Mastercard Incorporated $MA Shares Sold by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd lessened its stake in Mastercard Incorporated (NYSE:MA) by 0.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,752,810 shares of the credit services provider’s stock after selling 18,764 shares during the quarter. Mastercard comprises 6.1% of Temasek Holdings Private Ltd’s holdings, making the stock its 3rd biggest position. Temasek Holdings Private Ltd’s holdings in Mastercard were worth $1,508,870,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Mastercard by 0.5% during the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock valued at $42,503,787,000 after acquiring an additional 365,537 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $11,015,557,000 after purchasing an additional 907,184 shares in the last quarter. Wellington Management Group LLP increased its position 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 valued at $7,413,936,000 after purchasing an additional 3,765,378 shares during the period. GAMMA Investing LLC raised its stake in shares of Mastercard by 65,631.5% in the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock worth $4,508,636,000 after buying an additional 8,213,123 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Mastercard in the first quarter valued at $4,238,764,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Down 1.9%

Shares of NYSE:MA opened at $584.21 on Friday. The firm has a 50 day simple moving average of $572.59 and a 200 day simple moving average of $557.52. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $528.13 billion, a PE ratio of 39.39, a price-to-earnings-growth ratio of 2.40 and a beta of 0.99.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.50 EPS. As a group, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

Insider Activity at Mastercard

In related news, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director directly owned 8,469 shares of the company’s stock, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 58,451 shares of the company’s stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,481 shares of company stock worth $32,616,595. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of a number of research analyst reports. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research note on Monday, June 23rd. UBS Group boosted their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a report on Thursday, July 17th. They set a “buy” rating and a $650.00 target price for the company. Finally, Truist Financial decreased their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Two investment 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.