Mufg Securities Americas Inc. Raises Stake in Mastercard Incorporated $MA

Mufg Securities Americas Inc. increased its stake in Mastercard Incorporated (NYSE:MA) by 24.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,977 shares of the credit services provider’s stock after purchasing an additional 3,561 shares during the quarter. Mastercard accounts for 0.9% of Mufg Securities Americas Inc.’s investment portfolio, making the stock its 16th largest position. Mufg Securities Americas Inc.’s holdings in Mastercard were worth $10,102,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MA. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Mastercard during the 2nd quarter valued at approximately $11,421,213,000. Nuveen LLC purchased a new stake in Mastercard during the first quarter worth $4,238,764,000. Wellington Management Group LLP boosted its position in Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Mastercard by 25.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,372,404 shares of the credit services provider’s stock valued at $3,580,909,000 after purchasing an additional 1,299,977 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Mastercard by 1.2% in the second quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock valued at $44,098,695,000 after buying an additional 931,132 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Up 2.4%

MA stock opened at $540.42 on Friday. The company has a 50 day moving average price of $563.32 and a two-hundred day moving average price of $569.09. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $485.29 billion, a P/E ratio of 36.44, a PEG ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.31 by $0.07. The business had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.89 earnings per share. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were issued a $0.76 dividend. The ex-dividend date was Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.6%. Mastercard’s payout ratio is 19.44%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. 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. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Tigress Financial raised their price objective on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 6th. Citigroup upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, TD Cowen reiterated a “buy” rating and set a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Four 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. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price 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.