Point72 Europe London LLP Takes $11.18 Million Position in Mastercard Incorporated $MA

Key Points

• Point72 Europe London LLP invested approximately $11.18 million in Mastercard, acquiring 20,400 shares during the first quarter.
• Mastercard reported $4.15 earnings per share for the last quarter, exceeding analysts' expectations of $4.05 and reflecting a 16.8% increase in revenue year-over-year.
• Mastercard declared a quarterly dividend of $0.76 per share, with a current payout ratio of 20.50% and an annualized yield of 0.5%.

Point72 Europe London LLP acquired a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,400 shares of the credit services provider's stock, valued at approximately $11,182,000.

A number of other large investors have also recently made changes to their positions in the stock. Accredited Investors Inc. boosted its holdings in Mastercard by 2.6% in the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock valued at $394,000 after purchasing an additional 18 shares during the last quarter. Wealthstream Advisors Inc. boosted its holdings in Mastercard by 2.9% in the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock valued at $347,000 after purchasing an additional 18 shares during the last quarter. Phillips Wealth Planners LLC boosted its holdings in Mastercard by 1.8% in the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock valued at $538,000 after purchasing an additional 19 shares during the last quarter. Alta Wealth Advisors LLC boosted its holdings in Mastercard by 3.6% in the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock valued at $296,000 after purchasing an additional 19 shares during the last quarter. Finally, May Hill Capital LLC boosted its holdings in Mastercard by 2.0% in the first quarter. May Hill Capital LLC now owns 986 shares of the credit services provider's stock valued at $540,000 after purchasing an additional 19 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

Mastercard stock traded up $1.59 during midday trading on Thursday, reaching $594.87. The company had a trading volume of 1,653,380 shares, compared to its average volume of 2,779,662. The company has a market capitalization of $537.77 billion, a P/E ratio of 40.11, a P/E/G ratio of 2.44 and a beta of 0.99. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The firm's fifty day simple moving average is $570.99 and its 200-day simple moving average is $557.28. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

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, beating analysts' consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company posted $3.50 EPS. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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

Insiders Place Their Bets

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the transaction, the insider directly owned 58,451 shares of the company's stock, valued at $20,636,125.55. This trade represents a 13.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the transaction, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,481 shares of company stock worth $32,616,595. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MA shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a "buy" rating and a $650.00 price target on the stock. Morgan Stanley upped their price target on shares of Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Truist Financial decreased their price objective 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. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research report on Monday, June 23rd. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and an average price target of $626.54.

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.