China Universal Asset Management Co. Ltd. Has $8.99 Million Stake in Mastercard Incorporated (NYSE:MA)

China Universal Asset Management Co. Ltd. grew its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,406 shares of the credit services provider's stock after purchasing an additional 471 shares during the period. Mastercard comprises about 0.8% of China Universal Asset Management Co. Ltd.'s holdings, making the stock its 19th biggest holding. China Universal Asset Management Co. Ltd.'s holdings in Mastercard were worth $8,992,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Measured Risk Portfolios Inc. acquired a new position in Mastercard in the 4th quarter worth about $31,000. 10Elms LLP bought a new stake in Mastercard during the 4th quarter valued at approximately $33,000. Navigoe LLC bought a new stake in Mastercard during the 4th quarter valued at approximately $33,000. Truvestments Capital LLC boosted its stake in Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after purchasing an additional 25 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Mastercard in the 4th quarter worth approximately $36,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the sale, the insider directly owned 58,451 shares of the company's stock, valued at $20,636,125.55. This trade represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the sale, the insider directly owned 23,624 shares of the company's stock, valued at approximately $13,229,440. The trade was a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,441 shares of company stock valued at $20,173,035. Insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on MA. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Evercore ISI assumed coverage on Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price for the company. Truist Financial started coverage on Mastercard in a research note on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price for the company. Finally, Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and an average target price of $611.50.

Mastercard Stock Down 0.3%

Shares of MA stock traded down $1.74 on Tuesday, hitting $563.38. 706,349 shares of the stock were exchanged, compared to its average volume of 2,662,229. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The firm has a market capitalization of $513.64 billion, a P/E ratio of 39.55, a price-to-earnings-growth ratio of 2.47 and a beta of 1.02. The business has a 50-day moving average of $567.45 and a 200 day moving average of $547.10. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the prior year, the firm posted $3.31 earnings per share. The business's quarterly revenue was up 14.2% compared to the same quarter last year. Equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

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.