Mastercard Incorporated $MA Shares Bought by Shell Asset Management Co.

Key Points

• Shell Asset Management Co. increased its stake in Mastercard by 20.5% during Q2, owning 59,835 shares valued at approximately $33.6 million, making it 14th in their portfolio.
• Mastercard reported Q2 earnings of $4.15 per share, exceeding estimates, along with revenue of $8.13 billion, a 16.8% increase year-over-year.
• The company announced a quarterly dividend of $0.76 per share, set to be paid on November 7th, with a yield of 0.5% and a dividend payout ratio of 20.50%.

Shell Asset Management Co. boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 20.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,835 shares of the credit services provider's stock after purchasing an additional 10,159 shares during the quarter. Mastercard makes up approximately 1.2% of Shell Asset Management Co.'s holdings, making the stock its 14th largest position. Shell Asset Management Co.'s holdings in Mastercard were worth $33,624,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MA. Vanguard Group Inc. lifted its holdings in Mastercard by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock valued at $42,503,787,000 after acquiring an additional 365,537 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Mastercard in the second quarter worth $11,421,213,000. Price T Rowe Associates Inc. MD raised its position in shares of Mastercard by 4.7% in 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 period. Wellington Management Group LLP grew its holdings in 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 valued at $7,413,936,000 after buying an additional 3,765,378 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Mastercard during the 1st quarter worth about $4,238,764,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on MA shares. Royal Bank Of Canada upped their price target on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 price target on the stock. KeyCorp increased their target price on Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Robert W. Baird increased their price target on Mastercard from $640.00 to $660.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Wolfe Research set a $655.00 price target on Mastercard in a research report on Monday, June 23rd. Two investment 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 MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $634.04.

Mastercard Price Performance

MA stock opened at $578.91 on Tuesday. The company's 50-day moving average price is $580.46 and its two-hundred day moving average price is $562.33. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm has a market cap of $523.34 billion, a P/E ratio of 39.04, a P/E/G ratio of 2.38 and a beta of 0.97.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard's revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.50 EPS. On average, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business 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 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 dividend payout ratio (DPR) is currently 20.50%.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were 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 in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.09% of the company's stock.

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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