Flossbach Von Storch SE Invests $275.07 Million in Mastercard Incorporated $MA

Key Points

• Flossbach Von Storch SE acquired 535,581 Mastercard shares worth approximately $275.1 million in the second quarter, representing about 1.2% of its portfolio and 0.06% of Mastercard’s outstanding stock.
• Analysts maintain a bullish outlook, with Mastercard receiving an overall “Buy” rating and an average price target of $664.71. Recent quarterly results also exceeded expectations, with earnings per share of $5.04 and revenue of $9.28 billion, up 14.1% year over year.
• Mastercard shares opened at $598.69, near their 12-month high of $601.62. The company paid a quarterly dividend of $0.87, equivalent to an annualized $3.48 dividend and a 0.6% yield.

Flossbach Von Storch SE bought a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 535,581 shares of the credit services provider's stock, valued at approximately $275,074,000. Mastercard accounts for about 1.2% of Flossbach Von Storch SE's investment portfolio, making the stock its 26th biggest position. Flossbach Von Storch SE owned approximately 0.06% of Mastercard at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Great Lakes Advisors LLC bought a new stake in Mastercard during the 2nd quarter valued at about $2,035,000. Foster & Motley Inc. bought a new position in Mastercard in the 2nd quarter worth about $587,000. Trust Co. of Vermont purchased a new position in shares of Mastercard during the second quarter worth approximately $28,910,000. Firetrail Investments PTY Ltd. bought a new stake in shares of Mastercard during the second quarter valued at approximately $12,508,000. Finally, Plato Investment Management Ltd bought a new stake in shares of Mastercard during the second quarter valued at approximately $13,816,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased their price objective on Mastercard from $665.00 to $685.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Truist Financial lifted their target price on Mastercard from $554.00 to $633.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. KeyCorp raised their price target on Mastercard from $670.00 to $680.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Loop Capital restated a "buy" rating and issued a $631.00 price objective on shares of Mastercard in a report on Wednesday, June 3rd. Finally, Robert W. Baird increased their target price on shares of Mastercard from $660.00 to $680.00 and gave the stock an "outperform" rating in a report on Tuesday, July 7th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $664.71.

Insider Activity at Mastercard

In other Mastercard news, insider Raj Seshadri sold 1,977 shares of the company's stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total transaction of $1,047,276.21. Following the transaction, the insider owned 16,429 shares in the company, valued at approximately $8,702,934.17. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider J. Mehra Sachin sold 1,000 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $572.07, for a total value of $572,070.00. Following the completion of the transaction, the insider owned 39,916 shares of the company's stock, valued at approximately $22,834,746.12. The trade was a 2.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 71,357 shares of company stock valued at $40,637,262 over the last three months. Company insiders own 0.09% of the company's stock.

Mastercard Trading Down 0.2%

MA opened at $598.69 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. The firm has a market cap of $524.46 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 1.80 and a beta of 0.72. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.62. The stock has a fifty day moving average price of $542.94 and a 200-day moving average price of $518.46.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating analysts' consensus estimates of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.08 billion. During the same quarter last year, the company earned $4.15 earnings per share. The firm's revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Mastercard Incorporated will post 19.86 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were given a $0.87 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard's payout ratio is presently 19.14%.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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