Climber Capital SA Trims Holdings in Mastercard Incorporated $MA

Climber Capital SA lowered its position in Mastercard Incorporated (NYSE:MA) by 15.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 534 shares of the credit services provider’s stock after selling 98 shares during the period. Climber Capital SA’s holdings in Mastercard were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MA. LGT Financial Advisors LLC purchased a new position in shares of Mastercard during the second quarter worth $25,000. Family Legacy Financial Solutions LLC purchased a new stake in Mastercard in the second quarter valued at $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard during the 1st quarter worth about $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard during the 1st quarter worth about $31,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of Mastercard during the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MA shares. Truist Financial lowered their target price on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research note on Tuesday. Royal Bank Of Canada boosted their price target on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective on the stock. Citigroup raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Robert W. Baird increased their price target on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and an average target price of $647.59.

Mastercard Stock Up 0.1%

Mastercard stock opened at $553.55 on Thursday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $500.42 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 2.27 and a beta of 0.97. The business has a 50 day simple moving average of $573.88 and a 200-day simple moving average of $568.77. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The firm had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.89 EPS. On average, analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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 paid a dividend of $0.76 per share. The ex-dividend date of this dividend 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 currently 19.44%.

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.