Sumitomo Mitsui DS Asset Management Company Ltd Acquires 4,091 Shares of Mastercard Incorporated $MA

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Mastercard by 3.8%, acquiring an additional 4,091 shares, bringing their total ownership to 110,862 shares valued at $62.3 million.
• Analysts remain positive on Mastercard, with the average rating classified as a Buy and a price target of $630.89, following multiple upgrades and favorable reports from major firms.
• Mastercard announced a quarterly dividend of $0.76, set to be paid on November 7th, with a current dividend yield of 0.5% and a payout ratio of 20.50%.

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,862 shares of the credit services provider's stock after purchasing an additional 4,091 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Mastercard were worth $62,298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after buying an additional 2,028 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock valued at $37,108,000 after purchasing an additional 7,452 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new position in Mastercard in the 4th quarter valued at approximately $73,000. Woodline Partners LP purchased a new position in Mastercard in the 4th quarter valued at approximately $25,921,000. Finally, Waverly Advisors LLC increased its stake in Mastercard by 138.4% in the 4th quarter. Waverly Advisors LLC now owns 5,676 shares of the credit services provider's stock valued at $2,989,000 after purchasing an additional 3,295 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of NYSE:MA traded down $2.17 on Friday, reaching $583.88. 6,744,713 shares of the company traded hands, compared to its average volume of 2,280,804. The company's 50 day moving average is $577.23 and its 200-day moving average is $559.09. The stock has a market capitalization of $527.83 billion, a PE ratio of 39.37, a P/E/G ratio of 2.39 and a beta of 0.99. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. 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 announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same period last year, the company posted $3.50 EPS. The business's quarterly revenue was up 16.8% compared to the same quarter last year. As a group, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard's dividend payout ratio (DPR) is currently 20.50%.

Insiders Place Their Bets

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the sale, the insider directly owned 23,624 shares of the company's stock, valued at approximately $13,229,440. The trade was a 3.90% 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 Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,717 shares of company stock valued at $22,684,831. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MA shares. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Morgan Stanley increased their target price on Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 target price on the stock. Wall Street Zen upgraded Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Finally, Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $630.89.

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.