Van Lanschot Kempen Investment Management N.V. Increases Holdings in Mastercard Incorporated $MA

Key Points

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Van Lanschot Kempen Investment Management N.V. grew its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,925 shares of the credit services provider's stock after buying an additional 666 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in Mastercard were worth $56,963,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard during the 4th quarter valued at $31,000. Keystone Global Partners LLC purchased a new position in shares of Mastercard during the 1st quarter valued at $31,000. Navigoe LLC bought a new stake in shares of Mastercard during the 4th quarter valued at $33,000. 10Elms LLP purchased a new stake in Mastercard during the 4th quarter worth about $33,000. Finally, Hughes Financial Services LLC purchased a new stake in Mastercard during the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MA. Royal Bank Of Canada increased their price objective on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Morgan Stanley increased their price objective on Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 price objective on the stock. TD Cowen reissued a "buy" rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Finally, Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $617.93.

Mastercard Price Performance

Shares of MA traded up $6.2280 during trading hours on Friday, reaching $598.1480. 2,388,839 shares of the company's stock traded hands, compared to its average volume of 2,623,511. The stock has a market cap of $540.73 billion, a PE ratio of 40.33, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm's 50 day simple moving average is $564.03 and its 200-day simple moving average is $555.73. Mastercard Incorporated has a 12 month low of $461.90 and a 12 month high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company's revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the company posted $3.50 EPS. Equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is currently 20.50%.

Insider Activity at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the transaction, the insider directly owned 25,540 shares of the company's stock, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction dated 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 approximately $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,269 shares of company stock worth $30,634,699 in the last quarter. 0.09% of the stock is owned by company insiders.

About Mastercard

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.