Lbp Am Sa Acquires 6,127 Shares of Mastercard Incorporated (NYSE:MA)

LBP AM SA boosted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 2.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 312,408 shares of the credit services provider's stock after purchasing an additional 6,127 shares during the quarter. Mastercard makes up approximately 2.5% of LBP AM SA's holdings, making the stock its 6th biggest position. LBP AM SA's holdings in Mastercard were worth $175,555,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Westhampton Capital LLC lifted its position in Mastercard by 0.5% in the second quarter. Westhampton Capital LLC now owns 4,328 shares of the credit services provider's stock worth $2,432,000 after buying an additional 23 shares during the last quarter. Hansen & Associates Financial Group Inc. bought a new stake in Mastercard during the second quarter valued at about $2,155,000. Elwood & Goetz Wealth Advisory Group LLC boosted its holdings in Mastercard by 17.2% in the second quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 605 shares of the credit services provider's stock worth $340,000 after acquiring an additional 89 shares in the last quarter. Chicago Capital LLC boosted its holdings in Mastercard by 37.6% in the second quarter. Chicago Capital LLC now owns 152,117 shares of the credit services provider's stock worth $85,481,000 after acquiring an additional 41,563 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Mastercard by 57.9% during the second quarter. Halbert Hargrove Global Advisors LLC now owns 150 shares of the credit services provider's stock worth $84,000 after purchasing an additional 55 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the sale, the insider directly owned 23,624 shares in the company, valued at approximately $13,229,440. This represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Julius Genachowski sold 312 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,753 shares of company stock worth $20,351,084 in the last ninety days. Company insiders own 0.09% of the company's stock.

Mastercard Stock Up 0.6%

Shares of NYSE MA traded up $3.15 on Wednesday, hitting $561.91. The company had a trading volume of 2,180,335 shares, compared to its average volume of 2,662,489. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71. The business has a 50 day moving average of $566.26 and a two-hundred day moving average of $549.16. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The firm has a market capitalization of $512.30 billion, a P/E ratio of 39.40, a PEG ratio of 2.42 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (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 for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the prior year, the firm posted $3.31 earnings per share. Mastercard's revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Analysts Set New Price Targets

MA has been the subject of several recent research reports. Wolfe Research set a $655.00 price target on Mastercard in a research report on Monday, June 23rd. Truist Financial decreased their target price on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. KeyCorp upped their price target on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wall Street Zen upgraded Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $612.90.

About Mastercard

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.