Mastercard Incorporated $MA Holdings Increased by Vident Advisory LLC

Key Points

• Vident Advisory LLC has increased its stake in Mastercard by 47.4%, acquiring an additional 70,674 shares, bringing their total holdings to 219,651 shares valued at approximately $120.4 million.
• Mastercard's stock has received multiple positive upgrades, with firms like UBS Group and KeyCorp raising price targets for the stock, reflecting strong analyst sentiment.
• Insider trading activity includes sales by executives, with insider Linda Pistecchia Kirkpatrick selling 958 shares, representing a 3.90% decrease in her stake.

Vident Advisory LLC increased its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 47.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 219,651 shares of the credit services provider's stock after purchasing an additional 70,674 shares during the quarter. Mastercard accounts for 1.8% of Vident Advisory LLC's portfolio, making the stock its 7th largest position. Vident Advisory LLC's holdings in Mastercard were worth $120,398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MA. GAMMA Investing LLC boosted its holdings in Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after purchasing an additional 8,213,123 shares during the last quarter. Nuveen LLC purchased a new position in shares of Mastercard during the 1st quarter worth $4,238,764,000. Wellington Management Group LLP boosted its stake in shares of Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after acquiring an additional 3,765,378 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Mastercard during the 4th quarter worth $561,313,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock worth $11,015,557,000 after acquiring an additional 907,184 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Price Performance

Shares of MA traded up $5.44 during trading hours on Monday, reaching $595.92. 2,111,125 shares of the stock traded hands, compared to its average volume of 2,512,600. 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 company has a market cap of $538.71 billion, a P/E ratio of 40.18, a price-to-earnings-growth ratio of 2.44 and a beta of 0.99. The company's 50-day moving average price is $568.38 and its two-hundred day moving average price is $556.57. 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 (EPS) for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.50 EPS. On average, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard's payout ratio is currently 20.50%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MA. TD Cowen reiterated a "buy" rating and set a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a "buy" rating and a $650.00 price target on the stock. Truist Financial dropped their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Royal Bank Of Canada lifted their target price on shares of Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company lifted their target price on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and an average price target of $617.93.

Insider Buying and Selling

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction 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 approximately $7,064,815.17. The trade was a 7.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the sale, the insider owned 58,451 shares in the company, valued at approximately $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 a total of 56,269 shares of company stock worth $30,634,699 in the last 90 days. 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.