Mastercard Incorporated $MA Shares Bought by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,838 shares of the credit services provider’s stock after buying an additional 322 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Mastercard were worth $7,214,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MA. KeyCorp reaffirmed an “overweight” rating and set a $665.00 target price on shares of Mastercard in a report on Wednesday, October 22nd. Truist Financial reduced their price objective on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. TD Cowen reiterated a “buy” rating and issued a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Robert W. Baird increased their target price on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Finally, Cowen restated a “buy” rating on shares of Mastercard in a research report on Friday, October 31st. Four 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 stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $652.50.

Mastercard Stock Performance

Shares of MA opened at $546.50 on Wednesday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a 50-day moving average of $561.57 and a two-hundred day moving average of $568.80. The stock has a market cap of $490.75 billion, a price-to-earnings ratio of 36.85, a PEG ratio of 2.27 and a beta of 0.92. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

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 business had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.89 earnings per share. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction 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 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 filing with the SEC, which is available at this link. 0.09% of the stock is owned by insiders.

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.