Temasek Holdings Private Ltd Has $1.51 Billion Stake in Mastercard Incorporated $MA

Key Points

• Temasek Holdings Private Ltd has reduced its stake in Mastercard by 0.7%, now holding around 2.75 million shares, which represent about 6.1% of its investment portfolio.
• Mastercard reported earnings of $4.15 per share for the last quarter, surpassing estimates by $0.10, while its revenue rose 16.8% year-over-year to $8.13 billion.
• Analysts have raised Mastercard's target prices, with some projecting a new average of $626.54, indicating continued confidence in the company's growth potential.

Temasek Holdings Private Ltd lessened its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 0.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,752,810 shares of the credit services provider's stock after selling 18,764 shares during the period. Mastercard accounts for 6.1% of Temasek Holdings Private Ltd's portfolio, making the stock its 3rd biggest holding. Temasek Holdings Private Ltd owned about 0.30% of Mastercard worth $1,508,870,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Keystone Global Partners LLC bought a new stake in Mastercard in the first quarter worth about $31,000. Measured Risk Portfolios Inc. acquired a new position in Mastercard during the fourth quarter valued at $31,000. 10Elms LLP acquired a new position in Mastercard during the fourth quarter valued at $33,000. Hughes Financial Services LLC acquired a new stake in Mastercard during the first quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Mastercard during the fourth quarter valued at $36,000. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

NYSE MA traded down $2.01 during midday trading on Tuesday, hitting $584.59. The company had a trading volume of 2,264,812 shares, compared to its average volume of 2,220,642. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $528.48 billion, a price-to-earnings ratio of 39.42, a P/E/G ratio of 2.41 and a beta of 0.99. The firm has a fifty day simple moving average of $573.10 and a two-hundred day simple moving average of $557.69. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77.

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

Mastercard Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Julius Genachowski sold 312 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director owned 8,469 shares of the company's stock, valued at $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 59,481 shares of company stock valued at $32,616,595 over the last 90 days. Corporate insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial lowered their target price on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Wolfe Research set a $655.00 target price on shares of Mastercard in a research report on Monday, June 23rd. Wall Street Zen raised shares of Mastercard from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Finally, 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 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Mastercard currently has a consensus rating of "Moderate Buy" and a consensus price target of $626.54.

Mastercard Company 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.