Mastercard Incorporated $MA Stake Boosted by Voleon Capital Management LP

Voleon Capital Management LP grew its position in Mastercard Incorporated (NYSE:MA) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,069 shares of the credit services provider’s stock after purchasing an additional 915 shares during the quarter. Mastercard comprises approximately 1.7% of Voleon Capital Management LP’s investment portfolio, making the stock its 6th biggest holding. Voleon Capital Management LP’s holdings in Mastercard were worth $21,963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Kestra Investment Management LLC grew its holdings in Mastercard by 45.6% in the first quarter. Kestra Investment Management LLC now owns 2,441 shares of the credit services provider’s stock worth $1,262,000 after purchasing an additional 764 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Mastercard in the first quarter worth $1,348,000. Legacy Wealth Managment LLC ID grew its holdings in shares of Mastercard by 18.1% during the first quarter. Legacy Wealth Managment LLC ID now owns 124 shares of the credit services provider’s stock valued at $68,000 after buying an additional 19 shares during the last quarter. Teewinot Capital Advisers L.L.C. purchased a new stake in shares of Mastercard during the first quarter valued at $2,516,000. Finally, UniSuper Management Pty Ltd grew its holdings in shares of Mastercard by 0.7% during the first quarter. UniSuper Management Pty Ltd now owns 484,380 shares of the credit services provider’s stock valued at $265,498,000 after buying an additional 3,136 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the transaction, the insider owned 25,540 shares in the company, valued at $14,630,844.40. This represents a 3.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,481 shares of company stock worth $32,616,595. Company insiders own 0.09% of the company’s stock.

Mastercard Price Performance

NYSE:MA opened at $584.21 on Monday. Mastercard Incorporated has a one year low of $465.59 and a one year 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 firm has a market cap of $528.13 billion, a price-to-earnings ratio of 39.39, a PEG ratio of 2.40 and a beta of 0.99. The firm’s fifty day moving average is $572.59 and its two-hundred day moving average is $557.48.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.50 earnings per share. Research analysts expect 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, August 8th. Investors of record on Wednesday, July 9th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard’s dividend payout ratio is 20.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Truist Financial dropped their price objective on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Morgan Stanley boosted their price objective on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a report on Friday, June 6th. UBS Group boosted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $626.54.

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.