Mastercard Incorporated (NYSE:MA) Stock Holdings Increased by Mitsubishi UFJ Asset Management Co. Ltd.

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Mastercard by 11.6%, acquiring an additional 151,283 shares for a total of 1,457,624 shares.
• Mastercard reported earnings of $4.15 per share for the last quarter, exceeding expectations and marking a 16.8% year-over-year increase in revenue to $8.13 billion.
• Mastercard declared a quarterly dividend of $0.76 per share, with an upcoming payment date of August 8th, providing a dividend yield of 0.5% and a payout ratio of 20.50%.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 11.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,457,624 shares of the credit services provider's stock after acquiring an additional 151,283 shares during the period. Mastercard accounts for 0.7% of Mitsubishi UFJ Asset Management Co. Ltd.'s portfolio, making the stock its 26th largest position. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of Mastercard worth $798,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard during the fourth quarter worth about $31,000. Navigoe LLC bought a new position in shares of Mastercard during the fourth quarter worth about $33,000. 10Elms LLP bought a new position in shares of Mastercard during the fourth quarter worth about $33,000. Hughes Financial Services LLC bought a new position in shares of Mastercard during the first quarter worth about $34,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Mastercard during the fourth quarter worth about $36,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Trading Up 2.4%

MA stock traded up $13.20 during mid-day trading on Friday, reaching $574.42. 2,907,568 shares of the stock traded hands, compared to its average volume of 2,618,541. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 52-week low of $453.46 and a 52-week high of $594.71. The company has a market cap of $523.70 billion, a P/E ratio of 38.73, a P/E/G ratio of 2.30 and a beta of 1.03. The stock's fifty day moving average is $563.90 and its 200-day moving average is $553.24.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data 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 net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same period in the prior year, the firm earned $3.50 earnings per share. The business's quarterly revenue was up 16.8% on a year-over-year basis. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend 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 is currently 20.50%.

Wall Street Analyst Weigh In

MA has been the subject of several recent research reports. Morgan Stanley upped their price target on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. The Goldman Sachs Group restated a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. UBS Group upped their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Truist Financial lowered their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Finally, Jefferies Financial Group reiterated 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 issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and a consensus price target of $615.33.

Insider Activity

In other Mastercard news, Director Julius Genachowski sold 312 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,603 shares of company stock valued at $20,265,667 over the last ninety days. Corporate insiders own 0.09% of the company's stock.

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.