OMERS ADMINISTRATION Corp Has $280.74 Million Stock Holdings in Mastercard Incorporated $MA

Key Points

• OMERS ADMINISTRATION Corp has decreased its stake in Mastercard by 0.4%, now holding approximately 512,182 shares valued at around $280.7 million, making it the 8th largest holding in its portfolio.
• Mastercard reported earnings of $4.15 per share for the last quarter, surpassing analysts' expectations, with revenue of $8.13 billion, a year-over-year increase of 16.8%.
• The company has recently announced a quarterly dividend of $0.76 per share, representing an annualized dividend yield of 0.5% and a payout ratio of 20.5%.

OMERS ADMINISTRATION Corp lessened its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 512,182 shares of the credit services provider's stock after selling 2,299 shares during the period. Mastercard accounts for approximately 2.5% of OMERS ADMINISTRATION Corp's investment portfolio, making the stock its 8th biggest position. OMERS ADMINISTRATION Corp owned about 0.06% of Mastercard worth $280,737,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MA. GAMMA Investing LLC lifted its holdings 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 in the last quarter. Nuveen LLC acquired a new stake in shares of Mastercard in the 1st quarter worth $4,238,764,000. Wellington Management Group LLP lifted its stake in shares of Mastercard by 38.6% in the first 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 purchasing an additional 3,765,378 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Mastercard during the 4th quarter valued at about $561,313,000. Finally, Price T Rowe Associates Inc. MD increased its holdings 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 valued at $11,015,557,000 after acquiring an additional 907,184 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Up 0.9%

Shares of NYSE:MA traded up $5.44 during midday trading on Monday, reaching $595.92. The company had a trading volume of 2,111,125 shares, compared to its average volume of 2,512,600. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock's fifty day moving average price is $568.38 and its 200-day moving average price is $556.57. The stock has a market capitalization of $538.71 billion, a P/E ratio of 40.18, a PEG ratio of 2.44 and a beta of 0.99. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77.

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

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard's payout ratio is 20.50%.

Insider Activity

In other Mastercard news, Director Julius Genachowski sold 312 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO J. Mehra Sachin sold 17,816 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 56,269 shares of company stock valued at $30,634,699 over the last quarter. 0.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of recent analyst reports. Wolfe Research set a $655.00 target price on shares of Mastercard in a report on Monday, June 23rd. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. UBS Group boosted their target price on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. TD Cowen restated a "buy" rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Finally, Wall Street Zen upgraded shares of Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $617.93.

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.