Scotia Capital Inc. Has $87.13 Million Position in Mastercard Incorporated (NYSE:MA)

Key Points

• Scotia Capital Inc. has reduced its stake in Mastercard by 6.0%, now holding 158,968 shares valued at approximately $87.13 million as of the recent SEC filing.
• Mastercard reported $4.15 EPS for its most recent quarter, surpassing estimates by $0.10, with a revenue of $8.13 billion, showing a 16.8% year-over-year increase.
• The company declared a quarterly dividend of $0.76 per share, reflecting an annualized dividend of $3.04, with a payout ratio of 21.32%.

Scotia Capital Inc. reduced its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 158,968 shares of the credit services provider's stock after selling 10,061 shares during the period. Scotia Capital Inc.'s holdings in Mastercard were worth $87,133,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. acquired a new stake in Mastercard in the 4th quarter valued at about $31,000. Navigoe LLC acquired a new position in Mastercard during the fourth quarter valued at approximately $33,000. 10Elms LLP acquired a new position in Mastercard during the fourth quarter valued at approximately $33,000. Hughes Financial Services LLC acquired a new position in Mastercard during the first quarter valued at approximately $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in Mastercard during the fourth quarter valued at approximately $36,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

NYSE MA opened at $559.73 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.11 and a debt-to-equity ratio of 2.41. The firm's fifty day moving average price is $564.58 and its two-hundred day moving average price is $551.95. Mastercard Incorporated has a 1 year low of $439.59 and a 1 year high of $594.71. The firm has a market capitalization of $510.31 billion, a P/E ratio of 37.74, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data 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 net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the previous year, the company earned $3.50 earnings per share. The company's quarterly revenue was up 16.8% on a year-over-year basis. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is currently 21.32%.

Insider Activity at Mastercard

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the transaction, the insider directly owned 58,451 shares in the company, valued at $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the company's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the transaction, the insider owned 25,540 shares in the company, valued at approximately $14,630,844.40. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,753 shares of company stock valued at $20,351,084 in the last ninety days. Company insiders own 0.09% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on MA shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 price objective for the company. Citigroup lifted their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Truist Financial cut their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Macquarie cut their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Five investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Mastercard presently has an average rating of "Moderate Buy" and an average price target of $615.33.

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.

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