Mirae Asset Global Investments Co. Ltd. Purchases 19,070 Shares of Mastercard Incorporated $MA

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Mastercard by 15.3%, acquiring an additional 19,070 shares, bringing its total holdings to 143,358 shares valued at approximately $80.56 million.
• Mastercard's latest earnings report showed an EPS of $4.15, beating estimates, with revenue of $8.13 billion, a 16.8% increase from the previous year.
• The company announced a quarterly dividend of $0.76 per share, payable on November 7th, representing an annualized yield of 0.5%.

Mirae Asset Global Investments Co. Ltd. grew its position in Mastercard Incorporated (NYSE:MA - Free Report) by 15.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 143,358 shares of the credit services provider's stock after acquiring an additional 19,070 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Mastercard were worth $80,559,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the stock. Accredited Investors Inc. raised its position in Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock worth $394,000 after purchasing an additional 18 shares during the last quarter. Wealthstream Advisors Inc. raised its position in Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock worth $347,000 after purchasing an additional 18 shares during the last quarter. Phillips Wealth Planners LLC raised its position in Mastercard by 1.8% during the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after purchasing an additional 19 shares during the last quarter. Alta Wealth Advisors LLC raised its position in Mastercard by 3.6% during the 1st quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock worth $296,000 after purchasing an additional 19 shares during the last quarter. Finally, May Hill Capital LLC raised its position in Mastercard by 2.0% during the 1st quarter. May Hill Capital LLC now owns 986 shares of the credit services provider's stock worth $540,000 after purchasing an additional 19 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

MA has been the subject of several research analyst reports. KeyCorp lifted their price objective on Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Royal Bank Of Canada lifted their price objective on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a research report on Thursday, July 17th. They issued a "buy" rating and a $650.00 price objective for the company. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $630.89.

Mastercard Stock Performance

Shares of Mastercard stock opened at $577.76 on Friday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The firm has a market capitalization of $522.30 billion, a price-to-earnings ratio of 38.96, a PEG ratio of 2.35 and a beta of 0.97. The business has a 50-day simple moving average of $580.00 and a 200 day simple moving average of $561.32. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

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

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard's payout ratio is presently 20.50%.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction dated 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 approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director owned 8,469 shares of the company's stock, valued at $4,833,004.23. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,391 shares of company stock valued at $20,836,514 in the last quarter. Company insiders own 0.09% of the company's stock.

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.

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