Mastercard Incorporated $MA is Voleon Capital Management LP's 6th Largest Position

Key Points

• Voleon Capital Management LP increased its stake in Mastercard by 2.3%, now holding 40,069 shares worth about $21.96 million, making it the firm's 6th largest investment.
• Mastercard reported a quarterly EPS of $4.15, exceeding analysts’ estimates, with revenues of $8.13 billion, a 16.8% increase compared to the previous year.
• The company recently declared a quarterly dividend of $0.76 per share, which yields 0.5%, reflecting a dividend payout ratio of 20.50%.

Voleon Capital Management LP raised its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,069 shares of the credit services provider's stock after acquiring an additional 915 shares during the quarter. Mastercard makes up about 1.7% of Voleon Capital Management LP's investment portfolio, making the stock its 6th biggest position. Voleon Capital Management LP's holdings in Mastercard were worth $21,963,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MA. Measured Risk Portfolios Inc. bought a new stake in Mastercard during the fourth quarter valued at about $31,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard in the first quarter worth about $31,000. 10Elms LLP bought a new stake in shares of Mastercard in the fourth quarter worth about $33,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard in the first quarter worth about $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Mastercard in the fourth quarter worth about $36,000. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider owned 12,921 shares of the company's stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,481 shares of company stock valued at $32,616,595. 0.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MA shares. Royal Bank Of Canada lifted their target price on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a report on Thursday, July 17th. They issued a "buy" rating and a $650.00 target price on the stock. Truist Financial reduced their target price on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Wells Fargo & Company lifted their target price on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, UBS Group lifted their target price on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of "Moderate Buy" and a consensus target price of $626.54.

Mastercard Trading Down 0.7%

MA traded down $3.93 on Wednesday, hitting $580.07. The company had a trading volume of 2,534,147 shares, compared to its average volume of 2,768,398. The company has a market cap of $524.39 billion, a PE ratio of 39.11, a PEG ratio of 2.41 and a beta of 0.99. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. 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 business's fifty day simple moving average is $573.50 and its 200 day simple moving average is $557.87.

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

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard's payout ratio is 20.50%.

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.