M. Kraus & Co Raises Stock Position in Mastercard Incorporated (NYSE:MA)

M. Kraus & Co increased its stake in Mastercard Incorporated (NYSE:MAGet Rating) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,645 shares of the credit services provider’s stock after acquiring an additional 53 shares during the quarter. M. Kraus & Co’s holdings in Mastercard were worth $519,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Mastercard by 8.4% during the first quarter. Vanguard Group Inc. now owns 76,021,301 shares of the credit services provider’s stock worth $27,168,493,000 after buying an additional 5,868,493 shares in the last quarter. State Street Corp grew its holdings in shares of Mastercard by 4.4% during the fourth quarter. State Street Corp now owns 35,528,530 shares of the credit services provider’s stock worth $12,766,111,000 after buying an additional 1,511,927 shares in the last quarter. Capital International Investors grew its holdings in shares of Mastercard by 9.7% during the first quarter. Capital International Investors now owns 16,219,816 shares of the credit services provider’s stock worth $5,796,675,000 after buying an additional 1,430,200 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Mastercard by 47.5% during the first quarter. Wellington Management Group LLP now owns 15,686,480 shares of the credit services provider’s stock worth $5,606,033,000 after buying an additional 5,053,394 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of Mastercard by 3.4% during the first quarter. Capital Research Global Investors now owns 14,080,614 shares of the credit services provider’s stock worth $5,032,182,000 after buying an additional 468,198 shares in the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of several recent research reports. Susquehanna Bancshares lowered their price target on shares of Mastercard from $430.00 to $400.00 and set a “positive” rating on the stock in a research report on Friday, July 29th. Piper Sandler lowered their price target on shares of Mastercard from $357.00 to $298.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 6th. Truist Financial lowered their price target on shares of Mastercard from $450.00 to $420.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Citigroup lowered their price target on shares of Mastercard from $453.00 to $415.00 in a research report on Tuesday, July 26th. Finally, Morgan Stanley boosted their price target on shares of Mastercard from $452.00 to $457.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $414.09.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $360.00, for a total transaction of $1,800,000.00. Following the sale, the chief financial officer now directly owns 15,723 shares in the company, valued at $5,660,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.29% of the company’s stock.

Mastercard Trading Down 2.7 %

NYSE:MA traded down $8.00 on Friday, reaching $290.36. 129,057 shares of the company’s stock were exchanged, compared to its average volume of 2,266,435. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.20. The firm has a market capitalization of $280.60 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 1.41 and a beta of 1.06. The business has a fifty day moving average of $338.13 and a 200-day moving average of $340.44. Mastercard Incorporated has a 52-week low of $296.59 and a 52-week high of $399.92.

Mastercard (NYSE:MAGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The credit services provider reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.20. Mastercard had a net margin of 46.49% and a return on equity of 143.35%. The company had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.26 billion. During the same period in the prior year, the firm earned $1.95 earnings per share. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, analysts expect that Mastercard Incorporated will post 10.63 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Friday, October 7th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.68%. Mastercard’s payout ratio is 19.86%.

About Mastercard

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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 other payment-related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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