Mastercard Incorporated $MA is Cardano Risk Management B.V.'s 10th Largest Position

Key Points

• Cardano Risk Management B.V. increased its stake in Mastercard by 4.6% this past quarter, making it the fund's 10th largest holding, valued at approximately $248.5 million.
• Mastercard's latest earnings report showed EPS of $4.15, surpassing analysts' expectations, with a significant 16.8% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.76 per share, with a yield of 0.5%, set to be paid on November 7th.

Cardano Risk Management B.V. raised its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 4.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 442,244 shares of the credit services provider's stock after buying an additional 19,384 shares during the quarter. Mastercard comprises about 3.2% of Cardano Risk Management B.V.'s investment portfolio, making the stock its 10th biggest holding. Cardano Risk Management B.V.'s holdings in Mastercard were worth $248,515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MA. Kingstone Capital Partners Texas LLC purchased a new position in Mastercard during the second quarter valued at $11,421,213,000. Nuveen LLC bought a new stake in shares of Mastercard in the 1st quarter worth $4,238,764,000. Wellington Management Group LLP increased its holdings in shares of Mastercard by 38.6% in 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 in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Mastercard by 3,493.6% in 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Mastercard by 4.7% in 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 in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other Mastercard 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 transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company's stock, valued at approximately $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.09% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on MA. TD Cowen reissued a "buy" rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Wells Fargo & Company lifted their target price on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Two research 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 MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $634.04.

Mastercard Stock Performance

NYSE:MA opened at $563.77 on Friday. The stock has a 50-day simple moving average of $581.06 and a two-hundred day simple moving average of $562.68. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $509.65 billion, a PE 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 quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) 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 business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the previous year, the company posted $3.50 earnings per share. Mastercard's revenue for the quarter was up 16.8% on a year-over-year basis. Analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be 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 of this dividend is Thursday, October 9th. Mastercard's payout ratio is currently 20.50%.

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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