Mastercard Incorporated (NYSE:MA) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 2.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 106,771 shares of the credit services provider's stock after purchasing an additional 2,933 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Mastercard were worth $58,523,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in 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 during the period. Bank Pictet & Cie Europe AG increased its position in shares of Mastercard by 11.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock worth $37,108,000 after acquiring an additional 7,452 shares during the period. Bailard Inc. raised its stake in shares of Mastercard by 3.9% in the fourth quarter. Bailard Inc. now owns 4,074 shares of the credit services provider's stock valued at $2,145,000 after acquiring an additional 154 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new position in Mastercard in the fourth quarter valued at $32,000. Finally, Jones Financial Companies Lllp increased its holdings in Mastercard by 50.0% during the 4th quarter. Jones Financial Companies Lllp now owns 31,970 shares of the credit services provider's stock worth $16,835,000 after purchasing an additional 10,651 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analysts Set New Price Targets

MA has been the subject of several recent research reports. Macquarie decreased their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. UBS Group lifted their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Truist Financial began coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective on the stock. Evercore ISI assumed coverage on Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and a consensus target price of $611.50.

Insider Transactions at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider owned 3,255 shares of the company's stock, valued at approximately $1,887,900. The trade was a 4.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider directly owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,441 shares of company stock valued at $20,173,035 over the last 90 days. Insiders own 0.09% of the company's stock.

Mastercard Stock Performance

Shares of NYSE:MA traded down $2.86 during trading on Wednesday, reaching $561.75. The company had a trading volume of 2,502,267 shares, compared to its average volume of 2,675,461. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The stock's fifty day moving average price is $564.92 and its 200 day moving average price is $545.89. The firm has a market capitalization of $512.15 billion, a price-to-earnings ratio of 39.39, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the previous year, the company posted $3.31 EPS. Mastercard's revenue was up 14.2% compared to the same quarter last year. As a group, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard's dividend payout ratio is currently 21.32%.

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.