OFI Invest Asset Management Acquires 5,772 Shares of Mastercard Incorporated $MA

Key Points

• OFI Invest Asset Management increased its stake in Mastercard by 4.8%, acquiring an additional 5,772 shares, bringing its total holding to 125,316 shares worth approximately $70.42 million.
• Mastercard reported a quarterly earnings per share of $4.15, exceeding estimates and reflecting a year-over-year revenue increase of 16.8% to $8.13 billion.
• The company has announced a quarterly dividend of $0.76, with the ex-dividend date on October 9th, indicating a dividend yield of 0.5%.

OFI Invest Asset Management lifted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 125,316 shares of the credit services provider's stock after purchasing an additional 5,772 shares during the period. OFI Invest Asset Management's holdings in Mastercard were worth $70,420,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Family Legacy Financial Solutions LLC bought a new position in shares of Mastercard in the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC bought a new position in shares of Mastercard in the 1st quarter worth approximately $27,000. Keystone Global Partners LLC bought a new stake in Mastercard during the 1st quarter worth approximately $31,000. Hughes Financial Services LLC bought a new stake in Mastercard during the 1st quarter worth approximately $34,000. Finally, 1 North Wealth Services LLC bought a new stake in Mastercard during the 1st quarter worth approximately $44,000. Institutional investors own 97.28% of the company's stock.

Mastercard Trading Down 1.4%

MA stock opened at $556.80 on Friday. The firm has a fifty day moving average price of $581.01 and a 200 day moving average price of $562.86. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $503.35 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97.

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

Mastercard Dividend Announcement

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

Analyst Ratings Changes

MA has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Friday, September 26th. Morgan Stanley raised their target price on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Weiss Ratings restated a "buy (b)" rating on shares of Mastercard in a research note on Wednesday. Wolfe Research set a $655.00 price objective on shares of Mastercard in a report on Monday, June 23rd. Finally, Wells Fargo & Company increased their price objective on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $634.04.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company's stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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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