330,248 Shares in Mastercard Incorporated $MA Purchased by Nykredit A S

Nykredit A S purchased a new stake in Mastercard Incorporated (NYSE:MA) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 330,248 shares of the credit services provider’s stock, valued at approximately $169,615,000.

Other institutional investors also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 41 shares during the last quarter. Strive Financial Group LLC acquired a new stake in shares of Mastercard in the fourth quarter worth approximately $27,000. Hyposwiss Advisors SA purchased a new stake in shares of Mastercard during the fourth quarter worth approximately $29,000. Robinswood Financial LLC purchased a new stake in shares of Mastercard during the first quarter worth approximately $25,000. Finally, Lifetime Wealth Management P.C. acquired a new position in Mastercard in the 4th quarter valued at $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on MA. TD Cowen raised their price objective on Mastercard from $664.00 to $667.00 and gave the company a “buy” rating in a report on Friday, July 31st. Loop Capital reaffirmed a “buy” rating and set a $631.00 target price on shares of Mastercard in a report on Wednesday, June 3rd. Piper Sandler started coverage on shares of Mastercard in a research report on Monday, June 29th. They issued an “overweight” rating and a $597.00 target price for the company. Royal Bank Of Canada raised their price target on shares of Mastercard from $642.00 to $696.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Barclays lifted their price objective on Mastercard from $640.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Mastercard has an average rating of “Buy” and a consensus target price of $666.64.

Mastercard Price Performance

MA stock opened at $588.63 on Thursday. Mastercard Incorporated has a 52-week low of $464.52 and a 52-week high of $601.62. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.96. The stock has a market cap of $515.64 billion, a price-to-earnings ratio of 32.38, a price-to-earnings-growth ratio of 1.67 and a beta of 0.74. The business has a fifty day moving average of $554.98 and a two-hundred day moving average of $520.59.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, beating the consensus estimate of $4.77 by $0.27. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.15 EPS. As a group, research analysts anticipate that Mastercard Incorporated will post 19.86 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Thursday, July 9th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 19.14%.

Insider Transactions at Mastercard

In related news, insider Raj Seshadri sold 1,977 shares of Mastercard stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total value of $1,047,276.21. Following the completion of the sale, the insider owned 16,429 shares in the company, valued at approximately $8,702,934.17. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider J. Mehra Sachin sold 1,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $572.07, for a total value of $572,070.00. Following the transaction, the insider owned 39,916 shares in the company, valued at $22,834,746.12. This trade represents a 2.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,357 shares of company stock worth $40,637,262 in the last three months. Company insiders own 0.09% of the company’s stock.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.