Mastercard Incorporated $MA Shares Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its position in Mastercard Incorporated (NYSE:MA) by 39.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 61,381 shares of the credit services provider’s stock after purchasing an additional 17,285 shares during the period. Mastercard accounts for about 0.9% of Vinva Investment Management Ltd’s holdings, making the stock its 14th biggest holding. Vinva Investment Management Ltd’s holdings in Mastercard were worth $33,779,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC purchased a new position in shares of Mastercard during the second quarter worth approximately $11,421,213,000. Laurel Wealth Advisors LLC raised its position in Mastercard by 55,868.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 13,421,148 shares of the credit services provider’s stock worth $7,541,880,000 after buying an additional 13,397,168 shares during the last quarter. Nuveen LLC acquired a new position in shares of Mastercard during the first quarter worth about $4,238,764,000. Wellington Management Group LLP increased its stake in shares of 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 acquiring an additional 3,765,378 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Mastercard by 25.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,372,404 shares of the credit services provider’s stock worth $3,580,909,000 after purchasing an additional 1,299,977 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $545.56 on Thursday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The stock has a market cap of $489.91 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The business’s fifty day moving average price is $560.52 and its two-hundred day moving average price is $568.64. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same quarter last year, the company earned $3.89 earnings per share. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. On average, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, October 9th. Mastercard’s payout ratio is currently 19.44%.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Macquarie boosted their target price on Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Wells Fargo & Company dropped their price objective on Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. UBS Group raised their target price on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a report on Friday, October 31st. Morgan Stanley set a $665.00 price target on shares of Mastercard and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $713.00 price objective on shares of Mastercard in a report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $652.50.

Mastercard 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.