Mastercard Incorporated $MA Shares Purchased by Bey Douglas LLC

Key Points

• Bey Douglas LLC increased its position in Mastercard by 40.2% in Q2, now holding 12,412 shares valued at approximately $6.97 million, making it the firm's 9th largest holding.
• Mastercard stock was reported to be down 1.4%, currently trading at $556.80, with a market capitalization of $503.35 billion.
• The company recently announced a quarterly dividend of $0.76, with a payout ratio of 20.50%, reflecting a 0.5% yield for investors.

Bey Douglas LLC increased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 40.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,412 shares of the credit services provider's stock after purchasing an additional 3,562 shares during the period. Mastercard comprises about 4.2% of Bey Douglas LLC's investment portfolio, making the stock its 9th biggest holding. Bey Douglas LLC's holdings in Mastercard were worth $6,975,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Kingstone Capital Partners Texas LLC acquired a new position in Mastercard in the 2nd quarter worth approximately $11,421,213,000. Nuveen LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at $4,238,764,000. Wellington Management Group LLP boosted its stake in shares of 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 valued at $7,413,936,000 after buying an additional 3,765,378 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Mastercard by 3,493.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider's stock valued at $524,914,000 after buying an additional 908,116 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of 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 valued at $11,015,557,000 after buying an additional 907,184 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a "buy" rating and a $650.00 target price for the company. KeyCorp lifted their target price on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Friday, September 26th. Weiss Ratings reissued a "buy (b)" rating on shares of Mastercard in a research note on Wednesday. Finally, Royal Bank Of Canada lifted their target price on shares of Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $634.04.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction 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 $18,330,922.26. This trade represents a 36.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is owned by company insiders.

Mastercard Stock Down 1.4%

Mastercard stock opened at $556.80 on Friday. The company has a market capitalization of $503.35 billion, a P/E ratio of 37.55, a P/E/G ratio of 2.31 and a beta of 0.97. The firm's fifty day simple moving average is $581.01 and its 200-day simple moving average is $562.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77.

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 for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard's revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.50 EPS. Sell-side analysts forecast 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. Investors of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard's dividend payout ratio (DPR) is 20.50%.

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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