Mastercard Incorporated $MA Shares Purchased by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Mastercard by 10.8%, now owning 123,015 shares valued at approximately $69.1 million.
• Mastercard reported $4.15 earnings per share for the last quarter, exceeding analysts' expectations of $4.05, alongside a revenue of $8.13 billion, a 16.8% increase year-over-year.
• The company will pay a quarterly dividend of $0.76 per share on November 7th, with an annualized dividend yield of 0.5%.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 10.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 123,015 shares of the credit services provider's stock after buying an additional 12,038 shares during the period. Mastercard accounts for approximately 2.0% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings, making the stock its 11th largest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Mastercard were worth $69,127,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of Mastercard in the 2nd quarter valued at about $11,421,213,000. GAMMA Investing LLC raised its holdings in shares of 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 valued at $4,508,636,000 after buying an additional 8,213,123 shares during the period. Nuveen LLC purchased a new stake in shares of Mastercard during the 1st quarter valued at about $4,238,764,000. Wellington Management Group LLP raised its holdings 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. Finally, Assenagon Asset Management S.A. raised its holdings 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. 97.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 17,816 shares of the business's stock in a transaction on 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 sale, the chief financial officer owned 31,234 shares of the company's stock, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the sale, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. This represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,449 shares of company stock worth $21,974,441. Insiders own 0.09% of the company's stock.

Mastercard Price Performance

Shares of MA opened at $568.63 on Thursday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The firm has a market cap of $514.05 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 2.34 and a beta of 0.99. 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 stock has a 50 day moving average of $578.51 and a 200-day moving average of $559.55.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm posted $3.50 EPS. The business's revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently commented on MA. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. The Goldman Sachs Group restated a "buy" rating on shares of Mastercard in a report on Friday, August 1st. KeyCorp lifted their price objective on Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Wells Fargo & Company lifted their price objective on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $630.89.

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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