Mastercard Incorporated $MA Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 809,997 shares of the credit services provider’s stock after purchasing an additional 6,497 shares during the quarter. Mastercard makes up about 1.3% of APG Asset Management N.V.’s portfolio, making the stock its 11th biggest holding. APG Asset Management N.V. owned approximately 0.09% of Mastercard worth $411,012,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. acquired a new position in shares of Mastercard during the 4th quarter valued at about $31,000. Keystone Global Partners LLC purchased a new stake in Mastercard in the 1st quarter valued at about $31,000. Navigoe LLC purchased a new stake in Mastercard in the 4th quarter valued at about $33,000. 10Elms LLP purchased a new stake in Mastercard in the 4th quarter valued at about $33,000. Finally, Hughes Financial Services LLC purchased a new stake in Mastercard in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of Mastercard stock opened at $598.1480 on Friday. The firm has a market capitalization of $540.73 billion, a P/E ratio of 40.33, a P/E/G ratio of 2.43 and a beta of 1.03. Mastercard Incorporated has a 52 week low of $461.90 and a 52 week high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm’s 50 day moving average is $564.03 and its two-hundred day moving average is $555.73.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the prior year, the company earned $3.50 earnings per share. The company’s revenue was up 16.8% compared to the same quarter last year. Research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were issued a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is 20.50%.

Insider Buying and Selling

In other news, insider Craig Vosburg sold 9,428 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the transaction, the insider owned 58,451 shares in the company, valued at $20,636,125.55. This trade represents a 13.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,269 shares of company stock valued at $30,634,699 in the last quarter. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Truist Financial reduced their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. KeyCorp increased their price target on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 price target on the stock. Royal Bank Of Canada increased their price target on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, UBS Group upped their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $617.93.

About Mastercard

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.