Mastercard Incorporated $MA Stock Holdings Lifted by Investidor Profissional Gestao de Recursos Ltda.

Investidor Profissional Gestao de Recursos Ltda. boosted its position in Mastercard Incorporated (NYSE:MA) by 36.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,064 shares of the credit services provider’s stock after buying an additional 6,399 shares during the period. Mastercard makes up about 6.9% of Investidor Profissional Gestao de Recursos Ltda.’s holdings, making the stock its 5th biggest position. Investidor Profissional Gestao de Recursos Ltda.’s holdings in Mastercard were worth $13,523,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MA. Brighton Jones LLC increased its holdings in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares in the last quarter. PFG Advisors grew its stake in Mastercard by 18.9% in the 1st quarter. PFG Advisors now owns 3,798 shares of the credit services provider’s stock valued at $2,082,000 after acquiring an additional 604 shares during the last quarter. Hartford Funds Management Co LLC increased its holdings in Mastercard by 19.7% during the 1st quarter. Hartford Funds Management Co LLC now owns 2,784 shares of the credit services provider’s stock valued at $1,526,000 after acquiring an additional 459 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Mastercard during the first quarter worth about $1,385,000. Finally, Wesleyan Assurance Society grew its position in shares of Mastercard by 17.5% in the first quarter. Wesleyan Assurance Society now owns 36,270 shares of the credit services provider’s stock valued at $19,871,000 after purchasing an additional 5,390 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of several research reports. Wells Fargo & Company cut their price objective on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Tigress Financial raised their price target on Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 6th. Robert W. Baird boosted their price target on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Macquarie increased their price objective on Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, UBS Group lifted their price objective on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $652.50.

Mastercard Price Performance

Shares of NYSE:MA opened at $527.63 on Wednesday. The company has a market cap of $473.81 billion, a P/E ratio of 35.58, a P/E/G ratio of 2.27 and a beta of 0.92. The business has a fifty day simple moving average of $566.34 and a 200-day simple moving average of $569.80. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. 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 (NYSE:MA) last issued its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same period last year, the company earned $3.89 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio is 19.44%.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is currently owned by corporate 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.