Cryder Capital Partners LLP Buys 28,509 Shares of Mastercard Incorporated $MA

Cryder Capital Partners LLP boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 17.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 193,940 shares of the credit services provider’s stock after purchasing an additional 28,509 shares during the quarter. Mastercard accounts for about 6.1% of Cryder Capital Partners LLP’s investment portfolio, making the stock its 9th biggest holding. Cryder Capital Partners LLP’s holdings in Mastercard were worth $108,983,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. LGT Financial Advisors LLC acquired a new stake in shares of Mastercard during the second quarter worth $25,000. Family Legacy Financial Solutions LLC bought a new position in Mastercard during the 2nd quarter worth about $26,000. Flaharty Asset Management LLC bought a new position in Mastercard during the 1st quarter worth about $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at about $31,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of Mastercard in the second quarter valued at about $31,000. 97.28% of the stock is owned by institutional investors.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were 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 directly owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of a number of research reports. Morgan Stanley increased their price objective on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a report on Saturday. Robert W. Baird increased their target price on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Finally, Royal Bank Of Canada raised their target price on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Five analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Buy” and a consensus price target of $638.96.

Mastercard Price Performance

NYSE:MA opened at $573.72 on Monday. The stock has a market capitalization of $518.65 billion, a PE ratio of 38.69, a P/E/G ratio of 2.35 and a beta of 0.97. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The firm has a fifty day simple moving average of $579.51 and a 200 day simple moving average of $566.36. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

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

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is 20.50%.

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.