GFG Capital LLC Has $283,000 Stake in Mastercard Incorporated $MA

Key Points

• GFG Capital LLC has reduced its stake in Mastercard by 54%, now owning 504 shares worth $283,000.
• Several institutional investors have increased their holdings in Mastercard, with Wellington Management raising its position by 38.6% and Assenagon Asset Management increasing by 3,493.6% in the second quarter.
• Mastercard reported a quarterly EPS of $4.15, beating expectations, and announced a dividend of $0.76 per share, reflecting an annualized yield of 0.5% with a payout ratio of 20.50%.

GFG Capital LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 54.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 504 shares of the credit services provider's stock after selling 591 shares during the quarter. GFG Capital LLC's holdings in Mastercard were worth $283,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MA. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Mastercard during the 2nd quarter valued at $11,421,213,000. Nuveen LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at $4,238,764,000. Wellington Management Group LLP raised its position in Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Mastercard by 3,493.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider's stock worth $524,914,000 after purchasing an additional 908,116 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock worth $11,015,557,000 after purchasing an additional 907,184 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,263 shares of the business's 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 of the company's stock, valued at $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on MA. Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. Royal Bank Of Canada raised their target price on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Wells Fargo & Company raised their target price on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Mastercard in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Mastercard presently has a consensus rating of "Buy" and a consensus price target of $634.04.

Mastercard Stock Performance

MA stock opened at $576.40 on Thursday. The stock has a 50-day moving average price of $581.11 and a 200-day moving average price of $562.55. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. 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 cap of $521.07 billion, a PE ratio of 38.87, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts' consensus estimates 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 in the previous year, the company posted $3.50 EPS. The firm's revenue was up 16.8% compared to the same quarter last year. As a group, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Mastercard 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.

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