DSM Capital Partners LLC Sells 3,655 Shares of Mastercard Incorporated $MA

Key Points

• DSM Capital Partners LLC has decreased its stake in Mastercard by 1.8%, selling 3,655 shares and holding a total of 204,271 shares valued at approximately $111.97 million.
• Several hedge funds have significantly increased their positions in Mastercard, including GAMMA Investing LLC, which boosted its stake by 65,631.5% to own over 8.2 million shares worth approximately $4.51 billion.
• Mastercard's recent earnings exceeded analyst expectations, with $4.15 earnings per share and a revenue of $8.13 billion, marking a 16.8% increase compared to the previous year.

DSM Capital Partners LLC reduced its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,271 shares of the credit services provider's stock after selling 3,655 shares during the period. Mastercard makes up about 2.0% of DSM Capital Partners LLC's investment portfolio, making the stock its 20th biggest holding. DSM Capital Partners LLC's holdings in Mastercard were worth $111,965,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of MA. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard in the 4th quarter worth about $31,000. Navigoe LLC acquired a new stake in Mastercard during the fourth quarter valued at approximately $33,000. 10Elms LLP bought a new position in Mastercard during the 4th quarter worth approximately $33,000. Hughes Financial Services LLC bought a new position in Mastercard during the 1st quarter worth approximately $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Mastercard in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

Shares of NYSE MA traded up $2.4480 during midday trading on Tuesday, reaching $586.5880. The company's stock had a trading volume of 688,820 shares, compared to its average volume of 2,797,357. Mastercard Incorporated has a one year low of $461.90 and a one year high of $594.71. The company has a market cap of $530.28 billion, a price-to-earnings ratio of 39.58, a price-to-earnings-growth ratio of 2.39 and a beta of 1.03. The company has a 50 day moving average price of $563.30 and a 200 day moving average price of $554.81. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

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 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 business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same period last year, the company posted $3.50 EPS. The company's revenue was up 16.8% compared to the same quarter last year. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is 20.50%.

Insider Buying and Selling

In other news, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider directly owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,453 shares of company stock worth $20,178,667 over the last ninety days. 0.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on MA. Truist Financial reduced their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Citigroup boosted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. KeyCorp lifted their target price on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Wall Street Zen upgraded Mastercard from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, Macquarie lowered their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $617.93.

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.