Mastercard Incorporated (NYSE:MA) Shares Acquired by Y.D. More Investments Ltd

Key Points

• Y.D. More Investments Ltd increased its holdings in Mastercard by 8.0%, now owning 13,627 shares valued at approximately $7.47 million.
• A significant number of hedge funds have recently modified their positions in Mastercard, with institutional investors owning 97.28% of the company's stock.
• Mastercard announced a quarterly dividend of $0.76 per share, representing an annualized yield of 0.5%, set to be paid on August 8th.

Y.D. More Investments Ltd lifted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 8.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,627 shares of the credit services provider's stock after purchasing an additional 1,010 shares during the period. Mastercard comprises approximately 0.7% of Y.D. More Investments Ltd's holdings, making the stock its 28th biggest position. Y.D. More Investments Ltd's holdings in Mastercard were worth $7,468,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in Mastercard by 11.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock valued at $37,108,000 after purchasing an additional 7,452 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new position in Mastercard during the fourth quarter valued at approximately $73,000. Trustco Bank Corp N Y purchased a new position in Mastercard during the fourth quarter valued at approximately $211,000. Finally, Polymer Capital Management US LLC purchased a new position in Mastercard during the fourth quarter valued at approximately $201,000. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Up 2.4%

Shares of Mastercard stock traded up $13.20 on Friday, reaching $574.42. The stock had a trading volume of 2,907,568 shares, compared to its average volume of 2,618,541. The company has a 50 day moving average price of $563.90 and a 200 day moving average price of $553.43. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 1 year low of $453.46 and a 1 year high of $594.71. The stock has a market capitalization of $523.70 billion, a P/E ratio of 38.73, a P/E/G ratio of 2.36 and a beta of 1.03.

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

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were paid a $0.76 dividend. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's dividend payout ratio (DPR) is 20.50%.

Insider Activity at Mastercard

In related news, insider Raj Seshadri sold 1,100 shares of Mastercard 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 completion of the sale, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. This trade represents a 7.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the sale, the insider 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 disclosure for this sale can be found here. Insiders have sold 38,603 shares of company stock valued at $20,265,667 over the last 90 days. Company insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MA. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research report on Monday, June 23rd. Finally, KeyCorp lifted their price objective on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and a consensus price target of $615.33.

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.