Mastercard Incorporated $MA is Livforsakringsbolaget Skandia Omsesidigt's 4th Largest Position

Key Points

• Livforsakringsbolaget Skandia Omsesidigt significantly increased its position in Mastercard by 932.0% during the second quarter, making it the company's fourth largest holding valued at approximately $155.7 million.
• Several large institutional investors have also expanded their positions in Mastercard, with GAMMA Investing LLC increasing its stake by over 65,631% during the first quarter, now owning shares worth approximately $4.5 billion.
• Mastercard recently reported earnings of $4.15 per share for the last quarter, beating estimates and showing a 16.8% year-over-year revenue growth, alongside declaring a quarterly dividend of $0.76 per share.

Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 932.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 277,000 shares of the credit services provider's stock after buying an additional 250,160 shares during the quarter. Mastercard accounts for 0.2% of Livforsakringsbolaget Skandia Omsesidigt's investment portfolio, making the stock its 4th largest holding. Livforsakringsbolaget Skandia Omsesidigt's holdings in Mastercard were worth $155,657,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MA. GAMMA Investing LLC raised its position in Mastercard by 65,631.5% during the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after buying an additional 8,213,123 shares during the last quarter. Nuveen LLC purchased a new position in Mastercard during the 1st quarter worth $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 buying an additional 3,765,378 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Mastercard during the 4th quarter worth $561,313,000. 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 buying an additional 907,184 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider directly owned 58,451 shares of the company's stock, valued at $20,636,125.55. This trade represents a 13.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO J. Mehra Sachin sold 17,263 shares of the firm'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 sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,094 shares of company stock worth $26,521,861 over the last three months. Company insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MA shares. Morgan Stanley upped their price target on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. UBS Group upped their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Seaport Res Ptn raised shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Wolfe Research set a $655.00 price target on shares of Mastercard in a research note on Monday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a "buy" rating and a $650.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $626.54.

Mastercard Stock Performance

NYSE:MA opened at $583.30 on Tuesday. 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 50-day moving average price of $574.96 and a two-hundred day moving average price of $558.34. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a market capitalization of $527.31 billion, a P/E ratio of 39.33, a price-to-earnings-growth ratio of 2.38 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last posted 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 net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period last year, the firm posted $3.50 EPS. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. As a group, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) 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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