SeaTown Holdings Pte. Ltd. Buys 3,000 Shares of Mastercard Incorporated $MA

Key Points

• SeaTown Holdings increased its Mastercard stake by 15.2% in the second quarter, buying 3,000 additional shares for a total of 22,700 shares valued at approximately $11.66 million.
• Mastercard reported quarterly EPS of $5.04 and revenue of $9.28 billion, beating estimates and representing 14.1% year-over-year revenue growth. The company also paid a quarterly dividend of $0.87 per share.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and an average price target of $661.93, while insiders sold roughly $35.8 million of shares over the past three months.

SeaTown Holdings Pte. Ltd. lifted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 15.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,700 shares of the credit services provider's stock after purchasing an additional 3,000 shares during the period. Mastercard comprises about 7.0% of SeaTown Holdings Pte. Ltd.'s investment portfolio, making the stock its 7th biggest holding. SeaTown Holdings Pte. Ltd.'s holdings in Mastercard were worth $11,659,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Leelyn Smith LLC increased its holdings in Mastercard by 2.6% in the second quarter. Leelyn Smith LLC now owns 10,251 shares of the credit services provider's stock valued at $5,265,000 after buying an additional 262 shares during the last quarter. Rare Wolf Capital LLC acquired a new stake in Mastercard during the second quarter valued at approximately $276,000. Crewe Advisors LLC lifted its holdings in Mastercard by 9.2% during the 2nd quarter. Crewe Advisors LLC now owns 3,755 shares of the credit services provider's stock worth $1,929,000 after buying an additional 315 shares during the last quarter. Vista Capital Partners Inc. lifted its holdings in Mastercard by 4.5% during the 2nd quarter. Vista Capital Partners Inc. now owns 444 shares of the credit services provider's stock worth $228,000 after buying an additional 19 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. grew its position in shares of Mastercard by 3.0% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 3,070 shares of the credit services provider's stock worth $1,577,000 after acquiring an additional 89 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mastercard news, insider J. Mehra Sachin sold 3,000 shares of the firm's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $571.87, for a total value of $1,715,610.00. Following the sale, the insider directly owned 40,916 shares in the company, valued at approximately $23,398,632.92. This trade represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of the business's stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total transaction of $1,047,276.21. Following the transaction, the insider directly owned 16,429 shares of the company's stock, valued at approximately $8,702,934.17. This trade represents a 10.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 62,913 shares of company stock valued at $35,769,036 in the last three months. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Down 1.1%

Shares of Mastercard stock opened at $563.01 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96. The business's 50 day simple moving average is $531.91 and its 200-day simple moving average is $516.78. The stock has a market capitalization of $493.20 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.71 and a beta of 0.71. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The business had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.08 billion. During the same quarter last year, the business posted $4.15 EPS. The business's revenue was up 14.1% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 19.84 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Thursday, July 9th were given a $0.87 dividend. 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 (DPR) is currently 19.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MA shares. Keefe, Bruyette & Woods boosted their price target on Mastercard from $665.00 to $685.00 and gave the company an "outperform" rating in a report on Friday, July 31st. KeyCorp raised their price objective on Mastercard from $670.00 to $680.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, May 2nd. Cantor Fitzgerald boosted their target price on shares of Mastercard from $650.00 to $695.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Finally, BMO Capital Markets began coverage on shares of Mastercard in a report on Tuesday, April 21st. They set an "outperform" rating and a $605.00 target price on the stock. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $661.93.

About Mastercard

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.

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