Mirova Has $4.80 Million Stock Holdings in Mastercard Incorporated $MA

Key Points

• Mirova reduced its stake in Mastercard Incorporated by 11.0%, selling 1,077 shares and holding a total of 8,751 shares after the sale.
• Mastercard's stock received several analyst upgrades, with Wells Fargo and Morgan Stanley increasing their target prices to $650.00 and $661.00, respectively, both assigning an "overweight" rating.
• The company reported a 16.8% year-over-year increase in revenue, totaling $8.13 billion, and beat earnings expectations with $4.15 EPS for the last quarter.

Mirova trimmed its position in Mastercard Incorporated (NYSE:MA - Free Report) by 11.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 8,751 shares of the credit services provider's stock after selling 1,077 shares during the period. Mastercard accounts for approximately 0.9% of Mirova's investment portfolio, making the stock its 27th biggest position. Mirova's holdings in Mastercard were worth $4,797,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Ethos Financial Group LLC lifted its stake in shares of Mastercard by 19.5% in the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider's stock valued at $1,683,000 after acquiring an additional 518 shares during the last quarter. Whalerock Point Partners LLC lifted its stake in shares of Mastercard by 1.3% in the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after acquiring an additional 185 shares during the last quarter. Fortis Advisors LLC lifted its stake in shares of Mastercard by 9.4% in the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock valued at $477,000 after acquiring an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida lifted its stake in shares of Mastercard by 36.4% in the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock valued at $380,000 after acquiring an additional 185 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of Mastercard by 18.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock valued at $3,766,000 after acquiring an additional 1,047 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Down 0.0%

Mastercard stock traded down $0.08 during trading hours on Wednesday, reaching $591.53. 1,480,823 shares of the company's stock were exchanged, compared to its average volume of 2,760,902. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm's 50 day simple moving average is $565.00 and its 200 day simple moving average is $556.05. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The firm has a market capitalization of $534.75 billion, a PE ratio of 39.89, a PEG ratio of 2.43 and a beta of 1.03.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping 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 firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period last year, the business posted $3.50 EPS. The business's revenue was up 16.8% compared to the same quarter last year. Research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently commented on MA. UBS Group increased their price target on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Macquarie lowered their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company raised their target price on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of "Moderate Buy" and a consensus target price of $617.93.

Insider Activity

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the sale, the insider directly owned 23,624 shares in the company, valued at approximately $13,229,440. This trade represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Julius Genachowski sold 312 shares of the firm's 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 completion of the sale, the director owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,269 shares of company stock worth $30,634,699. 0.09% of the stock is owned by insiders.

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.