Gold Investment Management Ltd. Increases Stake in Mastercard Incorporated $MA

Gold Investment Management Ltd. boosted its stake in Mastercard Incorporated (NYSE:MA) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,435 shares of the credit services provider’s stock after purchasing an additional 113 shares during the period. Gold Investment Management Ltd.’s holdings in Mastercard were worth $3,063,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Family Legacy Financial Solutions LLC bought a new position in shares of Mastercard during the second quarter valued at approximately $26,000. Flaharty Asset Management LLC bought a new stake in Mastercard in the first quarter valued at $27,000. Keystone Global Partners LLC bought a new stake in Mastercard in the first quarter valued at $31,000. Hughes Financial Services LLC bought a new stake in Mastercard in the first quarter valued at $34,000. Finally, 1 North Wealth Services LLC bought a new stake in Mastercard in the first quarter valued at $44,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Up 1.0%

NYSE MA opened at $574.40 on Thursday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock has a market cap of $519.26 billion, a P/E ratio of 38.73, a P/E/G ratio of 2.33 and a beta of 0.97. The stock’s fifty day moving average price is $579.73 and its 200-day moving average price is $561.01. 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 released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. During the same period in the prior year, the firm posted $3.50 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. As a group, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is currently 20.50%.

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 17,263 shares of the 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 sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Julius Genachowski sold 312 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,391 shares of company stock worth $20,836,514. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on MA shares. Morgan Stanley lifted their price target on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Royal Bank Of Canada lifted their price target on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. TD Cowen reaffirmed a “buy” rating and issued a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. KeyCorp upped their price target on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Truist Financial reduced their price target on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $630.89.

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.