Sumitomo Mitsui DS Asset Management Company Ltd Buys 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 lifted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund 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 reporting period.

A number of other institutional investors also recently modified their holdings of the company. Flaharty Asset Management LLC bought a new position in Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC bought a new stake in Mastercard during the 1st quarter worth about $31,000. 10Elms LLP acquired a new position in Mastercard during the 4th quarter valued at about $33,000. Hughes Financial Services LLC bought a new position in shares of Mastercard in the 1st quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $36,000. Institutional investors own 97.28% of the company's stock.

Wall Street Analyst Weigh In

MA has been the topic of several analyst reports. Wall Street Zen upgraded shares of Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. KeyCorp increased their price target on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. TD Cowen reaffirmed a "buy" rating and set a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. UBS Group upped their price objective on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Finally, Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $630.89.

Insider Activity at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares of the company's stock, valued at $4,833,004.23. This represents a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction that occurred 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 transaction, the insider directly owned 58,451 shares of the company's stock, valued at $20,636,125.55. This represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,094 shares of company stock valued at $26,521,861 over the last ninety days. Company insiders own 0.09% of the company's stock.

Mastercard Price Performance

NYSE MA opened at $597.99 on Thursday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $540.59 billion, a price-to-earnings ratio of 40.32, a PEG ratio of 2.40 and a beta of 0.99. The business has a 50 day simple moving average of $576.11 and a 200 day simple moving average of $558.80. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $7.95 billion. During the same quarter in the previous year, the firm posted $3.50 earnings per share. The business's revenue was up 16.8% on a year-over-year basis. Analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

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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