Meiji Yasuda Asset Management Co Ltd. Has $7.58 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 20.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,170 shares of the credit services provider’s stock after buying an additional 2,900 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Mastercard were worth $7,575,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Intech Investment Management LLC raised its stake in Mastercard by 15.6% in the 4th quarter. Intech Investment Management LLC now owns 24,452 shares of the credit services provider’s stock valued at $10,429,000 after acquiring an additional 3,306 shares during the period. Brevan Howard Capital Management LP increased its holdings in shares of Mastercard by 213.2% in the fourth quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock valued at $3,607,000 after purchasing an additional 5,756 shares during the last quarter. Banque Cantonale Vaudoise increased its holdings in shares of Mastercard by 6.9% in the first quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock valued at $19,865,000 after purchasing an additional 2,676 shares during the last quarter. NEOS Investment Management LLC raised its position in shares of Mastercard by 42.0% in the fourth quarter. NEOS Investment Management LLC now owns 11,724 shares of the credit services provider’s stock valued at $5,000,000 after purchasing an additional 3,469 shares during the period. Finally, Morningstar Investment Services LLC lifted its stake in shares of Mastercard by 96.8% during the 4th quarter. Morningstar Investment Services LLC now owns 593,789 shares of the credit services provider’s stock worth $253,144,000 after buying an additional 292,064 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a report on Tuesday, September 3rd. Bank of America upped their target price on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday. KeyCorp lifted their price target on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Piper Sandler boosted their price target on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Susquehanna increased their price objective on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $512.08.

Mastercard Stock Up 0.7 %

NYSE MA opened at $501.22 on Wednesday. The business has a fifty day moving average price of $462.83 and a two-hundred day moving average price of $460.52. The stock has a market capitalization of $465.94 billion, a PE ratio of 39.84, a PEG ratio of 1.92 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $501.74. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. Equities analysts expect that Mastercard Incorporated will post 14.29 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.53%. Mastercard’s payout ratio is currently 20.99%.

Insider Activity at Mastercard

In related news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the transaction, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the transaction, the insider now directly owns 58,940 shares in the company, valued at $26,585,476.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 131,000 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $459.46, for a total value of $60,189,260.00. Following the sale, the insider now owns 92,426,308 shares in the company, valued at $42,466,191,473.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 725,152 shares of company stock valued at $334,186,128. 0.10% of the stock is owned by insiders.

About Mastercard

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.