Mastercard Incorporated $MA Shares Acquired by Cryder Capital Partners LLP

Cryder Capital Partners LLP increased its position in shares of Mastercard Incorporated (NYSE:MA) by 17.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,940 shares of the credit services provider’s stock after buying an additional 28,509 shares during the quarter. Mastercard accounts for 6.1% of Cryder Capital Partners LLP’s portfolio, making the stock its 9th biggest holding. Cryder Capital Partners LLP’s holdings in Mastercard were worth $108,983,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new position in Mastercard in the second quarter worth $11,421,213,000. Nuveen LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $4,238,764,000. Wellington Management Group LLP lifted its holdings in shares of Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after acquiring an additional 3,765,378 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Mastercard by 3,493.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock worth $524,914,000 after acquiring an additional 908,116 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after acquiring an additional 907,184 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Morgan Stanley increased their target price on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research report on Saturday. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price target on the stock. Finally, Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $638.96.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.09% of the stock is owned by company insiders.

Mastercard Trading Down 0.0%

Shares of MA opened at $573.72 on Monday. 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 company has a market cap of $518.65 billion, a price-to-earnings ratio of 38.69, a PEG ratio of 2.35 and a beta of 0.97. The stock has a fifty day moving average price of $579.51 and a two-hundred day moving average price of $566.36. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. During the same quarter in the prior year, the business earned $3.50 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Mastercard Profile

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.