Kidder Stephen W Has $14.38 Million Holdings in Mastercard Incorporated $MA

Kidder Stephen W decreased its holdings in Mastercard Incorporated (NYSE:MA) by 6.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,592 shares of the credit services provider’s stock after selling 1,856 shares during the quarter. Mastercard makes up about 4.3% of Kidder Stephen W’s investment portfolio, making the stock its 6th largest position. Kidder Stephen W’s holdings in Mastercard were worth $14,381,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Mastercard by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock valued at $42,503,787,000 after purchasing an additional 365,537 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Mastercard during the second quarter worth $11,421,213,000. Price T Rowe Associates Inc. MD raised its position in shares of Mastercard by 4.7% during the first 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. Wellington Management Group LLP raised its position in shares of Mastercard by 38.6% during the first 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. Finally, Nuveen LLC bought a new stake in shares of Mastercard during the first quarter worth $4,238,764,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.1%

Shares of Mastercard stock opened at $579.24 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The business has a fifty day simple moving average of $580.78 and a 200 day simple moving average of $562.45. The stock has a market cap of $523.64 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97.

Mastercard (NYSE:MA) last posted its 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. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. During the same period in the previous year, the firm earned $3.50 earnings per share. The company’s revenue was up 16.8% on a year-over-year basis. Research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio is 20.50%.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of recent research reports. KeyCorp boosted their target price on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Truist Financial dropped their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Morgan Stanley boosted their target price on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. TD Cowen restated a “buy” rating and set a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $634.04.

Insider Activity

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by company insiders.

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.