Railway Pension Investments Ltd Has $50.35 Million Position in Mastercard Incorporated $MA

Railway Pension Investments Ltd grew its position in shares of Mastercard Incorporated (NYSE:MA) by 81.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,600 shares of the credit services provider’s stock after purchasing an additional 40,100 shares during the quarter. Railway Pension Investments Ltd’s holdings in Mastercard were worth $50,350,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Pinion Investment Advisors LLC raised its stake in shares of Mastercard by 0.8% during the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock valued at $1,276,000 after acquiring an additional 18 shares during the last quarter. KRS Capital Management LLC grew its stake in shares of Mastercard by 0.6% in the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after purchasing an additional 18 shares during the last quarter. Nvest Financial LLC increased its holdings in Mastercard by 1.2% in the second quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after purchasing an additional 18 shares during the period. Washington Trust Advisors Inc. raised its position in Mastercard by 5.6% during the 2nd quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock worth $191,000 after purchasing an additional 18 shares during the last quarter. Finally, Rialto Wealth Management LLC raised its position in Mastercard by 13.0% during the 2nd quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock worth $88,000 after purchasing an additional 18 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other Mastercard 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 transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

Mastercard Trading Up 1.2%

Shares of Mastercard stock opened at $551.25 on Friday. The stock has a market capitalization of $495.02 billion, a PE ratio of 37.17, a price-to-earnings-growth 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. The stock has a 50 day moving average price of $559.06 and a two-hundred day moving average price of $568.23. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last issued 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 return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same period last year, the business earned $3.89 EPS. Mastercard’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were given 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 Upgrades and Downgrades

Several brokerages have recently weighed in on MA. The Goldman Sachs Group reissued a “buy” rating and issued a $713.00 price target on shares of Mastercard in a research note on Thursday, October 30th. Macquarie increased their target price on shares of Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. KeyCorp restated an “overweight” rating and set a $665.00 price target on shares of Mastercard in a report on Wednesday, October 22nd. Compass Point set a $620.00 price objective on shares of Mastercard and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Tigress Financial upped their price target on shares of Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Mastercard currently has an average rating of “Buy” and an average price target of $652.50.

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.