Mastercard Incorporated (NYSE:MA) is DekaBank Deutsche Girozentrale’s 10th Largest Position

DekaBank Deutsche Girozentrale decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,309,726 shares of the credit services provider’s stock after selling 12,641 shares during the quarter. Mastercard comprises about 1.4% of DekaBank Deutsche Girozentrale’s investment portfolio, making the stock its 10th biggest holding. DekaBank Deutsche Girozentrale owned about 0.14% of Mastercard worth $700,907,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard in the fourth quarter worth $31,000. 10Elms LLP bought a new stake in shares of Mastercard in the fourth quarter worth about $33,000. Navigoe LLC bought a new stake in shares of Mastercard in the fourth quarter worth about $33,000. Truvestments Capital LLC increased its stake in Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 25 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in Mastercard during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of Mastercard stock traded down $1.23 during trading on Tuesday, reaching $563.90. The company’s stock had a trading volume of 174,160 shares, compared to its average volume of 2,847,011. The business’s fifty day moving average price is $567.45 and its 200-day moving average price is $547.10. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The firm has a market cap of $514.11 billion, a price-to-earnings ratio of 39.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.02. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11.

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

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is presently 21.32%.

Insider Activity at Mastercard

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the company’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the transaction, the insider owned 58,451 shares of the company’s stock, valued at approximately $20,636,125.55. This represents a 13.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the transaction, the insider owned 3,255 shares in the company, valued at $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,441 shares of company stock valued at $20,173,035. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MA. Citigroup upped their target price on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. KeyCorp increased their price objective on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $611.50.

Mastercard 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.