Mastercard Incorporated $MA Shares Sold by E. Ohman J or Asset Management AB

Key Points

• E. Ohman J or Asset Management AB reduced its Mastercard stake by 5.8% in the second quarter, selling 5,669 shares and retaining 91,500 shares valued at approximately $47.0 million. Institutional investors and hedge funds collectively own 97.28% of the company.
• Mastercard reported a strong quarter, with adjusted earnings of $5.04 per share and revenue of $9.28 billion, exceeding analyst expectations; revenue increased 14.1% year over year.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and an average price target of $661.93, while Mastercard pays a quarterly dividend of $0.87, implying a 0.6% yield.

E. Ohman J or Asset Management AB reduced its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,500 shares of the credit services provider's stock after selling 5,669 shares during the quarter. Mastercard accounts for 1.1% of E. Ohman J or Asset Management AB's holdings, making the stock its 17th largest position. E. Ohman J or Asset Management AB's holdings in Mastercard were worth $46,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. J. Stern & Co. LLP grew its stake in shares of Mastercard by 53,535.0% during the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider's stock worth $41,444,231,000 after purchasing an additional 72,461,743 shares during the period. Norges Bank acquired a new position in shares of Mastercard in the 4th quarter valued at $6,705,708,000. Cardano Risk Management B.V. boosted its holdings in Mastercard by 861.6% during the fourth quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider's stock worth $2,324,743,000 after buying an additional 3,648,748 shares in the last quarter. State Street Corp boosted its holdings in Mastercard by 2.8% during the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider's stock worth $20,807,283,000 after buying an additional 997,536 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in Mastercard during the fourth quarter valued at $497,311,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Down 0.2%

MA stock opened at $561.79 on Tuesday. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.77. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. The firm has a 50-day simple moving average of $523.68 and a 200-day simple moving average of $515.45. The stock has a market capitalization of $492.13 billion, a P/E ratio of 30.90, a P/E/G ratio of 1.70 and a beta of 0.71.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating analysts' consensus estimates of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. During the same period last year, the company posted $4.15 EPS. Mastercard's quarterly revenue was up 14.1% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 19.81 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, July 9th. Mastercard's dividend payout ratio (DPR) is 19.14%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Mastercard from $554.00 to $633.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Susquehanna dropped their target price on Mastercard from $670.00 to $665.00 and set a "positive" rating on the stock in a research report on Friday, May 1st. The Goldman Sachs Group restated a "buy" rating and issued a $701.00 price target on shares of Mastercard in a research note on Thursday, July 30th. Robert W. Baird upped their price target on Mastercard from $660.00 to $680.00 and gave the stock an "outperform" rating in a report on Tuesday, July 7th. Finally, BMO Capital Markets assumed coverage on Mastercard in a research report on Tuesday, April 21st. They set an "outperform" rating and a $605.00 price target on the stock. Five research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $661.93.

Insiders Place Their Bets

In other news, insider J. Mehra Sachin sold 3,000 shares of Mastercard stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $571.87, for a total value of $1,715,610.00. Following the sale, the insider directly owned 40,916 shares of the company's stock, valued at $23,398,632.92. The trade was a 6.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the business's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $540.00, for a total value of $108,000.00. Following the sale, the insider owned 3,322 shares of the company's stock, valued at $1,793,880. The trade was a 5.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 62,913 shares of company stock valued at $35,769,036. 0.09% of the stock is owned by corporate insiders.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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