Saturna Capital CORP Boosts Holdings in Mastercard Inc (NYSE:MA)

Saturna Capital CORP grew its holdings in shares of Mastercard Inc (NYSE:MA) by 2.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,157 shares of the credit services provider’s stock after acquiring an additional 282 shares during the quarter. Saturna Capital CORP’s holdings in Mastercard were worth $2,687,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Claro Advisors LLC increased its position in Mastercard by 4.1% during the 2nd quarter. Claro Advisors LLC now owns 934 shares of the credit services provider’s stock valued at $247,000 after purchasing an additional 37 shares during the period. Quadrant Capital Group LLC increased its position in Mastercard by 0.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 15,147 shares of the credit services provider’s stock valued at $3,989,000 after purchasing an additional 38 shares during the period. First Personal Financial Services increased its position in Mastercard by 4.8% during the 2nd quarter. First Personal Financial Services now owns 832 shares of the credit services provider’s stock valued at $220,000 after purchasing an additional 38 shares during the period. Claraphi Advisory Network LLC increased its position in Mastercard by 1.1% during the 2nd quarter. Claraphi Advisory Network LLC now owns 3,669 shares of the credit services provider’s stock valued at $970,000 after purchasing an additional 40 shares during the period. Finally, Elefante Mark B increased its position in Mastercard by 0.9% during the 2nd quarter. Elefante Mark B now owns 4,582 shares of the credit services provider’s stock valued at $1,212,000 after purchasing an additional 42 shares during the period. 74.25% of the stock is currently owned by hedge funds and other institutional investors.

MA has been the topic of a number of research analyst reports. Raymond James boosted their price objective on shares of Mastercard from $300.00 to $308.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Barclays boosted their price objective on shares of Mastercard from $310.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Oppenheimer boosted their price objective on shares of Mastercard from $242.00 to $259.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Bank of America boosted their target price on shares of Mastercard from $255.00 to $267.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Finally, Argus boosted their target price on shares of Mastercard to $320.00 and gave the company an “average” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $291.80.

In related news, major shareholder Foundation Mastercard sold 23,850 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $271.42, for a total value of $6,473,367.00. Following the transaction, the insider now owns 112,054,562 shares in the company, valued at approximately $30,413,849,218.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David R. Carlucci sold 3,974 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total transaction of $1,043,214.74. Following the completion of the transaction, the director now owns 54,438 shares in the company, valued at approximately $14,290,519.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,621 shares of company stock worth $50,148,475. 3.70% of the stock is currently owned by company insiders.

Mastercard stock traded up $1.93 during mid-day trading on Tuesday, reaching $271.93. The stock had a trading volume of 2,324,797 shares, compared to its average volume of 3,687,139. The firm has a market cap of $273.08 billion, a P/E ratio of 41.90, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08. The company’s 50-day moving average price is $273.12. Mastercard Inc has a one year low of $171.89 and a one year high of $283.33. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.07. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. Mastercard’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.66 EPS. On average, analysts forecast that Mastercard Inc will post 7.61 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Tuesday, July 9th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Monday, July 8th. Mastercard’s payout ratio is 20.34%.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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