Mastercard Incorporated $MA Stake Trimmed by Mizuho Markets Cayman LP

Key Points

• Mizuho Markets Cayman LP cut its Mastercard stake by 90.9% in the second quarter, selling 4,453 shares and retaining 445 shares valued at approximately $229,000. Institutional investors collectively own 97.28% of the company.
• Mastercard reported strong quarterly results, with EPS of $5.04 and revenue of $9.28 billion, surpassing analyst estimates and representing 14.1% year-over-year revenue growth.
• Analysts remain bullish, assigning Mastercard a consensus “Buy” rating and an average price target of $661.93, while the company maintains a quarterly dividend of $0.87 per share.

Mizuho Markets Cayman LP lessened its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 90.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 445 shares of the credit services provider's stock after selling 4,453 shares during the period. Mizuho Markets Cayman LP's holdings in Mastercard were worth $229,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. increased its position in shares of Mastercard by 20.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider's stock worth $61,000 after acquiring an additional 18 shares in the last quarter. Castle Rock Wealth Management LLC increased its stake in shares of Mastercard by 2.8% in the fourth quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider's stock worth $387,000 after acquiring an additional 19 shares during the last quarter. Athena Wealth Management LLC raised its stake in shares of Mastercard by 3.8% during the 2nd quarter. Athena Wealth Management LLC now owns 514 shares of the credit services provider's stock worth $264,000 after purchasing an additional 19 shares in the last quarter. Novem Group raised its position in Mastercard by 0.4% during the second quarter. Novem Group now owns 4,680 shares of the credit services provider's stock valued at $2,404,000 after acquiring an additional 19 shares in the last quarter. Finally, Vista Capital Partners Inc. raised its holdings in shares of Mastercard by 4.5% during the 2nd quarter. Vista Capital Partners Inc. now owns 444 shares of the credit services provider's stock valued at $228,000 after purchasing an additional 19 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 200 shares of the firm's stock in a transaction on Monday, July 6th. The shares were sold at an average price of $540.00, for a total value of $108,000.00. Following the sale, the insider directly owned 3,322 shares in the company, valued at $1,793,880. This trade represents a 5.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider J. Mehra Sachin sold 3,000 shares of Mastercard stock in a transaction dated 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 in the company, valued at approximately $23,398,632.92. This trade represents a 6.83% 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 quarter, insiders sold 62,913 shares of company stock worth $35,769,036. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Down 1.1%

MA stock opened at $563.01 on Tuesday. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06. Mastercard Incorporated has a 52-week low of $464.52 and a 52-week high of $601.77. The company has a 50-day moving average of $531.91 and a two-hundred day moving average of $516.78. The stock has a market capitalization of $493.20 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 1.71 and a beta of 0.71.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, topping analysts' consensus estimates of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. During the same period in the previous year, the company posted $4.15 earnings per share. The firm's revenue for the quarter was up 14.1% on a year-over-year basis. As a group, equities research analysts anticipate that Mastercard Incorporated will post 19.84 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed 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 of this dividend was Thursday, July 9th. Mastercard's dividend payout ratio is currently 19.14%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Loop Capital reaffirmed a "buy" rating and issued a $631.00 price target on shares of Mastercard in a research report on Wednesday, June 3rd. The Goldman Sachs Group reissued a "buy" rating and set a $701.00 price objective on shares of Mastercard in a report on Thursday, July 30th. Truist Financial boosted their target price on Mastercard from $554.00 to $633.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Robert W. Baird boosted their target price on Mastercard from $660.00 to $680.00 and gave the stock an "outperform" rating in a report on Tuesday, July 7th. Finally, Royal Bank Of Canada upped their target price on Mastercard from $629.00 to $642.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Mastercard presently has a consensus rating of "Buy" and a consensus price target of $661.93.

About Mastercard

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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