Generali Investments Management Co LLC Acquires 999 Shares of Mastercard Incorporated $MA

Generali Investments Management Co LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 36.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,752 shares of the credit services provider’s stock after purchasing an additional 999 shares during the quarter. Generali Investments Management Co LLC’s holdings in Mastercard were worth $2,106,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MA. LGT Financial Advisors LLC bought a new position in shares of Mastercard during the second quarter worth $25,000. Family Legacy Financial Solutions LLC bought a new stake in Mastercard in the 2nd quarter valued at $26,000. Flaharty Asset Management LLC purchased a new stake in Mastercard in the 1st quarter worth $27,000. Keystone Global Partners LLC bought a new position in shares of Mastercard during the 1st quarter valued at about $31,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of Mastercard during the second quarter valued at about $31,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Mastercard news, 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 completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by company insiders.

Mastercard Stock Down 1.8%

Shares of MA opened at $545.31 on Friday. 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 business has a fifty day moving average of $568.49 and a 200 day moving average of $569.93. The company has a market cap of $489.68 billion, a PE ratio of 36.77, a P/E/G ratio of 2.27 and a beta of 0.92. 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, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. The business had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.89 earnings per share. On average, sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were paid a $0.76 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

Analyst Ratings Changes

A number of equities research analysts recently commented on MA shares. UBS Group boosted their target price on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Cowen reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, October 31st. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. KeyCorp restated an “overweight” rating and issued a $665.00 price target on shares of Mastercard in a research report on Wednesday, October 22nd. Finally, Compass Point set a $620.00 price objective on shares of Mastercard and gave the company a “neutral” rating in a research report on Friday, October 31st. Four analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Mastercard currently has an average rating of “Buy” and an average target price of $652.50.

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.