Pensionfund Sabic Has $4.17 Million Position in Mastercard Incorporated $MA

Key Points

• Pensionfund Sabic reduced its stake in Mastercard by 15.6% in Q1, holding 7,600 shares worth approximately $4.17 million, making it the 12th largest holding in their portfolio.
• Several institutional investors, including Vanguard Group and GAMMA Investing, significantly increased their holdings in Mastercard, showcasing confidence in the company's stock amidst an overall ownership of 97.28% by institutional investors.
• Mastercard reported a net margin of 44.93% and earnings per share of $4.15, exceeding estimates, with a consensus rating of "Moderate Buy" and a price target around $626.54.

Pensionfund Sabic lessened its position in Mastercard Incorporated (NYSE:MA - Free Report) by 15.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,600 shares of the credit services provider's stock after selling 1,400 shares during the period. Mastercard accounts for about 1.2% of Pensionfund Sabic's portfolio, making the stock its 12th biggest holding. Pensionfund Sabic's holdings in Mastercard were worth $4,166,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Mastercard by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock worth $42,503,787,000 after purchasing an additional 365,537 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Mastercard by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock valued at $11,015,557,000 after buying an additional 907,184 shares during the period. Wellington Management Group LLP increased its stake in shares of Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock valued at $7,413,936,000 after buying an additional 3,765,378 shares during the period. GAMMA Investing LLC increased its stake in shares of Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after buying an additional 8,213,123 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Mastercard in the first quarter valued at about $4,238,764,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MA shares. Truist Financial decreased their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Royal Bank Of Canada increased their price target on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Finally, TD Cowen reissued a "buy" rating and issued a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and a consensus price target of $626.54.

Mastercard Stock Down 1.4%

Shares of Mastercard stock opened at $580.75 on Friday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock's 50-day moving average is $574.60 and its 200 day moving average is $558.35. The firm has a market cap of $525.00 billion, a price-to-earnings ratio of 39.16, a PEG ratio of 2.41 and a beta of 0.99.

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

Mastercard Announces Dividend

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

Insiders Place Their Bets

In other Mastercard news, 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 value of $536,480.00. Following the transaction, the insider owned 23,624 shares in the company, valued at approximately $13,229,440. This represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider owned 12,921 shares in the company, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,094 shares of company stock valued at $26,521,861. 0.09% of the stock is currently owned by corporate insiders.

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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