Robeco Institutional Asset Management B.V. Purchases 6,328 Shares of Mastercard Incorporated (NYSE:MA)

Robeco Institutional Asset Management B.V. boosted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 755,520 shares of the credit services provider's stock after acquiring an additional 6,328 shares during the period. Mastercard accounts for about 0.8% of Robeco Institutional Asset Management B.V.'s investment portfolio, making the stock its 19th largest position. Robeco Institutional Asset Management B.V. owned about 0.08% of Mastercard worth $414,116,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Mastercard by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock worth $40,640,219,000 after acquiring an additional 377,302 shares during the period. FMR LLC raised its position in shares of Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after buying an additional 912,856 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after buying an additional 282,739 shares in the last quarter. Norges Bank bought a new position in shares of Mastercard during the fourth quarter worth $6,022,224,000. Finally, Wellington Management Group LLP grew its stake in Mastercard by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock valued at $5,139,713,000 after acquiring an additional 817,836 shares in the last quarter. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Down 1.3%

NYSE MA opened at $550.02 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The company has a fifty day moving average of $561.86 and a two-hundred day moving average of $545.04. The firm has a market capitalization of $501.46 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 2.43 and a beta of 1.05. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the company earned $3.31 earnings per share. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. On average, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. Mastercard's dividend payout ratio (DPR) is 21.32%.

Analyst Ratings Changes

MA has been the subject of several research reports. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a report on Friday, June 6th. UBS Group increased their price target on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. KeyCorp upped their price objective on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Monness Crespi & Hardt lowered shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $610.00.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction on Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the sale, the insider now directly owns 58,451 shares in the company, valued at approximately $20,636,125.55. This trade represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the sale, the insider now owns 3,255 shares of the company's stock, valued at $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,115 shares of company stock worth $18,324,718. 0.09% of the stock is currently owned by insiders.

Mastercard Company 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.

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