DSM Capital Partners LLC Sells 11,318 Shares of Mastercard Incorporated $MA

Key Points

• DSM Capital Partners LLC sold 11,318 shares of Mastercard, reducing their holdings by 5.5% and leaving them with 192,953 shares valued at approximately $108.4 million.
• Mastercard recently reported a quarterly earnings per share (EPS) of $4.15, exceeding analysts' expectations, with a revenue of $8.13 billion—up 16.8% year-over-year.
• The company announced a quarterly dividend of $0.76 per share, set to be paid on November 7th, with an annualized payout yielding 0.5%.

DSM Capital Partners LLC lowered its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 5.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 192,953 shares of the credit services provider's stock after selling 11,318 shares during the period. Mastercard makes up about 1.6% of DSM Capital Partners LLC's portfolio, making the stock its 20th largest holding. DSM Capital Partners LLC's holdings in Mastercard were worth $108,428,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MA. Brighton Jones LLC boosted its holdings in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after purchasing an additional 2,028 shares during the period. GAMMA Investing LLC boosted its holdings in Mastercard by 19.9% in the 1st quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider's stock valued at $8,226,000 after purchasing an additional 2,493 shares during the period. Zhang Financial LLC boosted its holdings in Mastercard by 17.0% in the 1st quarter. Zhang Financial LLC now owns 2,024 shares of the credit services provider's stock valued at $1,109,000 after purchasing an additional 294 shares during the period. Arvest Investments Inc. bought a new stake in shares of Mastercard during the 1st quarter worth approximately $624,000. Finally, Compagnie Lombard Odier SCmA lifted its holdings in shares of Mastercard by 121.4% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 1,948 shares of the credit services provider's stock worth $1,068,000 after acquiring an additional 1,068 shares during the period. Institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

MA stock opened at $556.80 on Friday. The company has a 50 day simple moving average of $581.01 and a 200 day simple moving average of $562.77. The stock has a market cap of $503.35 billion, a price-to-earnings ratio of 37.55, a P/E/G ratio of 2.31 and a beta of 0.97. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

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

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard's dividend payout ratio is currently 20.50%.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MA shares. TD Cowen reaffirmed a "buy" rating and set a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Wells Fargo & Company upped their price target on shares of Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Truist Financial cut their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a report on Friday, September 26th. Finally, Morgan Stanley upped their price target on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a report 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. According to data from MarketBeat, Mastercard presently has a consensus rating of "Buy" and a consensus target price of $634.04.

About Mastercard

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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