Mastercard Incorporated $MA is Credit Agricole S A's 5th Largest Position

Key Points

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Credit Agricole S A boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 40.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,033,033 shares of the credit services provider's stock after purchasing an additional 295,590 shares during the quarter. Mastercard makes up approximately 1.8% of Credit Agricole S A's holdings, making the stock its 5th largest position. Credit Agricole S A owned approximately 0.11% of Mastercard worth $566,226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MA. Measured Risk Portfolios Inc. acquired a new position in Mastercard during the 4th quarter valued at approximately $31,000. Keystone Global Partners LLC acquired a new position in Mastercard during the 1st quarter valued at approximately $31,000. Navigoe LLC acquired a new position in Mastercard during the 4th quarter valued at approximately $33,000. 10Elms LLP acquired a new position in Mastercard during the 4th quarter valued at approximately $33,000. Finally, Hughes Financial Services LLC acquired a new position in Mastercard during the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Price Performance

MA stock traded up $6.2280 during trading hours on Friday, hitting $598.1480. 2,388,839 shares of the stock traded hands, compared to its average volume of 2,623,511. The stock has a 50-day simple moving average of $564.03 and a 200 day simple moving average of $555.73. Mastercard Incorporated has a one year low of $461.90 and a one year high of $601.77. The company has a market cap of $540.73 billion, a P/E ratio of 40.33, a P/E/G ratio of 2.43 and a beta of 1.03. 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 (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $7.95 billion. During the same quarter last year, the business posted $3.50 earnings per share. The company's quarterly revenue was up 16.8% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current 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 given a $0.76 dividend. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard's dividend payout ratio (DPR) is 20.50%.

Insiders Place Their Bets

In related news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the transaction, the insider owned 25,540 shares in the company, valued at $14,630,844.40. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider owned 58,451 shares of the company's stock, valued at $34,196,757.55. This trade represents a 19.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,269 shares of company stock worth $30,634,699 over the last three months. Company insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MA. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Citigroup increased their price target on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Morgan Stanley increased their price target on Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. UBS Group increased their price target on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Finally, Macquarie decreased their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $617.93.

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.