Scalar Gauge Management LLC Takes $7.87 Million Position in Mastercard Incorporated $MA

Scalar Gauge Management LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,000 shares of the credit services provider’s stock, valued at approximately $7,867,000. Mastercard comprises about 4.5% of Scalar Gauge Management LLC’s investment portfolio, making the stock its 8th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in MA. Brighton Jones LLC grew its position in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the last quarter. University of Texas Texas AM Investment Management Co. lifted its stake in shares of Mastercard by 134.5% in the first quarter. University of Texas Texas AM Investment Management Co. now owns 33,061 shares of the credit services provider’s stock valued at $18,121,000 after buying an additional 18,960 shares during the period. Passive Capital Management LLC. grew its position in Mastercard by 165.2% during the first quarter. Passive Capital Management LLC. now owns 1,241 shares of the credit services provider’s stock worth $680,000 after buying an additional 773 shares in the last quarter. Facet Wealth Inc. increased its stake in Mastercard by 25.8% during the first quarter. Facet Wealth Inc. now owns 502 shares of the credit services provider’s stock valued at $282,000 after acquiring an additional 103 shares during the period. Finally, Norden Group LLC raised its holdings in Mastercard by 1.5% in the 1st quarter. Norden Group LLC now owns 14,093 shares of the credit services provider’s stock valued at $7,725,000 after acquiring an additional 204 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Compass Point set a $620.00 price target on shares of Mastercard and gave the stock a “neutral” rating in a research note on Friday, October 31st. KeyCorp restated an “overweight” rating and issued a $665.00 price objective on shares of Mastercard in a research note on Wednesday, October 22nd. UBS Group raised their price objective on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Royal Bank Of Canada upped their target price on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Four equities research 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. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $652.50.

Mastercard Stock Down 0.8%

Shares of NYSE MA opened at $536.24 on Tuesday. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. 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 business has a fifty day moving average of $562.38 and a two-hundred day moving average of $568.95. The stock has a market cap of $481.54 billion, a PE ratio of 36.16, a PEG ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter last year, the company posted $3.89 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

Mastercard Company 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.