Vancity Investment Management Ltd Takes Position in Mastercard Incorporated $MA

Key Points

• Vancity Investment Management Ltd has acquired 18,197 shares of Mastercard, valued at approximately $9.97 million, making it the 25th largest holding in their investment portfolio.
• Mastercard reported $4.15 EPS for the latest quarter, beating estimates and marking a 16.8% increase in revenue year-over-year, with a total revenue of $8.13 billion.
• The company announced a quarterly dividend of $0.76 per share, representing a 0.5% yield and a payout ratio of 20.50%.

Vancity Investment Management Ltd purchased a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 18,197 shares of the credit services provider's stock, valued at approximately $9,974,000. Mastercard comprises about 1.4% of Vancity Investment Management Ltd's investment portfolio, making the stock its 25th largest holding.

Several other hedge funds have also recently modified their holdings of MA. Keystone Global Partners LLC purchased a new position in shares of Mastercard in the first quarter worth about $31,000. Measured Risk Portfolios Inc. purchased a new stake in Mastercard in the 4th quarter valued at $31,000. 10Elms LLP acquired a new position in Mastercard in the 4th quarter valued at $33,000. Hughes Financial Services LLC acquired a new position in Mastercard in the 1st quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in Mastercard in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

NYSE:MA opened at $584.21 on Monday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The firm has a market cap of $528.13 billion, a price-to-earnings ratio of 39.39, a PEG ratio of 2.40 and a beta of 0.99. The business's fifty day moving average is $572.59 and its 200 day moving average is $557.48.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data 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. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period in the previous year, the company posted $3.50 EPS. The firm's revenue for the quarter was up 16.8% compared to the same quarter last year. Research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced 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. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard's dividend payout ratio is currently 20.50%.

Insider Buying and Selling at Mastercard

In other news, 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 completion of the transaction, the insider owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the sale, the insider owned 25,540 shares in the company, valued at $14,630,844.40. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,481 shares of company stock worth $32,616,595 over the last three months. 0.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on MA. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, August 1st. TD Cowen restated a "buy" rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Wells Fargo & Company increased their price objective on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Mastercard currently has a consensus rating of "Moderate Buy" and a consensus price target of $626.54.

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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