Ninety One SA PTY Ltd Sells 67 Shares of Mastercard Incorporated $MA

Ninety One SA PTY Ltd decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,542 shares of the credit services provider’s stock after selling 67 shares during the quarter. Mastercard accounts for about 1.3% of Ninety One SA PTY Ltd’s investment portfolio, making the stock its 23rd biggest position. Ninety One SA PTY Ltd’s holdings in Mastercard were worth $8,160,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Family Legacy Financial Solutions LLC bought a new stake in shares of Mastercard during the second quarter worth $26,000. Flaharty Asset Management LLC purchased a new position in Mastercard in the 1st quarter worth about $27,000. Keystone Global Partners LLC purchased a new position in Mastercard in the 1st quarter worth about $31,000. Hughes Financial Services LLC purchased a new position in Mastercard in the 1st quarter worth about $34,000. Finally, 1 North Wealth Services LLC purchased a new position in Mastercard in the 1st quarter worth about $44,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE:MA opened at $569.29 on Wednesday. The company has a market capitalization of $514.64 billion, a price-to-earnings ratio of 38.39, a price-to-earnings-growth ratio of 2.33 and a beta of 0.99. 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. The firm has a 50 day moving average of $579.48 and a 200 day moving average of $560.91.

Mastercard (NYSE:MA) last announced its quarterly 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 business had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same period last year, the business posted $3.50 EPS. The business’s revenue was up 16.8% compared to the same quarter last year. On average, sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Insider Activity

In related news, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction that occurred on 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. Insiders sold 35,391 shares of company stock worth $20,836,514 in the last quarter. 0.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Royal Bank Of Canada boosted their price target on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Truist Financial decreased 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. Finally, UBS Group lifted their target price on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $630.89.

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.