Mastercard Incorporated $MA Holdings Raised by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Mastercard by 19.2%, now owning 130,490 shares valued at approximately $73.37 million.
• Mastercard reported a quarterly EPS of $4.15, surpassing estimates, and achieved a total revenue of $8.13 billion for the quarter, which is up 16.8% from the previous year.
• The company declared a quarterly dividend of $0.76 per share, set to be paid on November 7, 2023, with a yield of 0.5%.

Vanguard Personalized Indexing Management LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 19.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,490 shares of the credit services provider's stock after purchasing an additional 21,036 shares during the period. Mastercard comprises about 0.8% of Vanguard Personalized Indexing Management LLC's holdings, making the stock its 15th biggest holding. Vanguard Personalized Indexing Management LLC's holdings in Mastercard were worth $73,370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of MA. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Mastercard during the second quarter valued at $11,421,213,000. Nuveen LLC purchased a new stake in shares of Mastercard during the first quarter valued at $4,238,764,000. Wellington Management Group LLP lifted 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 valued at $7,413,936,000 after purchasing an additional 3,765,378 shares during the last quarter. Assenagon Asset Management S.A. lifted 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 valued at $524,914,000 after purchasing an additional 908,116 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted 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 valued at $11,015,557,000 after purchasing an additional 907,184 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of MA stock opened at $556.80 on Friday. 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 Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The stock's 50-day moving average is $581.01 and its two-hundred day moving average is $562.86. The firm has a market cap of $503.35 billion, a P/E ratio of 37.55, a PEG ratio of 2.28 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 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 company had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period in the prior year, the firm posted $3.50 EPS. The business's revenue was up 16.8% compared to the same quarter last year. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. KeyCorp upped their target price on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wells Fargo & Company increased their price objective on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Morgan Stanley increased their price objective on Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Truist Financial reduced their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Finally, Royal Bank Of Canada increased their price objective on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $634.04.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the company's 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 directly owned 31,234 shares of the company's stock, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by insiders.

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.

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