S&CO Inc. Buys New Stake in Mastercard Incorporated $MA

S&CO Inc. purchased a new stake in Mastercard Incorporated (NYSE:MA - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,358 shares of the credit services provider's stock, valued at approximately $11,483,000.

Several other institutional investors and hedge funds have also made changes to their positions in MA. J. Stern & Co. LLP increased its stake in Mastercard by 53,535.0% in the fourth quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider's stock valued at $41,444,231,000 after purchasing an additional 72,461,743 shares during the last quarter. Norges Bank purchased a new stake in shares of Mastercard during the 4th quarter worth approximately $6,705,708,000. Cardano Risk Management B.V. grew its position in shares of Mastercard by 861.6% in the 4th quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider's stock valued at $2,324,743,000 after buying an additional 3,648,748 shares during the last quarter. State Street Corp raised its stake in Mastercard by 2.8% during the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider's stock worth $20,807,283,000 after acquiring an additional 997,536 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in Mastercard during the 4th quarter worth $497,311,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MA has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Mastercard from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 17th. Clear Str upgraded Mastercard to a "strong-buy" rating in a research report on Thursday, July 16th. UBS Group upped their target price on Mastercard from $640.00 to $670.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Cantor Fitzgerald raised their price target on Mastercard from $650.00 to $695.00 and gave the stock an "overweight" rating in a research note on Monday, August 3rd. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $701.00 price target on shares of Mastercard in a research report on Thursday, July 30th. Five research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $664.71.

Mastercard Trading Down 0.2%

NYSE MA opened at $598.69 on Wednesday. The company has a debt-to-equity ratio of 3.96, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $524.46 billion, a PE ratio of 32.93, a P/E/G ratio of 1.80 and a beta of 0.72. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.62. The firm's fifty day moving average is $542.94 and its two-hundred day moving average is $518.46.

Mastercard (NYSE:MA - Get Free Report) last announced 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. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The business had revenue of $9.28 billion during the quarter, compared to analysts' expectations of $9.08 billion. During the same period in the prior year, the company earned $4.15 earnings per share. The business's revenue was up 14.1% compared to the same quarter last year. Analysts expect that Mastercard Incorporated will post 19.86 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Thursday, July 9th were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. Mastercard's dividend payout ratio is currently 19.14%.

Insider Activity at Mastercard

In other Mastercard news, insider J. Mehra Sachin sold 1,000 shares of Mastercard stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $572.07, for a total value of $572,070.00. Following the transaction, the insider directly owned 39,916 shares in the company, valued at approximately $22,834,746.12. This trade represents a 2.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Linda Pistecchia Kirkpatrick sold 4,280 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $570.31, for a total value of $2,440,926.80. Following the completion of the transaction, the insider directly owned 31,179 shares in the company, valued at approximately $17,781,695.49. The trade was a 12.07% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,357 shares of company stock worth $40,637,262 in the last ninety days. Company insiders own 0.09% of the company's stock.

Mastercard Profile

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.

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source