Mastercard Incorporated $MA Shares Bought by Mirova US LLC

Mirova US LLC raised its position in Mastercard Incorporated (NYSE:MA) by 3.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,070,696 shares of the credit services provider’s stock after acquiring an additional 37,444 shares during the period. Mastercard makes up 6.2% of Mirova US LLC’s investment portfolio, making the stock its 3rd largest holding. Mirova US LLC owned 0.12% of Mastercard worth $601,667,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MA. Family Legacy Financial Solutions LLC acquired a new stake in shares of Mastercard in the 2nd quarter worth $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard in the first quarter valued at about $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard in the first quarter valued at about $31,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard in the first quarter valued at about $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Mastercard in the first quarter valued at about $44,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on MA shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research note on Monday, June 23rd. Royal Bank Of Canada raised their price objective on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, TD Cowen reiterated a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $634.04.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Performance

NYSE:MA opened at $579.24 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a 50-day moving average price of $580.78 and a two-hundred day moving average price of $562.45. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a market capitalization of $523.64 billion, a P/E ratio of 39.06, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period last year, the firm posted $3.50 EPS. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s payout ratio is 20.50%.

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.