Mastercard worth $1,667,864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Whalerock Point Partners LLC boosted its stake in Mastercard by 1.3% during the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after buying an additional 185 shares during the last quarter. Fortis Advisors LLC boosted its stake in Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock valued at $477,000 after buying an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida boosted its stake in Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock valued at $380,000 after buying an additional 185 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its stake in Mastercard by 18.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock valued at $3,766,000 after buying an additional 1,047 shares during the last quarter. Finally, Baldwin Investment Management LLC boosted its stake in Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock valued at $911,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Stock Up 2.4%

NYSE MA traded up $13.20 during midday trading on Friday, hitting $574.42. 2,907,568 shares of the company traded hands, compared to its average volume of 2,618,541. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $523.70 billion, a PE ratio of 38.73, a price-to-earnings-growth ratio of 2.30 and a beta of 1.03. The company's 50-day simple moving average is $563.90 and its 200-day simple moving average is $553.24. Mastercard Incorporated has a 52 week low of $453.46 and a 52 week high of $594.71.

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

Mastercard Announces Dividend

The firm also recently disclosed 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 of this dividend was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard's dividend payout ratio (DPR) is presently 20.50%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MA shares. UBS Group increased their price target on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Wolfe Research set a $655.00 price objective on Mastercard in a research report on Monday, June 23rd. Royal Bank Of Canada upped their price objective on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Truist Financial decreased 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. 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $615.33.

Insiders Place Their Bets

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the sale, the insider owned 23,624 shares of the company's stock, valued at $13,229,440. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the firm's stock in a transaction 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 sale, the director directly owned 8,469 shares of the company's stock, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,603 shares of company stock worth $20,265,667 over the last quarter. Company 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.