C WorldWide Group Holding A S Makes New $1.51 Million Investment in Mastercard Incorporated $MA

C WorldWide Group Holding A S acquired a new position in shares of Mastercard Incorporated (NYSE:MA) in the 2nd quarter, HoldingsChannel reports. The firm acquired 2,944 shares of the credit services provider’s stock, valued at approximately $1,512,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Border to Coast Pensions Partnership Ltd lifted its holdings in Mastercard by 7.3% in the first quarter. Border to Coast Pensions Partnership Ltd now owns 139,844 shares of the credit services provider’s stock valued at $70,089,000 after buying an additional 9,504 shares during the period. Canada Post Corp Registered Pension Plan raised its position in Mastercard by 6.1% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 65,414 shares of the credit services provider’s stock valued at $37,344,000 after buying an additional 3,768 shares during the last quarter. Marble Wealth LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $1,328,000. Charles Lim Capital Ltd bought a new stake in Mastercard during the fourth quarter worth about $15,699,000. Finally, Gamco Investors INC. ET AL raised its position in Mastercard by 5.4% during the first quarter. Gamco Investors INC. ET AL now owns 28,205 shares of the credit services provider’s stock worth $14,093,000 after acquiring an additional 1,434 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other news, insider Linda Kirkpatrick sold 4,280 shares of the firm’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $570.31, for a total value of $2,440,926.80. Following the completion of the transaction, the insider directly owned 31,179 shares of the company’s stock, valued at $17,781,695.49. This trade represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 4,828 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total value of $2,534,700.00. Following the sale, the insider owned 16,429 shares in the company, valued at approximately $8,625,225. The trade was a 22.71% 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 sold a total of 74,623 shares of company stock valued at $42,544,606 in the last quarter. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on MA. Piper Sandler assumed coverage on Mastercard in a report on Monday, June 29th. They set an “overweight” rating and a $597.00 price target for the company. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a research report on Friday, August 21st. Cantor Fitzgerald lifted their price objective on shares of Mastercard from $650.00 to $695.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Loop Capital restated a “buy” rating and set a $631.00 target price on shares of Mastercard in a research report on Wednesday, June 3rd. Finally, Clear Str upgraded shares of Mastercard to a “strong-buy” rating in a research report on Thursday, July 16th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $666.64.

Mastercard Trading Down 1.5%

Shares of MA stock opened at $570.35 on Wednesday. The stock’s fifty day simple moving average is $561.02 and its 200 day simple moving average is $522.20. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month 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 firm has a market capitalization of $499.63 billion, a P/E ratio of 31.37, a P/E/G ratio of 1.66 and a beta of 0.74.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 EPS for the quarter, beating analysts’ consensus estimates of $4.77 by $0.27. The firm 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 business’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.15 EPS. As a group, sell-side analysts predict that Mastercard Incorporated will post 19.86 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Mastercard Profile

Mastercard Incorporated (NYSE: MA) is a global technology company that operates a payments network connecting consumers, financial institutions, merchants, governments and businesses. The company facilitates electronic payment transactions, including credit, debit, prepaid and commercial payments, by providing the infrastructure used to authorize, clear and settle transactions.

Mastercard’s products and services include its Mastercard-branded payment cards, digital payment tools, contactless payment technology and payment solutions for businesses and governments.