Katamaran Capital LLP Increases Holdings in Mastercard Incorporated $MA

Key Points

• Katamaran Capital LLP increased its stake in Mastercard by 106.4% during the second quarter, making it the firm's second-largest position at approximately $8.26 million.
• Several large investors have also significantly increased their holdings in Mastercard, with institutional investors owning 97.28% of the stock.
• Mastercard reported a quarterly earnings per share of $4.15, exceeding estimates, and plans to pay a quarterly dividend of $0.76 on November 7th.

Katamaran Capital LLP raised its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 106.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,699 shares of the credit services provider's stock after acquiring an additional 7,577 shares during the period. Mastercard comprises about 7.7% of Katamaran Capital LLP's investment portfolio, making the stock its 2nd largest position. Katamaran Capital LLP's holdings in Mastercard were worth $8,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of MA. Kingstone Capital Partners Texas LLC bought a new stake in Mastercard in the second quarter valued at $11,421,213,000. Nuveen LLC bought a new stake in shares of Mastercard during the first quarter worth $4,238,764,000. Wellington Management Group LLP grew its holdings in shares of Mastercard by 38.6% during the first 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. grew its holdings in shares of Mastercard by 3,493.6% during the second 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 grew its holdings in shares of Mastercard by 4.7% during the first 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. 97.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company's stock, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.09% of the company's stock.

Mastercard Price Performance

Mastercard stock opened at $563.77 on Friday. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The business's 50-day simple moving average is $581.06 and its 200 day simple moving average is $562.68. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $509.65 billion, a price-to-earnings ratio of 38.02, a P/E/G ratio of 2.36 and a beta of 0.97.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating 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 firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the prior year, the firm posted $3.50 earnings per share. The company's quarterly revenue was up 16.8% on a year-over-year basis. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on MA shares. Royal Bank Of Canada increased their target price on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 target price on the stock. Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. Truist Financial decreased their target price on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Finally, Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Two research 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. According to data from MarketBeat, the stock presently has an average 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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