Munich Reinsurance Co Stock Corp in Munich decreased its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 20.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 84,816 shares of the credit services provider's stock after selling 21,682 shares during the period. Munich Reinsurance Co Stock Corp in Munich's holdings in Mastercard were worth $43,561,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Robinswood Financial LLC purchased a new stake in shares of Mastercard in the first quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider's stock worth $26,000 after buying an additional 41 shares in the last quarter. Strive Financial Group LLC acquired a new position in Mastercard during the fourth quarter worth $27,000. Hyposwiss Advisors SA acquired a new position in Mastercard during the fourth quarter worth $29,000. Finally, First Pacific Financial grew its holdings in Mastercard by 113.8% in the 1st quarter. First Pacific Financial now owns 62 shares of the credit services provider's stock valued at $31,000 after buying an additional 33 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Mastercard
In other news, CEO Michael Miebach sold 15,372 shares of the firm's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $575.00, for a total transaction of $8,838,900.00. Following the completion of the transaction, the chief executive officer directly owned 93,693 shares in the company, valued at $53,873,475. This trade represents a 14.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of Mastercard stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total value of $1,047,276.21. Following the completion of the sale, the insider directly owned 16,429 shares of the company's stock, valued at $8,702,934.17. The trade was a 10.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 62,913 shares of company stock worth $35,769,036 in the last three months. Company insiders own 0.09% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on MA. Royal Bank Of Canada raised their target price on Mastercard from $629.00 to $642.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Raymond James Financial reissued an "outperform" rating and issued a $632.00 price objective on shares of Mastercard in a report on Friday, July 31st. Susquehanna cut their price objective on shares of Mastercard from $670.00 to $665.00 and set a "positive" rating for the company in a research report on Friday, May 1st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Mastercard in a research note on Tuesday, July 21st. Finally, Loop Capital reiterated a "buy" rating and issued a $631.00 target price on shares of Mastercard in a report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $661.93.
Read Our Latest Research Report on MA
Mastercard Stock Down 1.1%
Shares of NYSE:MA opened at $563.01 on Tuesday. The company has a market capitalization of $493.20 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.71 and a beta of 0.71. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77. The business has a 50-day moving average price of $531.91 and a 200 day moving average price of $516.78. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96.
Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, beating analysts' consensus estimates of $4.77 by $0.27. The company had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.08 billion. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. Mastercard's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.15 earnings per share. Sell-side analysts expect that Mastercard Incorporated will post 19.84 EPS for the current year.
Mastercard Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Thursday, July 9th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard's dividend payout ratio (DPR) is presently 19.14%.
About Mastercard
(
Free Report)
Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.
Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.
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